Nifty Today: Index at 24,105 as Pharma Sector Rallies; IT and Auto Under Pressure on 29 June 2026

The nifty today is trading at 24,105.50, up 49.50 points or 0.21% as Indian equity markets reopen on 29 June 2026 after a three-day gap following the Muharram public holiday on 26 June. The Nifty 50 opened at 24,061.75, touched a session high of 24,120 and a low of 24,005.45 in the early trade. The opening was broadly flat to mildly positive, absorbing the weekend US market close and the US-Iran peace deal continuity without significant surprise.

The nifty today is being led by the Nifty Pharma index, which is the standout sectoral gainer with a 1.73% advance. Healthcare names including Dr. Reddy’s Laboratories, Cipla, Sun Pharma and Lupin are all trading meaningfully higher. On the downside, the Nifty IT index is the worst sectoral performer, dragged by Persistent Systems which is tumbling over 8% after announcing a major acquisition of German digital engineering company Nagarro SE at EUR 81 per share, representing a significant premium to Nagarro’s pre-announcement price.

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Nifty Today: Why Markets Are Opening After a Three-Day Gap

The nifty today session is the first trading day since 25 June 2026, as the Indian market was closed on 26 June on account of Muharram with Saturday and Sunday completing the extended break. A three-day gap amplifies overnight news accumulation including the US Friday closing, the Iran-US peace process weekend developments and Asian market openings, all of which fed into the nifty today opening gap. GIFT Nifty futures provided the pre-open directional signal ahead of the 9:15 AM session start.

An important context for the nifty today session is tomorrow’s triple expiry on 30 June 2026, when the Nifty 50 weekly contract, Nifty 50 monthly contract and Bank Nifty monthly contract all expire simultaneously. Monday’s session is expected to see institutional pre-positioning for this mega expiry event, which can create directional moves and sharp intraday swings in index heavyweights as traders build fresh monthly series positions.

Nifty Today: Key Levels at a Glance

Market Indicator	Level / Change
Nifty 50 (NSE)	24,105.50 (+49.50, +0.21%)
Sensex (BSE)	77,208.61 (+108.14, +0.14%)
Bank Nifty	58,168 (-9.05, -0.02%) – Flat
Nifty IT	27,116.50 (-214.35, -0.78%)
Nifty Pharma	25,402.25 (+432.75, +1.73%) – Top Gainer
Nifty Auto	26,722.35 (-255.40, -0.95%)
India VIX	13.44 (+0.39, +2.99%)
Session Open	24,061.75
Session High	24,120.00
Session Low	24,005.45
Previous Close	24,056.00 (25 June 2026)

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Nifty Today: Pharma Sector Drives the Advance

The Nifty Pharma index is the top sectoral gainer in today’s nifty today session, adding 1.73% to trade at 25,402. The sector is benefiting from a continuation of the structural re-rating triggered by strong Indian Pharmaceutical Market growth data, which recorded 12.1% year-on-year expansion in May 2026. This marks the sixth consecutive month of double-digit domestic IPM growth, driven simultaneously by volume, pricing and new product introduction improvements.

Dr. Reddy’s Laboratories is the top gainer in the nifty today session among F&O stocks, up approximately 4% and surpassing its previous 52-week high, marking a technical breakout to fresh annual levels. Cipla is adding 2.49%, Lupin 2.30%, and Max Healthcare 2.37%, reflecting broad-based sector strength. The Nifty Pharma index’s weekly chart breakout above the 25,000 resistance level is adding momentum to pharma names in today’s nifty today session.

Nifty Today: IT and Capital Goods Weigh on Gains

Persistent Systems is the biggest drag in the nifty today session, falling over 8% following the announcement that the company plans to acquire German digital engineering firm Nagarro SE at EUR 81 per share through its subsidiary Galaxy Germany Holding. The deal implies a significant premium of approximately 140% to Nagarro’s recent market price and involves EUR 1.4 billion in bridge financing. The scale of the acquisition premium and the financing requirement have unsettled investors, pulling the Nifty IT index down 0.78% in the nifty today session.

Astral Limited is also a significant laggard in the nifty today session, falling approximately 7.75% after its latest quarterly results flagged a sharp decline in margins in the adhesives segment. Jefferies noted that EBIT margins in adhesives contracted 55 basis points, describing it as a sharp decline. The company also announced a 1:1 demerger of its chemicals business into Astral Chemie, adding near-term uncertainty to the stock. Capital goods names including Waaree Energies and GE Vernova T&D India are also under pressure in today’s nifty today session.

