Indian markets reopen Monday after a 3-day gap — with a cautiously positive bias — as easing crude oil prices, steady FII inflows, and a pivotal triple F&O expiry on June 30 set the tone for the week ahead. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Nifty 50 closed at 24,056 (+0.14%) on Wednesday, June 25, before markets shut for the Muharram holiday on June 26. Today, June 29, marks the first trading session after a 3-day break. GIFT Nifty was hovering near 24,095 in pre-open, signalling a flat-to-positive start. India VIX slipped to 13.05 (-2.54%), its lowest in weeks — a comfort sign for bulls. FII activity turned positive with net purchases of ₹383.80 crore in the cash segment today, while DIIs were aggressive net buyers at ₹5,747.80 crore, underlining strong domestic institutional confidence. Key support is placed at 23,950 and resistance at 24,200. Banking and auto stocks led gains last week, while IT and metals lagged. Critically, Tuesday June 30 brings a triple F&O expiry — Nifty 50 weekly, Nifty 50 monthly, and Bank Nifty monthly — making today’s positioning extremely significant.
₿ Crypto Market Update
Bitcoin (BTC) is trading around $59,400 (₹56.1 lakh), down approximately 0.90% in the past 24 hours and nearly 6.8% over the past week. Ethereum (ETH) is at approximately $1,620 (₹1.53 lakh), down about 2.8% in 24 hours. Both major cryptocurrencies have been under pressure following the US Federal Reserve’s hawkish stance in June and speculation around possible rate hikes. Bitcoin’s market cap currently stands around $1.19 trillion. The global crypto market remains risk-off as institutional investors rotate toward safer assets. Watch for any macro triggers this week that could revive momentum.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 24,056 (last close) | +0.14% |
| Sensex | 77,072 (last close) | +0.10% |
| Bitcoin (BTC) | ₹56.1L / $59,400 | -0.90% (24hr) |
| Ethereum (ETH) | ₹1.53L / $1,620 | -2.80% (24hr) |
| Gold (10g, 24K) | ₹1,42,750 | ~Flat |
| Silver (1kg) | ₹2,40,000 | ~Flat |
| USD/INR | ₹84.40 | ~-0.06% |
| Crude Oil (Brent) | ~$72 | -4.34% |
📰 Top 5 Financial News Stories This Morning
- US-Iran Peace Deal Sends Brent Crude to Multi-Month Lows Below $72 — Brent crude tumbled to ~$71.99/barrel on June 26 — its lowest since February — as the June 15 US-Iran peace treaty reopened Strait of Hormuz shipping lanes. For India, which imports over 80% of its crude requirements, this is major relief: it shrinks the import bill, dampens inflation, and eases fiscal pressure. Analysts expect crude to remain range-bound in the $68–$76 zone over the next few weeks.
- Nifty Faces Triple F&O Expiry on June 30 — A High-Stakes Settlement Week Begins — Tuesday, June 30, 2026, is a rare triple expiry day when Nifty 50 weekly, Nifty 50 monthly, and Bank Nifty monthly contracts all settle simultaneously. This creates elevated volatility potential and positioning games starting today. Options data shows heavy Put OI at 23,900–24,000 and Call OI bunched at 24,200–24,500, suggesting a tight trading band. Traders should expect sharp intraday swings and cautious pre-expiry behavior.
- US Tech Stocks Rout — Nasdaq Falls 2.21% as AI-Sector Sell-Off Deepens — The Nasdaq Composite slid 2.21% to close at 25,587 while the S&P 500 fell 1.44% to 7,365 in recent sessions, driven by a sharp decline in semiconductor and AI-related stocks. The sell-off spilled over into Asian and European markets, with Hong Kong’s Hang Seng falling 1.82% and China’s CSI 300 down 2.77%. Indian IT stocks may face some sympathy selling pressure today, though strong domestic cues could limit the downside.
- Bitcoin Slips Below $60,000 — Crypto Bears Gain Ground Post-Fed Hawkishness — Bitcoin continues to bleed from its June highs, now trading around $59,400 — significantly below the $73,568 it opened the month at. The Fed’s June policy stance, which signalled possible rate hikes, has drained risk appetite from digital assets. Ethereum has fared worse, falling from $2,004 to $1,620 over the same period. Indian crypto investors holding positions through INDmoney, CoinDCX, or WazirX platforms should brace for continued near-term volatility.
- Both FII & DII Turn Net Buyers on June 29 — Institutional Buying Signals Confidence — In a positive sign for market sentiment, Foreign Institutional Investors (FIIs) were net buyers of ₹383.80 crore and Domestic Institutional Investors (DIIs) aggressively bought ₹5,747.80 crore in the cash segment on Monday. The strong DII activity — led by domestic mutual funds and insurance companies — suggests the broader Indian market continues to attract long-term capital despite global headwinds. This dual institutional buying is historically a strong near-term support signal for benchmark indices.
🔍 What to Watch Today
Triple F&O Expiry (Tuesday, June 30): The most critical event of the week — all three major contracts settle tomorrow. Expect heightened volatility, sharp moves near 24,000, and possible “max pain” pinning action today as market makers position ahead of settlement. Crude Oil Trajectory: With Brent near $72, any Strait of Hormuz disruption or OPEC commentary could move oil sharply, directly impacting India’s current account and inflation outlook — watch international desk headlines through the day. Global Macro Cues: US economic data, Fed member speeches, and any further tech-sector selling in overnight markets could set the tone for afternoon trade. Keep an eye on SGX Nifty (GIFT Nifty) futures intraday for live directional signals.
Data sourced from live market feeds, NSE, BSE, Yahoo Finance, GoodReturns, and GoldMeter. Last updated: 8:00 AM IST, 29 June 2026. This is for informational purposes only and not investment advice.
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