The GIFT Nifty June 2026 futures traded 141.00 points higher, suggesting a positive opening for Indian benchmark indices today. According to reports from Business Standard, this upward movement indicates potential strength in the domestic equity markets following the previous session's rally.
Foreign portfolio investors (FPIs) sold shares worth ₹101.59 crore on June 16, 2026, while domestic institutional investors (DIIs) were net buyers to the tune of ₹1,561.40 crore, as reported by Business Standard. The FIIs have maintained selling pressure throughout the month, with total sales of ₹46,877.96 crore so far in June, following significant outflows of ₹55,963.33 crore in May, ₹70,135.46 crore in April, and ₹122,540.41 crore in March.
Asian markets traded mixed on Thursday as the US Federal Reserve indicated the possibility of a rate hike this year, according to Business Standard. Wednesday marked the first meeting of the Federal Reserve with Kevin Warsh at the helm, where the Fed kept the benchmark federal funds rate unchanged in the 3.5%-3.75% range. The median estimate for year-end interest rate now stands at 3.8%, up from 3.4% in prior projections from March, suggesting at least one rate hike could be in the picture for 2026.
The benchmark indices extended their rally for a fourth consecutive session on Wednesday, supported by broad-based buying across sectors, as reported by Business Standard. The Sensex advanced 347.14 points or 0.45% to 77,155.62, while the Nifty 50 index rose 96.55 points or 0.40% to 24,085.70. In four sessions, the Sensex surged 4.50% and the Nifty gained 3.99%, with PSU banks, metals and consumer durables leading gains, while auto and realty shares lagged.
Despite the positive opening indicators, the upside was capped by concerns over delay in monsoon progress, which raised worries about food inflation and its potential impact on the economy, according to Business Standard. Overnight on Wall Street, stocks fell with the Dow Jones falling 507.12 points or 0.98% to 51,492.55, while the S&P 500 lost 1.21% and the Nasdaq Composite shed 1.34%.
