Gift Nifty Ends Near 24,104, Points to a Flat-to-Positive Open for Markets on Tuesday

Mumbai, June 22: Gift Nifty is signalling a cautiously positive start for Indian equity markets when they reopen on Tuesday, with the near-month contract spending most of Monday’s session comfortably above the 24,100 mark before a mild late-session pullback, leaving the directional bias tilted modestly to the upside ahead of the 9:15 am opening bell. 

Gift Nifty’s near-month contract — the FUTIDX 30-Jun-2026 — was trading at 24,103.50, up 55 points or 0.23%, at the time of writing, after opening at 24,044 and ranging between an intraday low of 24,044 and a high of 24,183.50. The contract surged sharply in the opening minutes to touch its session peak just before 08:00, then spent the bulk of the day in a steady sideways grind between 24,100 and 24,160, before easing off in the final ninety minutes to settle near the 24,100 level — still comfortably above the opening print. 

The July contract (FUTIDX 28-Jul-2026) was trading at 24,184.00, up 11.50 points or 0.05%, reflecting a more measured tone further out the curve, with the modest premium to the near-month contract suggesting the market is not pricing in any sharp directional move in either direction for the sessions ahead. 

The intraday chart captures the mood of the day well — an early spike to the high driven by the positive open, followed by a long, largely uneventful plateau that held the 24,100–24,160 corridor with discipline for several hours, before a gradual drift lower in the afternoon brought the contract back toward 24,100 into the close. The absence of any sharp selling and the steadiness of the midday range points to a market that is broadly comfortable at current levels, neither eager to chase higher nor under meaningful pressure to sell. A Nifty 50 opening in the 24,080–24,150 zone on Tuesday appears well within reach if overnight cues stay neutral. 

That said, this projection holds only if the macro and geopolitical backdrop remains broadly as it stands now. If the US-Iran 60-day roadmap agreed upon in Switzerland continues to hold, oil markets stabilise and no fresh escalation emerges in West Asia or Lebanon overnight, Tuesday’s opening should track closely with current Gift Nifty levels. Any unexpected deterioration in the ceasefire framework or a fresh Hormuz closure announcement before dawn could quickly shift the calculus before the bell rings. 

Source

• nseix.com | Gift Nifty intraday data as of Monday evening session, June 22, 2026. Session ongoing at time of writing.