GIFT Nifty June 2026 futures currently traded 45.50 points lower, suggesting a mildly green opening for the benchmark index today, according to latest data. This represents a significant improvement from Thursday's trading levels, when GIFT Nifty futures jumped over 280 points on Friday morning at 7:45 AM, indicating a sharp gap-up opening for Indian stock market indices. The India VIX, a measure of market fear, fell 0.12% to settle at 15.61 levels, reflecting improved investor sentiment and reduced volatility expectations. GIFT Nifty's importance spikes during major global events falling outside Indian market hours, with the contract trading approximately 21 hours a day across two sessions from 6:30 AM to 3:40 PM and 4:35 PM to 2:45 AM. As reported by The Economic Times, the strongest signal comes when GIFT Nifty, FII-DII flow data, and Option Chain positioning all point in the same direction.
Foreign portfolio investors (FPIs) sold shares worth ₹1,987.09 crore, while domestic institutional investors (DIIs) were net buyers to the tune of ₹4,224.51 crore in the Indian equity market on 11 June 2026, according to provisional data. The FIIs have sold shares worth ₹45,348.24 crore so far in June (till 11 June 2026), following their cash sales of ₹55,963.33 crore in May, ₹70,135.46 crore in April and ₹122,540.41 crore in March. This continued selling pressure from foreign investors has been a key factor in market volatility, with the benchmark indices erasing early gains and ending lower on Thursday as investors turned cautious amid escalating US-Iran tensions, persistent FII selling and higher-than-expected US inflation data.
Indian equities witnessed a strong rally on June 12, with the Sensex surging 1,695.40 points (2.30%) to 75,527.95 and the Nifty gaining 461.30 points (1.99%) to settle at 23,622.90, reclaiming and closing comfortably above the 23,600 mark. As per Goodreturns, the rally was driven by aggressive short covering and improving global sentiment, with optimism surrounding a potential US-Iran peace deal, a decline in crude oil prices below the $88 mark, a sharp recovery in the Indian rupee, and supportive global cues collectively fuelling buying interest throughout the session. The Nifty witnessed a strong rally of 2% on Friday's session and closed at the high point of the week, forming a strong bullish candle with a higher high and higher low signaling continuation of the up move. The index closed above the 20 days EMA and above the last two weeks range of 23,550-23,000, highlighting strength and continuation of the up move.
US President Donald Trump confirmed that the US and Iran could soon sign a peace deal, with Trump telling reporters in the Oval Office that a deal between the US and Iran would have a signing soon, and the documents are in pretty final shape. Trump added that under the deal, Iran will never have a nuclear weapon, providing clearer clarity on the potential agreement. Asian markets traded in the green on Friday after President Donald Trump signaling that the U.S. and Iran could soon sign a peace deal, with Japan's Nikkei 225 soaring by 3.2%, while South Korea's Kospi surged 6.01% at the start. Overnight on Wall Street, US equities gained on Thursday, boosted by a rebound in chip stocks, after President Donald Trump called off the strikes on Iran scheduled for this evening and said the US is going to soon sign a deal with the country. The S&P 500 and Dow rose strongly, small caps and the Nasdaq led the charge, with the Philadelphia Semiconductor Index surging close to 8% and the AI complex roaring back.
From a technical standpoint, analysts highlight that the Nifty has strengthened its bullish structure, with the index sustaining above Friday's low of 23,313 keeping the bias positive and opening upside towards 23,800 and 24,000 levels in coming sessions. According to Goodreturns, the confluence of the 50 days EMA and higher band of the last 2 months falling channel could drive the index towards these levels. For Bank Nifty, the outlook remains constructive as momentum builds across banking stocks, with the index closing firmly above the 50 days EMA and the neckline of the bullish double bottom formation. Bajaj Broking Research expects the index to maintain positive bias and head towards 57,500 levels in coming sessions, being the high of April 2026. Market experts believe the ongoing geopolitical developments could continue to influence sentiment in coming sessions, with easing concerns surrounding the US-Iran conflict improving global risk sentiment.
