With the afternoon session underway, Nifty 50 has staged a recovery to 24,100 after early volatility triggered by fresh Iran-US military tensions, while Bitcoin climbs back above ₹59 lakh and global gold prices slip on a stronger dollar. Here’s your 2 PM markets update for Monday, June 29, 2026.
📈 Afternoon Session: Market Snapshot
Indian equity markets are trading on a mixed-to-cautious note in the afternoon session. The Nifty 50 is holding near 24,100 (prev close: 24,056), while the BSE Sensex is around 77,050 (prev close: 77,100.47), with sentiment held back by a flare-up in Iran-US geopolitical tensions after Iran launched missiles and drones at US military installations in Kuwait and Bahrain. On the sectoral front, Healthcare (+0.91%) and Pharma (+0.86%) are leading the charge, boosted by a sharp advance in Dr Reddy’s Laboratories. In contrast, Nifty IT (-0.66%) and Nifty Energy (-0.73%) are the major drags. Among individual stocks, Asian Paints, Tech Mahindra, and Dr Reddy’s are the top gainers, while Kotak Mahindra Bank, Mahindra & Mahindra, and Reliance Industries are the notable laggards. Encouragingly, both FIIs and DIIs are in buying mode today — FIIs net-bought ₹383.80 Cr and DIIs picked up a robust ₹5,747.80 Cr in the cash segment, providing a cushion against global headwinds.
₿ Crypto at 2 PM — Live Prices
Bitcoin (BTC) is trading around $62,860 (₹59.34 lakh), up +2.39% in the past 24 hours, attempting to recover from weekend lows below $60,000. Ethereum (ETH) is at $1,670 (₹1.58 lakh), up +1.41% on the day. However, the broader crypto market remains under pressure — US spot Bitcoin ETFs have seen record outflows of $4 billion in June 2026. In positive institutional news, Japan’s SBI Holdings has announced plans to acquire crypto exchange Bitbank for $289 million, signaling continued institutional interest in digital assets despite short-term weakness.
💰 Live Rates — 2 PM IST, June 29, 2026
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 24,100 | +0.18% vs prev close |
| Sensex | 77,050 | -0.07% vs prev close |
| Bitcoin (BTC) | ₹59.34 lakh / $62,860 | +2.39% (24hr) |
| Ethereum (ETH) | ₹1.58 lakh / $1,670 | +1.41% (24hr) |
| Gold (10g, 24K) | ₹1,43,950 | ~-0.40% |
| Silver (1kg) | ₹2,39,900 | Flat |
| USD/INR | ₹94.40 | +0.13% |
| Crude Oil (Brent) | $72.01 | +0.03% |
| Crude Oil (WTI) | $68.86 | Near Feb 2026 lows |
📰 Top 5 Financial News Stories of the Day
- Iran Launches Missiles at US Military Bases in Kuwait and Bahrain — Iran escalated hostilities by firing missiles and drones at US military installations in Kuwait and Bahrain, prompting retaliatory US airstrikes. The attack has revived fears over the Strait of Hormuz supply corridor, triggering safe-haven demand and weighing on risk assets including Indian equities and crypto markets.
- FII & DII Both Net Buyers as Markets Hold Steady — In a reassuring signal for bulls, both Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) were net buyers on June 29. FIIs purchased ₹383.80 Cr while DIIs deployed a large ₹5,747.80 Cr in the cash segment, helping offset geopolitical concerns and supporting index recovery.
- SBI Holdings to Acquire Crypto Exchange Bitbank for $289 Million — Japan’s SBI Holdings has announced a definitive agreement to acquire cryptocurrency exchange Bitbank for approximately $289 million, with the transaction expected to close by October 2026. This marks one of the largest acquisitions in the Asian crypto industry and underscores growing institutional appetite for digital asset businesses.
- US Bitcoin ETFs See Record $4 Billion Outflow in June 2026 — US-listed spot Bitcoin ETFs recorded their highest-ever monthly outflow at $4 billion in June 2026, driven by a stronger US dollar, hawkish Federal Reserve signals, and a rotation into AI-driven semiconductor stocks. This outflow trend has weighed on BTC prices, pulling it below $60,000 over the weekend before a partial recovery today.
- Strait of Hormuz Shipping Resumes as Iran-US Peace Talks Progress — Despite the military escalation, shipping transits through the Strait of Hormuz have accelerated following partial progress in US-Iran peace negotiations, restoring Persian Gulf oil exports to approximately 75% of pre-war levels. This has kept Brent crude relatively contained at $72/barrel despite the military tensions, with WTI slipping to near February 2026 lows at $68.86.
🌐 Global Markets & Tomorrow’s Outlook
Global markets remain on edge as investors monitor the Iran-US situation closely. Brent crude is trading at $72.01, partially cushioned by Strait of Hormuz resumption. US markets will be watching Federal Reserve commentary and any escalation in Middle East conflict, which could push oil higher and pressure equity indices. For Indian investors, the key triggers tomorrow will be any overnight developments on the geopolitical front, RBI commentary, and continued FII/DII flows. The pharma and healthcare sectors remain defensive bets, while IT could see further pressure if the US dollar stays firm. Watch for any update on India’s Q1 FY27 GDP or earnings guidance from bellwether names.
Data sourced from live market feeds including NSE India, Goodreturns, CoinMarketCap, MCX, and exchange rate portals. Last updated: 2:00 PM IST, June 29, 2026. This article is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered advisor before making investment decisions.
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