Pre-Market Brief: Nifty Closes Below 24,000 Mark as FIIs Sell, DIIs Provide Support | 30 Jun 2026, 08:00 AM IST
By Sivam
Indian equities saw a broad decline, with Nifty 50 closing at 23946.25. FIIs turned net sellers, though DIIs offered strong support. Traders eye early cues for Tuesday’s open.
Indian equity markets experienced a broad-based decline on Monday, June 29, with the Nifty 50 closing −110 points, or −0.46%, lower at 23946.25. This marks a close below the crucial 24,000 level. The Nifty Bank also saw significant pressure, shedding −450 points (−0.77%) to settle at 57727.35, while the NIFTY Midcap 100 followed suit, down −228 points (−0.37%) at 61567.30.
The market breadth for the Nifty 50 was nearly balanced, with 26 advances and 24 declines, indicating a mixed sentiment within the frontline index despite the overall downtrend. The selling pressure was largely absorbed by domestic institutional investors.
Index Snapshot
| Name | Close | Change% |
|---|---|---|
| Nifty 50 | 23946.25 | −0.46% |
| Nifty Bank | 57727.35 | −0.77% |
| NIFTY Midcap 100 | 61567.30 | −0.37% |
FII and DII Flows
Foreign Institutional Investors (FIIs) turned net sellers on June 29, offloading equities worth ₹1350.1 crore. This marks a shift from their net buying position in the session on June 25. However, Domestic Institutional Investors (DIIs) continued their robust buying spree, injecting ₹2801.45 crore into the market, thereby providing crucial support and cushioning the impact of FII outflows. Over the last five sessions, DIIs have consistently been net buyers, demonstrating strong domestic confidence.
Sector Watch
Sectoral performance on Monday was predominantly negative. While one sector managed to post gains of +1.03%, several other key sectors experienced declines. The steepest fall was seen in one sector, down −2.08%, followed by others losing −1.07%, −0.95%, −0.90%, −0.64%, and −0.59% respectively. The broad-based nature of these declines suggests widespread profit-booking across various segments.
Top Movers
Among the Nifty 50 constituents, Max Healthcare Institute Ltd. (MAXHEALTH) emerged as the top gainer, rising +2.36% to ₹1149.9. Other notable gainers included Coal India Ltd. (COALINDIA) up +2.17%, and Dr. Reddy’s Laboratories Ltd. (DRREDDY) which advanced +1.87%. On the losing side, Kotak Mahindra Bank Ltd. (KOTAKBANK) led the declines, falling −3.30% to ₹395.5. Mahindra & Mahindra Ltd. (M&M) also saw significant selling pressure, dropping −2.80%, alongside Adani Enterprises Ltd. (ADANIENT) down −2.49%.
What to Watch at 9:15 AM
As markets open on Tuesday, June 30, investors will closely monitor early trading patterns and the continued FII-DII interplay, especially after Nifty’s dip below 24,000. The resilience shown by DIIs in absorbing FII selling will be a key factor in determining the market’s direction at the open.