Stock Market Today 29 June 2026: Sensex Gains 108 Points, Persistent Dives 9% on Nagarro Acquisition, Pharma Leads
- June 29, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Stock market today 29 June: Sensex 77,208 (+108). Nifty 24,105 (+49). Persistent -8.69%. DRREDDY +3.99%. Pharma top gainer. VIX 13.44. 3-day gap opening.
The stock market today on 29 June 2026 opened on a cautiously positive note after a three-day holiday gap, with the Sensex gaining 108.14 points to 77,208.61 and the Nifty 50 rising 49.50 points to 24,105.50. Indian equities are digesting a busy weekend of corporate announcements including Persistent Systems’s EUR 1.4 billion Nagarro acquisition and Kotak Mahindra Bank’s CEO transition news, while the Nifty Pharma index surges over 1.73% to lead all sectors. The stock market today is the first trading session since 25 June 2026, following the Muharram public holiday on 26 June.
Three macro tailwinds continue to anchor the stock market today: crude oil prices have stabilised in the $72-73 per barrel range after plummeting from above $120 following the US-Iran peace agreement of 15 June 2026, India VIX remains near multi-week lows at 13.44 despite the gap-open volatility, and DII inflows of Rs 66,215 crore in June 2026 provide structural demand support. Against this backdrop, the stock market today is navigating stock-specific shocks in IT and capital goods while finding support in pharma and select financials.
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Stock Market Today: Full Scorecard at 10:35 AM
| Market / Index | Level / Change |
|---|---|
| Sensex (BSE) | 77,208.61 (+108.14, +0.14%) |
| Nifty 50 (NSE) | 24,105.50 (+49.50, +0.21%) |
| Bank Nifty | 58,168.00 (-9.05, -0.02%) – Flat |
| Nifty IT | 27,116.50 (-214.35, -0.78%) |
| Nifty Pharma | 25,402.25 (+432.75, +1.73%) – Best Sector |
| Nifty Auto | 26,722.35 (-255.40, -0.95%) |
| Nifty Next 50 | 71,851.65 (-347.90, -0.48%) |
| India VIX | 13.44 (+0.39, +2.99%) |
| Previous Session | 25 June 2026 (Muharram holiday: 26 June) |
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Stock Market Today: Persistent Systems Dives 8.69% on Nagarro Deal
The dominant stock-specific story in the stock market today is Persistent Systems, which is the biggest laggard among F&O stocks, falling approximately 8.69% to trade around Rs 4,421. Over the weekend, the company’s board announced plans to acquire Nagarro SE, a German-listed digital engineering company, through its subsidiary Galaxy Germany Holding at EUR 81 per share in cash. The offer implies a premium of approximately 140% to Nagarro’s share price before the announcement and about 94% to the three-month volume-weighted average price. Persistent already holds approximately 21% of Nagarro.
The combined entity would have an annual revenue run-rate of approximately $2.9 billion with more than 46,000 employees across 40-plus countries. However, investors in the stock market today are focused on the EUR 1.4 billion in bridge financing required to fund the deal and the significant integration risk of merging operations across India, Germany and other geographies. The large acquisition premium has raised concerns about near-term earnings dilution, pulling Persistent Systems toward its 52-week low zone of Rs 4,449.10.
Stock Market Today: Kotak Bank Down 2.3% as CEO Ashok Vaswani Exits
Kotak Mahindra Bank is among the key movers in the stock market today, trading approximately 2.3% lower after the bank disclosed on Saturday that its Managing Director and CEO Ashok Vaswani will not seek reappointment when his current term ends on 31 December 2026, citing personal reasons. The bank’s board has initiated a succession process. This will be Kotak’s second CEO transition in three years, coming after Uday Kotak’s departure in 2023 and Vaswani’s own appointment in January 2024.
