High
TCSTata Consultancy Services
Broader negative sentiment in IT sector, explicit target cuts from major brokerages, and fundamental re-evaluation due to slowing growth and margin pressures.
below 50DMA support
Daily Report
Daily Report - Mon, 29 Jun, 2026, 12:40 IST
Market Summary
The Indian market closed lower across benchmark indices, with NIFTY 50 declining 0.51% and SENSEX down 0.40%. Market breadth was weak, favoring declines over advances, as sectors like Auto, IT, and Bank saw significant losses. However, NIFTY Pharma and Metal sectors showed resilience with positive closes. Domestic institutional investors provided strong support, offsetting FII selling.
Key Takeaways
- NIFTY 50 and SENSEX ended in negative territory.
- Broad market weakness observed with advance/decline ratio of 18/40.
- NIFTY AUTO (-2.19%), NIFTY IT (-1.30%), and NIFTY BANK (-0.89%) were among the top sectoral losers.
- NIFTY PHARMA (+1.21%) and NIFTY METAL (+0.56%) were the only sectoral gainers.
- Domestic Institutional Investors (DII) were net buyers with 5747.8cr, significantly outweighing FII selling of 383.8cr.
- VIX stands at 14.01, indicating moderate volatility.
Top Stories & Market Intelligence
- Macro & Policy - Reserve Bank of India
RBI Maintains Repo Rate at 5.25% with 'Neutral' Stance
- Global Cues - Economic Times
Indian Markets Expected to Open Mixed to Positive Amid Geopolitical Tensions
- Earnings - Moneycontrol
Shreeram Proteins and A2Z Infra Engineering to Announce Q4 Results
- Sectoral - Business Standard
Banking and Auto Stocks Outperform, IT and Metals Underperform Last Week
- Corporate Actions - Moneycontrol
IRFC OFS Successfully Raises ₹2,084 Crore, Government Exercises Greenshoe Option
IRFC - Stocks in Focus - HDFC Bank
HDFC Bank Legal Review Finds No Evidence for Allegations
HDFCBANK - Macro & Policy - Reserve Bank of India
RBI Issues Revised Framework for Upper Layer NBFCs
- Global Cues - Reuters
Global Markets Mixed; US Tech Sell-off and Asia Negative on US-Iran Conflict
Street Consensus & Brokerage Radar
| Ticker | Brokerage | Action | Target | Rationale |
|---|---|---|---|---|
| GOKALDAS | Motilal Oswal Financial Services Ltd. | buy | 1,110 | Recommended as a 'buy' for the week with strong upside potential. |
| RELIANCE | Motilal Oswal Financial Services Ltd. | buy | 1,655 | Recommended as a 'buy' for the week with strong upside potential. |
| MAXHEALTH | Choice Broking | buy | — | Citing strong bullish momentum. |
| TVSMOTOR | Choice Broking | buy | 3,880 | Specific technical buy call. |
| ASTRAMICRO | Choice Broking | buy | 1,865 | Specific technical buy call. |
| WELSPUNCORP | Choice Broking | buy | 1,590 | Specific technical buy call. |
| POONAWALLA | Choice Broking | buy | — | Noting a falling trendline breakout. |
| MOREPENLAB | Choice Broking | buy | 58 | Specific technical buy call, recommended under ₹100. |
| UCOBANK | Choice Broking | buy | 30 | Specific technical buy call, recommended under ₹100. |
| NHPC | Choice Broking | buy | 87 | Specific technical buy call, recommended under ₹100. |
Corporate Actions & Calendar
| Date | Ticker | Type | Name |
|---|---|---|---|
| 2026-06-29 | A2ZINFRA | results | A2Z Infra Engineering Limited |
FII / DII Activity
FII Net
+383.8 cr
DII Net
+5,747.8 cr
As of 2026-06-28
Market Cues
NIFTY 50
23,932.2
-0.51%SENSEX
76,791.41
-0.40%NASDAQ
25,297.617
-0.24%GOLD
4,096.3
+1.20%INDIA VIX
14.01
+7.36%Market Sectors
NIFTY BANK
57,657.4
-0.89%NIFTY IT
26,976.6
-1.30%NIFTY PHARMA
25,271.75
+1.21%NIFTY AUTO
26,386.55
-2.19%NIFTY METAL
12,515.55
+0.56%NIFTY ENERGY
39,528.35
-0.27%NIFTY REALTY
817.3
-1.08%NIFTY FIN SERVICE
28,855.65
-0.63%NIFTY FMCG
49,182.8
-0.48%Top Gainers & Losers
Top Gainers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| CIPLA | Cipla | 1,477.20 | +2.58% |
| DRREDDY | Dr. Reddy's Laboratories | 1,383.40 | +2.44% |
| HINDALCO | Hindalco Industries | 968.10 | +1.56% |
| COALINDIA | Coal India | 441.00 | +1.29% |
| POWERGRID | Power Grid Corp | 286.85 | +1.04% |
Top Losers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| KOTAKBANK | Kotak Mahindra Bank | 397.45 | -2.82% |
| IOC | Indian Oil | 140.05 | -2.67% |
| EICHERMOT | Eicher Motors | 7,397.50 | -2.64% |
| BPCL | Bharat Petroleum | 301.95 | -2.52% |
| M&M | Mahindra & Mahindra | 3,107.00 | -2.36% |
52-Week High & Low
Near 52-Week High
PIDILITINDPidilite Industries
1,605.40−0.94%
APOLLOHOSPApollo Hospitals
8,645.00−1.02%
SUNPHARMASun Pharmaceutical
1,881.40−1.84%
Near 52-Week Low
INFYInfosys
1,031.90+0.58%
HCLTECHHCL Technologies
1,094.70+0.80%
TCSTata Consultancy Services
2,074.00+0.92%
BRITANNIABritannia Industries
5,134.00+1.97%
Session Close Surveillance
16:15 ISTMarket Close & Portfolio Surveillance
Session Summary
Sell signals detected for IT majors TCS and Infosys due to sector headwinds and fundamental concerns, while Reliance's dip appears to be market-driven noise.
Alerts(2)
Medium
INFYInfosys
Market and sector-wide weakness in IT, target cut by Morgan Stanley, general IT sector challenges, and macroeconomic worries, overshadowing long-term strategic positives.
below 50DMA support
Portfolio Scan
| Ticker | Price | Change | Note |
|---|---|---|---|
RELIANCE Reliance Industries | ₹1,301 | -1.30% | -1.3% vs prev close, vol 0.8x avg — flags: below 50DMA support |
TCS Tata Consultancy Services | ₹2,097.9 | +0.15% | +0.2% vs prev close, vol 0.6x avg — flags: below 50DMA support |
INFY Infosys | ₹1,036.7 | -0.43% | -0.4% vs prev close, vol 1.0x avg — flags: below 50DMA support |
HDFCBANK HDFC Bank | ₹798.9 | +0.33% | +0.3% vs prev close, vol 1.3x avg |
ICICIBANK ICICI Bank | ₹1,387.6 | +0.01% | +0.0% vs prev close, vol 0.9x avg |