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US-Iran Tension Rattles Indian Stock Markets Today; Still Some Gained in a Gloomy Scenario

WikiFX
| 2026-06-29 22:46

Abstract:Both Sense and Nifty declined on June 29, 2026, amid renewed hostilities between the United States of America and Iran and surging oil prices. The 30-share BSE Sensex fell 372.10 points, recording a 0.48% decline, to finish at 76,728.37 today. The day saw the index fall even more steeply by 478.72 points to 76,621.75 before recovering to 76,728.37. Meanwhile, the 50-share NSE Nifty slumped to below the 24,000 level at 23,946.25, recording a decline of 109.75 from the previous close. Brent crude, the globally popular oil benchmark index, surged by 1.57% to $73.09 per barrel. Even West Texas Intermediate Crude (WTI) price was trading higher by 1% at $69.92 per barrel. On the Multi Commodity Exchange (MCX), the crude oil price for July delivery was higher by INR 46 to INR 6,623 per barrel in 7,088 lots.

ChatGPT Image Jun 29, 2026, 08_17_38 PM (3).png

Both Sense and Nifty declined on June 29, 2026, amid renewed hostilities between the United States of America and Iran and surging oil prices.

The 30-share BSE Sensex fell 372.10 points, recording a 0.48% decline, to finish at 76,728.37 today. The day saw the index fall even more steeply by 478.72 points to 76,621.75 before recovering to 76,728.37.

Meanwhile, the 50-share NSE Nifty slumped to below the 24,000 level at 23,946.25, recording a decline of 109.75 from the previous close.

Brent crude, the globally popular oil benchmark index, surged by 1.57% to $73.09 per barrel. Even West Texas Intermediate Crude (WTI) price was trading higher by 1% at $69.92 per barrel.

On the Multi Commodity Exchange (MCX), the crude oil price for July delivery was higher by INR 46 to INR 6,623 per barrel in 7,088 lots.

Top 10 BSE Losers on June 29, 2026

Stock NameLast Traded Price (INR)Loss (INR)Loss PercentageMarket Capitalization (INR
MARG TECHNO PROJECTS Ltd 3.072.0439.92%19.62 Crore
UHM Vacation Ltd56.6014.1019.94%37.62 Crore
S. V. J. ENTERPRISES Ltd 246.4061.0519.86%137.27 Crore
Oasis Securities Ltd 1.350.3018.18%3.75 Crore
Mahalaxmi Rubtech Ltd 110.7522.2516.73%117.62 Crore
Hindustan Adhesives Ltd253.8048.9516.17%129.85 Crore
Aditya Ispat Ltd 8.331.5715.86%4.46 Crore
Shri Krishna Devcon Ltd 41.387.4215.20%115.86 Crore
Enkei Wheels (India) Ltd 342.4556.3014.12%615.55 Crore
Bang Overseas Ltd 27.484.4914.04%37.26 Crore

Top 10 BSE Gainers on June 29, 2026

Stock NameLast Traded Price (INR)Gain (INR)Gain PercentageMarket Capitalization (INR
Laxmipati Engineering Works Ltd 460.6576.7519.99%264.97 Crore
Silver Pearl Hospitality & Luxury Spaces Ltd 5.050.8419.95%3.97 Crore
IEL Ltd 7.921.2719.10%103.27 Crore
Prakash Pipes Ltd 306.0043.4516.55%731.90 Crore
Cinevista Ltd 18.312.5616.25%105.17 Crore
Bajaj Healthcare Ltd 353.4547.9515.70%1,189.81 Crore
Saksoft Ltd 184.8024.2515.10%2,310.00 Crore
Universal Arts Ltd 5.740.7214.34%5.26 Crore
Hexagon Nutrition Ltd 65.738.2414.33%807.94 Crore
Harikanta Overseas Ltd 82.7010.0913.90%81.59 Crore

Top 10 NSE Losers on June 29, 2026

Stock NameLast Traded Price (INR)Loss (INR)Loss PercentageMarket Capitalization (INR
Kotak Mahindra Bank Limited397.0012.002.93%3,94,876.41 Crore
Mahindra & Mahindra Limited3,10577.202.43%3,86,115.70 Crore
Adani Enterprises Limited2,97038.002.24%3,86,368.79 Crore
Tata Motors Passenger Vehicles Limited345.807.402.10%1,27,352.29 Crore
InterGlobe Aviation Limited5,337.30112.702.07%2,06,370.71 Crore
Maruti Suzuki India Limited13,472.00273.001.99%4,23,563.15 Crore
Bajaj Auto Limited9,664.00179.001.82%2,70,106.71 Crore
TATA CONSUMER PRODUCTS LIMITED1,114.0017.30%1.53%1,10,246.48 Crore
Hindustan Unilever Limited2,145.2029.001.33%5,04,034.32 Crore
UltraTech Cement Limited11,344.00145.001.26%3,34,284.05 Crore

Top 10 NSE Gainers on June 29, 2026

Stock NameLast Traded Price (INR)Gain (INR)Gain PercentageMarket Capitalization (INR
Max Healthcare Institute Limited1,150.0027.652.37%1,11,923.04 Crore
Dr. Reddy's Laboratories Limited1,381.0030.502.26%1,15,268.73 Crore
Coal India Limited442.907.501.72%2,72,947.24 Crore
ETERNAL LIMITED259.154.001.57%2,50,088.84 Crore
Bharat Electronics Limited413.506.301.55%3,02,259.35 Crore
Trent Limited3,265.5049.301.53%1,74,127.01 Crore
Power Grid Corporation of India Limited287.003.101.09%2,66,927.33 Crore
SBI Life Insurance Company Limited1,763.9019.001.09%1,76,961.60 Crore
Hindalco Industries Limited963.009.801.03%2,16,407.91 Crore
NTPC Limited355.002.950.84%3,44,231.65 Crore

Conclusion

Despite heightened geopolitical tensions between the United States and Iran weighing on investor sentiment, the Indian stock market showed resilience by avoiding a steeper sell-off. While the BSE Sensex and NSE Nifty ended the day in the red amid rising crude oil prices, several stocks across healthcare, engineering, energy, and technology bucked the broader trend to post notable gains. This highlights that even during periods of market uncertainty, sector-specific opportunities continue to emerge for discerning investors.

Going forward, market participants are likely to closely monitor developments in the Middle East, global crude oil prices, foreign institutional investor (FII) activity, and upcoming macroeconomic data. Any further escalation in geopolitical tensions could keep volatility elevated, particularly in sectors sensitive to energy costs. Investors should remain cautious, diversify their portfolios, and focus on fundamentally strong companies while avoiding impulsive decisions driven by short-term market swings.

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