Indian equity benchmarks opened the week in positive territory on Monday, June 29, 2026, as the BSE Sensex and NSE Nifty 50 registered modest gains in early trade. The Sensex rose 102.39 points, or 0.13 per cent, to 77,202.86, while the Nifty gained 39.00 points, or 0.16 per cent, to 24,095.00.
Institutional Inflows Drive Market Sentiment
Market experts attributed the early resilience to a combination of domestic stability and institutional inflows. Vinit Bolinjkar, Head of Research at Ventura, noted that the domestic indices benefited from institutional participation in the preceding sessions. "Indian markets saw modest FII buying in the week ended 25 June, with provisional cash-market net FII inflows of roughly Rs 380 crore on 25th June, while DIIs remained notable buyers supporting the rally," Bolinjkar said.
He further observed that the trajectory of the market points toward specific sectors that might drive growth in the coming days. "Given steady global cues, easing crude and a resilient domestic macro backdrop, expect a cautiously positive near-term outlook: Range-bound upside with sectoral leadership from financials, tech and select cyclicals, but keep an eye on global risk sentiment and earnings cues for directional conviction," Bolinjkar added.
Mixed Global Cues Provide Context
The early momentum comes against a backdrop of mixed international cues. In the US market, Dow Jones Futures traded up by 0.13 per cent at 51,944.92 points, while the S&P 500 and Nasdaq closed their previous sessions down by 0.05 per cent and 0.24 per cent, respectively. In the Asian zone, the Hang Seng advanced by 2.05 per cent and the Taiwan Weighted climbed 1.29 per cent, even as the Nikkei 225 dropped 0.78 per cent and the KOSPI fell 2.43 per cent.
Commodities Show Mixed Performance
Meanwhile, the commodities market displayed mixed performance across key assets. At the time of filing, Brent Crude stood at USD 72.33, reflecting a positive movement with a gain of USD 0.34, or 0.47 per cent. Crude Oil also gained momentum, standing at USD 69.89 after gaining USD 0.66, or 0.95 per cent. In contrast, Gold experienced a downward trend, trading at USD 4,067.80, dropping by USD 19.21, or 0.47 per cent.
Technical Analysis Points to Key Levels
From a technical standpoint, the market maintains its position within a specified range, according to analysts. Shrikant Chouhan, Head of Equity Research at Kotak Securities, highlighted the critical support and resistance zones that traders need to monitor. "Technically, the market continues to trade in a defined range. On the downside, support is placed near the 50-day SMA at 23,800/76,200, while persistent selling pressure is visible in the 24,200-24,250/77,800-78,000 zone," Chouhan said.
Conversely, he warned of potential corrections if the indices fail to sustain these levels, stating that a breach below 24,000/77,000 may drag the index towards 23,800/76,200, with further weakness potentially extending to 23,650/75,700.
