The 50-share NSE Nifty fell 109.75 points or 0.46 per cent to close at 23,946.25. File | Photo credit: Getty Images/iStockphoto
Benchmark stock indices Sensex and Nifty closed lower on Monday (June 29, 2026) as renewed hostilities between the US and Iran and rising oil prices rattled investors.
The 30-share BSE Sensex fell 372.10 points, or 0.48 per cent, to close at 76,728.37. On the day, it fell 478.72 points, or 0.62%, to 76,621.75.
The 50-share NSE Nifty fell 109.75 points or 0.46 per cent to close at 23,946.25.
Sensex shares of Kotak Mahindra Bank fell 3.24% after the company said its MD and CEO Ashok Vaswani will retire on completion of his three-year tenure and will not seek reappointment when his current term ends on December 31, 2026.
Mahindra & Mahindra, Maruti, InterGlobe Aviation, UltraTech Cement and Larsen & Toubro were also among the laggards.
On the contrary, Eternal, Trent, Bharat Electronics and NTPC were the winners.
Brent crude, the global oil benchmark, jumped 1.51% to $73.09 a barrel.
“Geopolitical tensions soared over the weekend as the US and Iran traded attacks over the Strait of Hormuz before agreeing to end hostilities and resume talks, containing losses but raising serious questions about the longevity of the deal and raising the risk of a breakdown, leaving headlines of risk and volatility deeply ingrained in the market reaction,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth technology company.
In Asian markets, South Korea’s Kospi Index closed lower, while Japan’s Nikkei 225 Index, Shanghai SSE Composite Index and Hong Kong’s Hang Seng Index ended in positive territory.
European markets were trading lower mid-session.
US markets ended slightly lower on Friday (June 26, 2026).
Stock markets were closed on Friday (June 26, 2026) in observance of Muharram.
Foreign institutional investors (FIIs) bought shares worth ₹383.76 crore on Thursday (June 25, 2026), exchange data showed.
On Thursday (June 25, 2026), the Sensex rose 109.25 points or 0.14 per cent to close at 77,100.47. The Nifty index rose 34.35 points or 0.14 per cent to close at 24,056.
Published – June 29, 2026 4:50 pm EST.