Nifty Today: Key Events and Triggers to Watch

The nifty today session will be shaped by two dominant factors. First, Kotak Mahindra Bank announced over the weekend that its MD 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 the search for a successor. Kotak Bank shares are trading approximately 2.3% lower in the nifty today session as investors process this leadership transition, which will be the second CEO change in three years. Nomura has retained a Buy rating with a target of Rs 460 on Kotak Bank.

The second major factor for the nifty today and tomorrow is the triple expiry on 30 June 2026, the last Tuesday of June 2026, when Nifty 50 weekly, Nifty 50 monthly and Bank Nifty monthly contracts all expire together. India VIX has ticked up to 13.44 from 13.05 at the previous close, reflecting the expected volatility from the three-day gap opening combined with tomorrow’s expiry event. Institutional pre-positioning for Bank Nifty monthly series will be the primary driver of intraday momentum in banking stocks throughout today’s nifty today session.

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Nifty Today: Support and Resistance Levels

Based on the current price action in the nifty today session, 24,050 is the immediate support level as it aligns with the three-day gap opening reference point. A sustained move below 24,000 would indicate selling pressure and could invite further weakness toward the 23,950 to 23,900 zone, which represents a key technical floor. On the upside, 24,200 is the immediate resistance for the nifty today session, and a breakout above this level would open the path toward 24,400 to 24,600 as highlighted in technical analysis for the week.

India VIX at 13.44 remains at a low level despite the 3% intraday uptick, suggesting that the overall fear gauge is still compressed and supportive of the current constructive market structure. The DII buying of Rs 66,215 crore in June 2026 continues to provide a structural demand cushion under the nifty today and for the broader market through the quarter end.

Conclusion: Nifty Today

The nifty today on 29 June 2026 is trading at 24,105 with a mild positive bias, driven by the pharma sector rally while IT and capital goods face headwinds. The session is shaped by a three-day gap after the Muharram holiday, Persistent Systems’s Nagarro acquisition announcement, Kotak Bank’s CEO transition news and pre-expiry positioning for tomorrow’s triple expiry. Key support for the nifty today is at 24,000 and key resistance is at 24,200. Investors should track the nifty today levels alongside sector rotation signals before making any trading or investment decisions. Always consult a SEBI-registered financial advisor before investing.

Frequently Asked Questions on Nifty Today

Where is Nifty today on 29 June 2026?

Ans. Nifty today on 29 June 2026 is trading at 24,105.50, up 49.50 points or 0.21% from the previous close of 24,056. The session opened at 24,061.75 with a high of 24,120 and a low of 24,005.45 in early trade. This is the first trading session after the three-day market holiday gap caused by the Muharram public holiday on 26 June 2026.

Which sector is performing best in the Nifty today?

Ans. The Nifty Pharma index is the top performing sector in the nifty today session, gaining 1.73% to trade at 25,402. Dr. Reddy’s Laboratories (+3.99%), Cipla (+2.49%) and Lupin (+2.30%) are among the top pharmaceutical gainers, supported by strong domestic IPM growth of 12.1% year-on-year in May 2026.

Why is the Nifty IT sector falling today?

Ans. The Nifty IT sector is down 0.78% in today’s nifty session, primarily dragged by Persistent Systems, which has fallen over 8% after announcing plans to acquire German digital engineering company Nagarro SE at EUR 81 per share with EUR 1.4 billion in bridge financing. The acquisition premium of approximately 140% to Nagarro’s recent market price has unsettled investors.

What is the support and resistance level for Nifty today?

Ans. In today’s nifty session, the immediate support is at 24,000 to 24,050, which also coincides with the three-day gap opening reference. A break below 24,000 could trigger selling toward 23,950. On the upside, 24,200 is the key resistance for the nifty today session, and a breakout above this level could open the path toward 24,400.

What is the India VIX reading today?

Ans. India VIX is trading at 13.44, up 0.39 points or approximately 3% from the previous close of 13.05. While the uptick reflects some opening gap uncertainty, VIX remains at a historically low level, indicating that overall market fear is contained and conditions are broadly supportive of current Nifty levels.

What is the triple expiry event tomorrow and how does it affect Nifty today?

Ans. Tomorrow, 30 June 2026, is a triple expiry day when the Nifty 50 weekly contract, the Nifty 50 monthly contract (last trading day of June) and the Bank Nifty monthly contract all expire simultaneously. This creates significant institutional pre-positioning activity on Monday, which is influencing intraday momentum in Nifty today, particularly in banking stocks.