Opening Bell: Nifty Opens Slightly Down at 24039; Early Trade Shows Mixed Sectoral Moves | 29 Jun 2026, 09:25 AM IST
By Sivam
Nifty 50 opens at 24039.20, down 17 points from its previous close. Early trade indicates a cautious start with a slight negative bias, as investors digest recent FII flows.
The Indian equity market opens Monday with the Nifty 50 registering a marginal gap-down. At 9:15 AM IST, the benchmark index opened at 24039.20, a decline of −17 points or −0.07% from its previous close of 24056.00.
Early trade indicates a cautious start to the week. Market breadth on the Nifty 50 shows zero advances and zero declines in the initial minutes, suggesting a tight consolidation around the opening levels. Investors are closely watching for clearer directional cues as the session progresses.
| Index | Open (Points) | Change (Points) | Change (%) |
|---|---|---|---|
| Nifty 50 | 24039.20 | −17 | −0.07% |
Among the Nifty 50 constituents, Nestle India Ltd. (NESTLEIND) leads the gainers, up +0.51% at ₹1409.8. Other early gainers include Bharat Electronics Ltd. (BEL) at ₹408.5, up +0.32%, Interglobe Aviation Ltd. (INDIGO) at ₹5462, up +0.22%, Power Grid Corporation Of India Ltd. (POWERGRID) at ₹284.5, up +0.21%, and Kotak Mahindra Bank Ltd. (KOTAKBANK) at ₹409.75, up +0.18%.
Conversely, Larsen & Toubro Ltd. (LT) is among the top losers, trading at ₹4202.1, down −0.34%. Ultratech Cement Ltd. (ULTRACEMCO) is also down −0.30% at ₹11455. Other stocks experiencing early declines include Asian Paints Ltd. (ASIANPAINT) at ₹2640, down −0.20%, JIO Financial Services Ltd. (JIOFIN) at ₹239, down −0.18%, and Tata Motors Passenger Vehicles Ltd. (TMPV) at ₹352.6, down −0.17%.
In the two preceding trading sessions, Foreign Institutional Investors (FIIs) showed mixed activity. On June 25, FIIs recorded net purchases of +₹383.76 crore. However, on June 24, they were net sellers, offloading −₹1843.4 crore. Domestic Institutional Investors (DIIs) consistently provided support, with net purchases of +₹5747.75 crore on June 25 and +₹3637.26 crore on June 24.
The market awaits further cues from global markets and domestic institutional activity to establish a clear trend. Watch for initial sector rotations and volume build-up over the next 30 minutes.