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Informist, Tuesday, Jun. 30, 2026

 

By Arya S. Biju

 

MUMBAI – Benchmark equity indices declined 0.3?ch amid the US and Iran sending conflicting signals about the status of their negotiations scheduled to be held in Qatar Tuesday, after recent hostilities threatened the fragile peace agreement between the two. Crude oil prices, however, remained largely steady ahead of the peace talks. At 1539 IST, the August futures contract of Brent Crude on the Intercontinental Exchange was at $73.27 per barrel, up 0.2% from the previous close. 

 

After opening a tad higher, the benchmark indices fell and closed lower despite occasional attempts to regain positive territory. Tuesday, the Nifty 50 settled at 23865.75, down 80.50 points or 0.3%. The BSE Sensex closed at 76478.67, down 249.70 points or 0.3%. "Although geopolitical concerns have eased, the fragile nature of the US–Iran peace deal continues to weigh on sentiment, preventing any meaningful directional move," Vinod Nair, head of research at Geojit Investments, said in a note. However, on a monthly basis, the indices gained 1.4% and 2.3%, respectively, regaining most of their losses in the previous month.       

 

In the latest development, US President Donald Trump said a meeting will be held in Doha on Tuesday, while Iran refuted the same. The White House had announced that US Special Envoy Steve Witkoff and Senior Adviser to President Trump, Jared Kushner, were scheduled to travel to Doha on Tuesday for discussions with Iranian officials. Meanwhile, Iranian Foreign Ministry Spokesman Esmaeil Baghaei said the Iranian delegation was not currently scheduled to hold talks with the US and was only visiting Qatar to advance efforts to secure the release of frozen assets, Al Jazeera reported.  

 

In the domestic market, broader market indices showed resiliance compared with their benchmark peers and closed 0.4-1.1% higher. Nifty smallcap indices led the gains and rose 0.6-1.1%. Sectoral indices were largely mixed with Nifty IT, Nifty Media, Nifty PSU Bank and NIfty FMCG leading the losses, down 0.7-2.7% lower while Nifty Realty, and Nifty Consumer Durables led the gains, up over 1?ch. 

 

Most information technology stocks declined Tuesday, with the Nifty IT index falling nearly 3% to 26299.05 points, its lowest level in around five years. All index constituents, except Persistent Systems ended lower, down 0.9–4.0%. Large-cap players such as LTM, Infosys, Tata Consultancy Services, Wipro, and HCL Technologies were down around 3-4%. Expectations of a weak June quarter, no signs of improvement in the already weak demand environment, and rising expectations of an interest rate hike by the US Federal Reserve weighed on these stocks, according to analysts covering the sector. 

 

Select automobile stocks traded with a negative bias Tuesday following the Delhi government's approval to its electric vehicle policy, aimed at accelerating the adoption of electric mobility in the national capital. The government Monday announced that it will stop fresh registrations of internal combustion engine two-wheelers and three-wheelers over the next two years, leading to fears that other states could also follow this and force them to redraw product launch plans and investment strategies. 

 

The EV policy mandates that only electric auto rickshaws can be registered from Jan. 1 and only electric two-wheelers from Apr. 1, 2028. The policy also offers incentives of up to INR 30,000 in the first year for electric-two wheelers purchase and INR 50,000 for electric rickshaws. This has made sentiment around Indian automobile stocks negative as the legacy portfolio dominates the industry, rather than the EV portfolio. Eicher Motors is seen taking the hit most as the Royal Enfield owner lags in EV adoption. The stocks fell around 5% and was the worst hit in the Nifty 50 index.  

 

Meanwhile, shares of electric two-wheeler makers Ola Electric Mobility and Ather Energy rose over 8% and 5%, respectively. Global brokerage Citi sees the policy to be particularly positive for electric three-wheeler manufacturers such as Bajaj Auto and Mahindra Last Mile Mobility, as well as electric two-wheeler makers including TVS Motor, Ola Electric and Ather Energy, CNBC TV18 reported. The brokerage is however, awaiting greater clarity on incentives for hybrid vehicles.

 

Shares of Maruti Suzuki gained more than 5% and were the top gaining stock in the Nifty 50 after Jefferies upgraded its recommendation on the stock to "buy" from "hold" and raised the target price by nearly 20% to INR 16,500. The brokerage cited easing macroeconomic concerns as providing support for the automaker. India's passenger vehicle demand remained strong in the first half of 2026. The easing of the war in West Asia between the US and Iran and the sharp correction in global crude oil prices have alleviated demand side concerns, NDTV Profit reported, quoting the brokerage.

 

Among gainers, defence stocks rose after the Ministry of Defence released the Delegation of Financial Powers to Defence Research and Development Organisation, a revised financial framework aimed at boosting defence research and development in the sector and induct indigenous technologies into the armed forces. The Nifty India Defence closed 1.4% higher at 9519.40 points. Barring Bharat Forge and Aequs, all constituents of the index traded higher. Paras Defence and Space Technologies was the top gainer in the sectoral index, up nearly 9%, followed by Cochin Shipyard, Solar Industries, Dynamatic Technologies, Apollo Micro Systems, and BEML, up 3-6%

 

Among stocks, Blue Cloud Softech Solutions hit a 5% upper circuit at INR 19.96 on NSE, a day after the company said it has been empanelled by Bharat Sanchar Nigam Ltd. as a captive non-public network provider. Under the empanelment framework, Blue Cloud will be eligible to partner with BSNL across its areas of operation for enterprise captive non-public net provider projects, the company said. 

 

* Of the Nifty 50 stocks, 22 rose, 28 fell

* Of the Sensex stocks, 10 rose, 20 fell 

* On the NSE, 1,919 stocks rose, 1,383 fell, and 109 were unchanged

* On the BSE, 2,332 stocks rose, 1,904 fell, and 185 were unchanged
* Nifty IT: down 2.7%; Nifty Media: down 0.8%; Nifty Realty: up 1.3%

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BSE                                             NSE

Sensex: 76478.67, down 249.70 points, or 0.3%   Nifty 50: 23865.75, down 80.50 points, or 0.3%

 

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	: 2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	: 2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

US$1 = INR 94.6600

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

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