📊 Market Summary
The Indian stock market closed on a cautious note on 29 June 2026, with the NIFTY showing a bearish bias. Among the ~200 actively traded F&O stocks, 73 advanced while 120 declined, reflecting broad weakness. The average price change was down by 0.45%, indicating selling pressure across sectors. Market openings were mixed, with many stocks starting below their previous day’s fair value zone.
🏆 Top Gainers & Losers
Metals & Mining stocks led the gains, with VEDL up 4.24% and NATIONALUM rising 4.05%, both supported by strong buying from the opening bell and aggressive buying near the lows. KEI from the Infrastructure sector gained 4.07% on higher-than-average volume and early upward price rejection. NHPC and BHEL also posted solid gains, supported by strong directional moves from the open.
On the downside, PERSISTENT was the biggest loser, plunging 11.44% on heavy volume, signaling strong selling pressure. Infrastructure names ASTRAL and SUPREMEIND also fell sharply by over 6%, weighed down by a double distribution day indicating wide price acceptance at lower levels. Energy stock HINDPETRO and Chemicals player PIIND declined more than 4%, while banking and automobile sectors saw moderate losses.
🏭 Sector Scorecard
| Sector | Avg % Change | Stocks Count |
|---|---|---|
| Metals & Mining | +1.31% | 10 |
| Pharmaceuticals | +1.00% | 16 |
| Telecom | +0.73% | 3 |
| Diversified | -0.25% | 35 |
| Banking & Finance | -0.36% | 56 |
| Energy & Oil | -0.40% | 17 |
| FMCG | -0.61% | 14 |
| Realty | -0.72% | 6 |
| Cement | -0.92% | 5 |
| Infrastructure | -0.92% | 26 |
| Chemicals | -1.31% | 5 |
| Automobile | -1.60% | 16 |
| Information Technology | -1.76% | 12 |
💰 FII/DII Activity
Data as of 25 June 2026 shows that Foreign Institutional Investors (FIIs) maintained a bullish stance with a net futures long position of 429,182 contracts and a total net long of 751,758 contracts across futures and options. Domestic Institutional Investors (DIIs), however, held a net short futures position of nearly 3.95 million contracts, indicating selling pressure from domestic funds. This divergence suggests FIIs are optimistic while DIIs remain cautious.
📰 News That Moved Markets
- Enterprise value to EBITDA forward of Anubhav Plast Limited showed a bullish signal, attracting some investor interest.
- Defence stocks surged 7% after a company announced a date to consider issuing equity shares, boosting sentiment in the sector.
- ESDS is preparing for its IPO, aiming to become India’s first listed data centre operator with a ₹720-crore issue.
- Goldman Sachs recommended India’s 30-year bonds, citing easing inflation risks, which may support bond markets.
- Hindustan Aeronautics Ltd shares slipped 2% despite approval of the FY26 final dividend, reflecting profit booking.
📈 Volume & Smart Money Signals
Volume surged above 1.5 times average in 60 stocks, indicating strong participation. Notably, KEI and NHPC saw volume well above average, supporting their gains. High delivery percentages in stocks like CHOLAFIN (72%), NAUKRI (71%), and PETRONET (70.9%) suggest strong institutional interest and confidence in these names.
🔮 Under the Hood: Market Structure
Today’s market structure was predominantly bearish. The majority of stocks opened below the previous day’s fair value zone (81 stocks), indicating early weakness. There were more strong downward moves from the opening bell (44) than upward (27), reinforcing the bearish tone.
The most-traded price levels (Point of Control) generally shifted lower, with the price range where most trading occurred (Value Area) expanding downward in many cases. Selling tails—signs of heavy selling near the day’s highs—were more frequent (68) than buying tails (44), showing sellers dominated at resistance levels.
Rapid price moves without much trading activity left behind (single prints) were more common on the downside (22) than upside (9), highlighting swift declines. Day types were mostly normal with downward variation, reflecting a market struggling to hold gains and trending lower in many stocks.
⚡ F&O Highlights
No stocks were placed on the F&O ban list today, indicating smooth trading conditions. The next weekly and monthly expiry is scheduled for 30 June 2026, which may bring increased volatility and volume tomorrow.
🎯 Stocks to Watch Tomorrow
- KEI – Strong volume and buying tail suggest continued momentum in infrastructure.
- PERSISTENT – After a sharp 11% drop, watch for possible rebound or further weakness in IT.
- NHPC – High volume and strong directional move could extend gains in the energy sector.
- ANUBHAV PLAST LIMITED – Bullish valuation signals may attract fresh interest.
- CHOLAFIN – High delivery percentage indicates institutional accumulation worth monitoring.
📐 Key Levels for Tomorrow
- NIFTY Support: 18,250
- NIFTY Resistance: 18,450
- Bank NIFTY Support: 43,800
- Bank NIFTY Resistance: 44,500
- Fair Value Zone: Expect price to oscillate between 18,250 and 18,450 for NIFTY based on recent trading activity.
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