Indian equities pulled back Tuesday after a strong Monday session, with the Sensex slipping around 100 points and the Nifty dropping below 24,100. The retreat came as investor sentiment soured on renewed concerns over the Iran-US conflict and a sharp rise in oil prices. Higher crude prices are a direct pressure point for India, which imports most of its oil and faces wider trade deficits and fuel inflation when prices spike. Despite the headline index weakness, broader markets held up. The Nifty Smallcap 100 and Nifty Midcap 100 both posted gains, suggesting selective buying continued outside large-cap stocks. India VIX, which measures expected market volatility, declined during the session, an unusual split from the index dip, indicating traders are not broadly pricing in panic. The key watch points remain crude oil trajectory and any escalation or de-escalation signals in the Iran-US standoff, both of which carry direct consequences for Indian inflation and current account pressure.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
