Gift Nifty Signals Strong Open for Markets on Monday; Iran-US Talks in Switzerland Lift Global Sentiment

Mumbai, June 22: Indian markets point to a strong open on Monday morning thanks to soaring Gift Nifty futures, increasing global risk appetite and cautious optimism after Iran and the United States held the first round of high-level talks in Switzerland over the weekend. Sentiment on Wall Street was strong heading into the weekend with both the S&P 500 and Nasdaq closing firmly in the green on Friday night which is adding fuel to the fire as we start early trade. 

Gift Nifty 

Gift Nifty Futures for June 30, 2026 contract were trading at 24,146 up 97.50 points or 0.41% as of 7: 31 am on June 22, 2026, signalling a gap up open for the Sensex and Nifty 50 when Indian markets open on Monday morning. 

Iran & US Hold Talks in Switzerland 

The first round of high-level talks between Iran and the US ended in Switzerland’s mountain resort of Buergenstock on Monday after mediators Qatar and Pakistan announced a joint roadmap agreement to hammer out a final deal within 60 days. Technical talks will continue through the week despite Iran temporarily closing the Strait of Hormuz again on Sunday night after they accused the US and Israel of violating the interim peace deal agreement. US delegation was led by Vice President JD Vance with Iranian delegation headed by Foreign Minister Abbas Araqchi who confirmed that Tehran had received waivers on oil and petrochemical exports as part of the framework agreement. Although talks between Iran and the US had got off to a rocky start with Trump tweeting threats of attacking Iran once again before again softening his stance and Iran refusing to return to negotiations initially, both nations confirmed topics discussed included nuclear issues as well as Lebanon, the safe passage of ships through the Strait of Hormuz. 

Asian Markets 

Asian markets traded weak on Monday morning as Iran shut the Strait of Hormuz again overnight and investors digest mixed signals coming out of Switzerland over the weekend. Hong Kong’s Hang Seng Index led losses shedding 1.84% in early trade, followed by Pakistan’s KSE 100 index dropping 1.36% and Thailand’s SET index which was down 0.79%. Japan’s Nikkei 225 bucked the regional trend higher rising 1.85% with a weakening yen and tech optimism outweighing lingering caution among investors. 

US Markets on Friday 

US markets closed Friday’s session firmly in the green with the S&P 500 Index rising 1.08% to close at 7,500.58 while the Nasdaq Composite Index climbed 1.91% to close at 26,517.93. The Dow Jones Industrial Average bucked the tech rally uptrend rising 0.14% to close at 51,564.70 ending trading on Wall Street Friday on a positive note. The indexes were lifted by strength across technology shares despite a drubbing for Indian IT stocks after Accenture cut its full-year forecast and issued a cautious commentary on business conditions in the Middle East where it expects business to be hurt by $400 million. 

Oil Prices 

International benchmark Brent crude futures rose 0.67% to $81.11 a barrel in early trade on Monday after Iran slowed shipping through the Strait of Hormuz on Sunday evening. US West Texas Intermediate crude rose 2.64% to $78.62 per barrel on Monday ahead of the expiring contract’s expiry. Traders kept any USD strength in check on Iran news with some analysts saying Iran will likely slow down tanker traffic through the Strait again later in the week to keep pressure on oil markets. 

Sensex and Nifty on Friday 

Indian benchmark indices broke a five-session winning streak Friday with the BSE Sensex closing 607 points or 0.78% lower at 76,802.90. NSE Nifty 50 ended lower by 154.90 points or 0.64% to trade at 24,013.10. Indian markets snapped the winning streak due to heavy selling pressure in IT stocks after Accenture said it would take a $400 million hit to business from the Middle East and its quarterly revenue guidance came in below expectations. 

Source

•  nseindia.com
• https://www.reuters.com/world/asia-pacific/us-iran-talks-go-into-day-2-after-trump-threats-hormuz-closure-2026-06-22/
• https://www.reuters.com/markets/stocks/asia-pacific/
• https://www.reuters.com/business/energy/brent-oil-rises-more-than-1bbl-after-bumpy-start-us-iran-peace-talks-2026-06-21/