Post Market Analysis | 29 June, 2026

After a quiet start, the market remained under pressure for most of the session. Nifty, Sensex and Bank Nifty all closed lower, and the weakness was visible across the broader market as well. Midcaps and Smallcaps also ended in the red, while declining stocks comfortably outnumbered advancing stocks. Selling was spread across many sectors. Auto stocks saw the biggest decline after leading the rally in recent sessions. IT, Oil & Gas, Chemicals, Cement, Tourism and Logistics stocks also remained under pressure. Healthcare and CPSE were among the few sectors that managed to close in green. There wasn't any major negative trigger today. The market looked more like it was taking a pause after the recent recovery, with traders booking profits in sectors that had run up sharply over the past few weeks. The rupee weakened slightly again and moved back towards 94.5. It has recovered from the recent highs, but it still remains on the weaker side and is something worth watching. From a market structure point of view, today's session wasn't encouraging. • Nifty slipped back below the 24,000 mark • Midcaps and Smallcaps also closed lower • Market breadth turned weak again • Selling was spread across multiple sectors instead of being limited to one or two pockets Tomorrow, traders will watch India's Manufacturing PMI and Services PMI data. These numbers give an early indication of business activity and could influence market direction if they come in much better or weaker than expected. For now, the market is still holding above the recent swing lows, but today's session shows that buyers are becoming cautious near higher levels. The next one or two sessions will be important to see whether this is just a short pause or if the market needs more time to consolidate.