Nomura, which has retained a Buy rating with a target price of Rs 460 on Kotak Bank, said in a note today that Anup Kumar Saha, the bank’s whole-time director for Consumer Banking, Marketing and Data Analytics, is best placed among internal candidates to succeed Vaswani. Saha was appointed to the board in March 2026 and brings experience from ICICI Bank and Bajaj Finance. The market’s reaction in the stock market today reflects uncertainty around leadership continuity at the bank’s critical juncture of digital transformation.
Stock Market Today: Top Movers in F&O
Top Gainers
| Stock | Change / Price |
|---|---|
| Dr. Reddy’s Laboratories (DRREDDY) | +3.99% to Rs 1,404.40 – New 52W High breakout |
| Trent (TRENT) | +2.70% to Rs 3,303 |
| Cipla (CIPLA) | +2.49% to Rs 1,475.90 |
| Max Healthcare Institute (MAXHEALTH) | +2.37% to Rs 1,150 |
| Lupin (LUPIN) | +2.30% to Rs 2,397.40 |
Top Losers
| Stock | Change / Price |
|---|---|
| Persistent Systems (PERSISTENT) | -8.69% to Rs 4,421 – Nagarro acquisition at 140% premium |
| Astral (ASTRAL) | -7.75% to Rs 1,371.60 – Margin decline in Q4 results |
| Supreme Industries (SUPREMEIND) | -4.23% to Rs 3,277.20 |
| Waaree Energies (WAAREEENER) | -3.72% to Rs 2,897.40 |
| GE Vernova T&D India (GVT&D) | -3.35% to Rs 4,874 |
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Stock Market Today: Pharma Sector Drives Broad Gains
The standout sector in the stock market today is Nifty Pharma, up 1.73% to 25,402 and making a weekly chart breakout above the key 25,000 resistance level. The sector rally is driven by the Indian Pharmaceutical Market’s sustained double-digit growth, with May 2026 marking the sixth consecutive month of above-10% year-on-year IPM expansion. Volume, price and new product introduction all expanded simultaneously, a rare combination that supports broad-based gains across domestic pharma names.
Dr. Reddy’s is the pharma standout in the stock market today, breaking above its previous 52-week high to set a fresh annual record. Sun Pharma is approaching its own 52-week high at Rs 1,891, while Cipla and Lupin are contributing meaningfully to the Nifty Pharma index advance. Healthcare services names including Max Healthcare are also participating, suggesting the broader health and wellness theme is attracting capital rotation from underperforming IT and capital goods positions in today’s stock market.
Stock Market Today: Astral Falls 7.75% on Margin Squeeze and Demerger
Astral Limited is another notable loser in the stock market today, declining approximately 7.75% to Rs 1,372 after the company’s latest quarterly results showed a sharp decline in margins in its adhesives and chemicals segment despite overall revenue and profit growth. Jefferies noted that EBIT margins in the adhesives business contracted 55 basis points, describing it as a sharp decline. Motilal Oswal analysts also flagged that rising polymer prices may apply further margin pressure going forward.
The Astral board also approved a composite scheme on 25 June 2026 to demerge its chemicals, adhesives and construction chemicals business into wholly-owned subsidiary Astral Chemie Limited, with shareholders receiving one Astral Chemie share for every Astral share held. While this demerger is strategically intended to create two more focused business entities, the combination of margin disappointment and near-term corporate action complexity is weighing on the stock market today. Supreme Industries is also lower on similar sector concerns about polymer input cost inflation.
Stock Market Today: Outlook for the Rest of the Session
The stock market today is expected to remain rangebound through the session with Nifty support at 24,000 and resistance at 24,200. Bank Nifty is virtually flat as investors balance Kotak Bank’s CEO news against the pre-expiry buying interest ahead of tomorrow’s triple expiry. Crude oil at $72-73 per barrel remains supportive for India’s import bill, and FII flows after the Muharram break will be closely tracked by market participants.
