Benchmark indices Sensex and Nifty drifted lower in early trade on Tuesday, June 30, 2026, amid uncertainty over the next round of US-Iran negotiations in Doha. Fresh foreign fund outflows and a decline in blue-chip IT stocks also weighed on market sentiment.
Market Performance
The 30-share BSE Sensex declined 103.95 points to 76,624.42 in early trade, paring its opening gains. The 50-share NSE Nifty dropped 40.10 points to 23,908.80. According to exchange data, Foreign Institutional Investors offloaded equities worth Rs 1,350.10 crore on Monday, adding to selling pressure.
Sectoral Trends
From the Sensex pack, major laggards included Infosys, Tata Consultancy Services, Tata Steel, HCL Tech, Hindustan Unilever, and Eternal. On the other hand, Maruti, Axis Bank, Power Grid, and Bharti Airtel were among the gainers, providing some support.
Global Cues
Brent crude, the global oil benchmark, traded 0.56% lower at USD 72.74 per barrel. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, and Shanghai's SSE Composite index quoted higher, while Hong Kong's Hang Seng index traded lower. The mixed global cues reflected ongoing uncertainty surrounding the US-Iran negotiations.
