Pre-Market 29 June 2026: What To Expect As Nifty Holds Above 24,000, Markets Track US-Iran Tensions

Indian equities enter the new week after posting modest gains, despite profit booking at higher levels, completing the four-day trading week in the green.

The Nifty 50 ended Thursday, 25 June 2026, at 24,056, up 34 points, while the Sensex closed 109 points higher at 77,100.47.

What Happened in Thursday's Session?

Both benchmark indices finished the week with gains after advancing in three of the four trading sessions.

Brent crude slipped below $73 a barrel as more tankers resumed movement through the Strait of Hormuz. The decline eased concerns over imported inflation and fuel costs, factors that are closely watched in an economy that relies heavily on energy imports.

Foreign investor activity also showed signs of stabilisation. While inflows remained modest, FPI selling slowed in the second half of June, with overseas investors turning net buyers in five of the last nine trading sessions through 25 June.

Which Factors Could Drive Markets This Week?

Iran launched drone and missile attacks targeting Bahrain and Kuwait following US strikes on Iranian targets and warned that ongoing negotiations could break down if military action continues.

Brent crude fell 1.4% last week to around $72.7 per barrel as more tankers resumed movement through the Strait of Hormuz. Any sharp move in either direction could influence market sentiment in the coming sessions.

A normal rainfall season is generally considered supportive for rural incomes, agricultural activity and consumption-linked sectors such as automobiles, FMCG and rural-focused businesses.

Market participants will watch whether overseas investors continue to return to Indian equities as global risk appetite evolves.

How Did Global Markets Perform?

US markets traded slightly lower on Friday.

On 26 June:

• Dow Jones stood at 51,876.11, down 44.51 points

• S&P 500 traded at 7,354.02, lower by 3.47 points

• Nasdaq stood at 25,297.62, down 60.98 points

Asian markets ended weak on 26 June.

• Nikkei 225 fell 3,005.46 points to 69,360.88

• Hang Seng declined 409.93 points to 22,666.98

• Singapore's Straits Times Index slipped 27.23 points to 5,191.73

European markets also traded lower.

• FTSE stood at 10,508.02, down 21.87 points

• CAC traded at 8,384.87, lower by 46.74 points

GIFT Nifty Update

By 02:29 IST on 27 June, GIFT Nifty was trading at 24,090.50, down 6 points, or 0.02%. The contract remained close to Thursday's Nifty close of 24,056, indicating a largely flat start for Monday's session.

Key Levels To Watch

The Nifty continues to move within a broad trading range.

Support Levels

• 23,800

• 23,500

A fall below 23,800 could increase pressure on the index, while 23,500 is seen as an important support area.

Resistance Levels

• 100-day EMA zone

• 200-day EMA zone

A sustained move above these resistance levels could open the door for a rise towards 24,450-24,600.

Also Read - Gold Tumbles Below $4,000 For First Time Since November 2025

What Should Investors Expect Today?

Markets head into the new week with investors tracking a mix of global and domestic cues.

The spotlight remains on the Middle East after renewed tensions involving the US and Iran. Market participants will watch for further developments on the diplomatic front and any impact on global sentiment.

Back home, movement in crude prices, foreign fund flows and the progress of the monsoon are expected to remain key monitorables through the week.

On the technical front, traders will be watching whether the Nifty can maintain its footing above 24,000 and attempt another move towards the resistance zone highlighted by analysts.

Sources:

Mint

Moneycontrol