The Indian stock market is likely to open on a flat note amid weakness in global markets, as renewed escalation in the Middle East kept investors cautious. GIFT Nifty also indicates a flat start, trading at 24,093 with a discount of 9 points from its previous Nifty futures close.

On Friday, the Sensex gained 109.25 points or 0.14% to finish at 77,100.47, while the Nifty 50 gained 34.35 points or 0.14% to settle at 24,056.

The Indian rupee opened with marginal gains at Rs. 94.35 per dollar on Monday, up from Thursday's close of Rs. 94.40.

Foreign Institutional Investors (FIIs) turned net buyers in Indian equities after being net sellers for the last five sessions. On June 25, 2026, FIIs net sold shares worth Rs. 384 crore, DIIs net bought Rs. 5,748 crore.

Sensex Outlook

The Sensex formed a High Wave candle on the weekly chart for the second consecutive week, highlighting indecision among traders.

Sensex held above 77,000, keeping the near-term tone positive. Resistance sits at 77,800-78,000. A clean break above that zone would strengthen the bullish case, said Aakash Shah, Research Analyst at Choice Equity Broking. 

"On the downside, the 76,200-76,400 zone is expected to act as a strong support area and may continue to attract buying interest from positional investors. A sustained move below this support band could trigger renewed consolidation and lead to short-term profit-booking," he added.

Nifty 50 Outlook

The Nifty 50 formed a small bearish candle with a long upper shadow on the daily chart, indicating profit booking after a strong intraday rally. 

"Nifty in the coming session will face immediate resistance around 25,250-25,300 levels, being the confluence of last week's high and the gap down area of 8th May 2026. While immediate support is placed at 23,900-23,800 levels. We believe dips should be used as a buying opportunity," said Bajaj Broking.

Bajaj Broking further noted that the key short-term support zone lies between 23,500 and 23,600, while a major resistance is seen around 24,600.

The brokerage added that the overall market structure continues to remain positive and expects the Nifty to gradually move towards the 24,500-24,600 range over the coming weeks.

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Bank Nifty Outlook 

On Friday, Bank Nifty rose 26.70 points or 0.05% to close at 58,177.05, forming a small-bodied candle with an upper wick, suggesting some profit booking at higher levels. 

"Going ahead bias remains positive and the index is to gradually head towards 59,200 levels in the coming sessions, being the 138.2% external retracement of the previous decline 57456-52783," said Bajaj Broking Research.

Analysts pointed out that the last two weeks' lows are clustered around the 57,000 mark, making it an important support level for Bank Nifty. As long as the index holds above this level, the short-term trend is expected to remain favourable.