The stock market today will be closely watched for any position-building or unwinding as the June monthly series approaches its Tuesday 30 June expiry. Historical data suggests that the session before a monthly expiry tends to see higher institutional activity and sharper intraday moves in index constituents. Investors with open derivative positions should factor in this increased expiry-eve volatility when managing their stock market today exposure.
Conclusion: Stock Market Today
The stock market today on 29 June 2026 is a session of distinct sector divergence: pharma and select consumer stocks are advancing sharply while IT and capital goods face stock-specific shocks from Persistent Systems and Astral. Sensex is up 108 points to 77,208 and Nifty is up 49 points to 24,105, reflecting a broadly constructive opening after the Muharram holiday gap. The three dominant themes in the stock market today are the Persistent-Nagarro deal impact, the Kotak Bank CEO transition uncertainty and the pharma sector momentum continuation. Keep support at 24,000 and resistance at 24,200 in focus for the rest of the session. Always consult a SEBI-registered financial advisor before making any investment decisions.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Stock Market Today
How is the stock market today on 29 June 2026?
Ans. The stock market today on 29 June 2026 is broadly positive. Sensex is up 108 points to 77,208.61 and Nifty 50 is up 49.50 points to 24,105.50. Markets are reopening after a three-day gap caused by the Muharram public holiday on 26 June 2026. Pharma is the best performing sector with a 1.73% gain, while IT and capital goods are under pressure from stock-specific news.
Why is Persistent Systems falling in the stock market today?
Ans. Persistent Systems is the biggest loser in the stock market today, falling over 8.69% after the company announced over the weekend that it plans to acquire German digital engineering firm Nagarro SE at EUR 81 per share through its subsidiary Galaxy Germany Holding. The deal involves EUR 1.4 billion in bridge financing and implies approximately 140% premium to Nagarro’s recent price, which has raised investor concerns about acquisition cost and integration risk.
What is happening to Kotak Bank shares in the stock market today?
Ans. Kotak Mahindra Bank shares are down approximately 2.3% in the stock market today after the bank announced on Saturday that its Managing Director and CEO Ashok Vaswani will not seek reappointment when his term ends on December 31, 2026, citing personal reasons. This will be the bank’s second CEO transition in three years. Nomura has retained a Buy rating with a target of Rs 460 on Kotak Bank.
Which sector is leading the stock market today?
Ans. The Nifty Pharma index is leading the stock market today with a 1.73% gain to 25,402. Dr. Reddy’s Laboratories is the top F&O gainer at +3.99%, making a new 52-week high. Cipla, Lupin, Sun Pharma and Max Healthcare are also significantly higher, driven by strong domestic IPM growth data and a weekly chart breakout in the Nifty Pharma index.
What is the triple expiry event tomorrow and why does it matter for stock market today?
Ans. Tomorrow, 30 June 2026, is a triple expiry day when Nifty 50 weekly, Nifty 50 monthly and Bank Nifty monthly F&O contracts all expire simultaneously. This is the last trading day of June and a significant institutional event. The stock market today is seeing pre-positioning for this event, which is contributing to intraday volatility and directional movements in banking and index heavyweight stocks.
What were the major macroeconomic factors shaping the stock market today?
Ans. Three key macro factors are shaping the stock market today. First, crude oil at $72-73 per barrel after plummeting from above $120 following the US-Iran peace deal of June 15 is reducing India’s import cost. Second, India VIX at 13.44 reflects low overall market volatility despite the 3-day gap opening. Third, DII net purchases of Rs 66,215 crore in June 2026 continue to provide structural support to the Indian equity market.
What should investors watch in the stock market today?
Ans. Key levels to watch in the stock market today are Nifty 50 support at 24,000 to 24,050 and resistance at 24,200. For Bank Nifty, support is around 57,900 and resistance at 58,500 ahead of tomorrow’s monthly expiry. Investors should monitor FII activity data for the day, pharma sector momentum, and whether Persistent Systems finds a floor after the Nagarro acquisition shock.
