Gift Nifty Today, June 23, 2026: Flat-to-Negative Open Likely as Gift Nifty Futures Trades in Red; Iran Progress Cushions Fall

Mumbai, June 23: Domestic equity markets are set for a flat-to-negative open on Tuesday, with Gift Nifty futures pointing to a soft start on Dalal Street. While the US-Iran diplomatic process has yielded tangible progress — including a 60-day sanctions waiver that pushed crude oil prices sharply lower — residual caution over unresolved nuclear issues and mixed global cues are tempering any outright bullish sentiment heading into the session. 

Gift Nifty futures were trading at 24,115.00, down 101.00 points or 0.42%, as of 8:07 am on June 23, 2026. The reading sits below Monday’s Nifty 50 closing level of 24,102.90, suggesting the index could open marginally lower or broadly flat, with the immediate direction likely to be shaped by early institutional flows and the tone of Asian markets at the Indian open. 

Iran War 

The United States on Monday granted Iran a 60-day waiver on sanctions, allowing Tehran to sell oil and petrochemical products and receive payment through at least August 21, marking the first concrete economic concession under the nascent interim peace deal. US Vice President JD Vance said the Switzerland talks had laid “a very good foundation” for a permanent agreement, with Tehran agreeing in principle to nuclear inspections and mechanisms to manage its frozen assets abroad, though Iran’s Foreign Ministry denied that nuclear issues had been formally discussed. A sustained lull in fighting in Lebanon was reported since Saturday night, with a hospital director in the heavily bombarded city of Nabatieh describing it as the longest-held ceasefire since the war began, even as coffins from Saturday’s wave of Israeli strikes were buried during the pause. Technical-level talks are set to continue through the rest of the week in Buergenstock, with Washington and Beirut also scheduled to begin a new round of Lebanon-specific negotiations in Washington on Tuesday. 

Asian Markets 

Asian markets were trading on the weaker side on Tuesday morning, with most major indices in the red as caution prevailed after Monday’s sharp sell-off in crude oil clouded the outlook for energy-heavy markets. Japan’s Nikkei 225 fell 0.91% to 71,693.41, while Hong Kong’s Hang Seng declined 0.44% to 23,664.34 and Indonesia’s JSX Composite dropped 0.98% to 6,116.69. Malaysia’s FTSE Bursa KLCI slipped 1.06% to 1,693.95, Pakistan’s KSE 100 eased 0.25% to 1,78,471.87, and Australia’s S&P ASX All Ordinaries edged down 0.03% to 9,028.30. Vietnam’s HNX 30 was the exception, adding 0.28% to 525.00, while the Shanghai Composite shed 0.11% to 4,158.34. 

US Markets

US markets ended Monday’s session in a mixed fashion, with the Dow Jones Industrial Average gaining 0.29% to close at 51,712.71 and the NYSE Composite rising 0.41% to 23,596.22, even as technology stocks retreated sharply. The Nasdaq Composite fell 1.32% to 26,166.60 and the S&P 500 declined 0.37% to 7,472.79, as investors rotated out of high-growth names following the Iran sanctions waiver that reduced near-term geopolitical risk premium. The S&P/TSX Composite in Canada bucked the negative tech trend to end 0.42% higher at 35,002.18. 

Oil Prices 

Oil prices rebounded modestly on Tuesday after a sharp decline in the previous session, with Brent crude gaining 0.38% to $78.15 a barrel and US West Texas Intermediate rising 0.46% to $74.19 a barrel as of early Asian trade, according to Reuters. Prices had fallen more than 3% on Monday after the US granted Iran the 60-day sanctions waiver and officials reported a lull in hostilities in Lebanon, removing some of the near-term geopolitical premium that had kept crude elevated.  

Sensex and Nifty on Monday 

Indian benchmark indices ended Monday’s session higher, with the BSE Sensex rising 291.17 points, or 0.38%, to close at 77,094.07, while the NSE Nifty 50 gained 89.80 points, or 0.37%, to settle at 24,102.90 — reclaiming the psychologically important 24,100 mark. The recovery was broad-based, with buying across pharmaceutical, media, information technology, energy, and other sectors outweighing losses in FMCG and consumer durables, and heavyweights such as Reliance Industries lending support to the benchmarks. Market breadth was comfortably positive, with approximately 2,500 stocks advancing, 1,688 declining, and 179 remaining unchanged. 

Source

•  nseindia.com