Stock Market Open, June 22, 2026: Sensex Surges 400 points, Nifty Up 110 points at Monday Opening; Iran-US Agreement in Switzerland, Firm Wall Street Lift D-Street Spirits

Mumbai, June 22: Indian benchmark indices opened on a firm note on Monday, as a confluence of positive global cues lifted sentiment on Dalal Street.  

The BSE Sensex climbed 403.44 points, or 0.53%, to trade at 77,206.34, while the NSE Nifty 50 rose 112.45 points, or 0.47%, to 24,125.55 as of 9:19 am on Monday.  

The gap-up start came on the back of a landmark first round of high-level US-Iran talks concluding in Switzerland over the weekend, which offered markets a rare dose of geopolitical optimism after weeks of tension centred on the Strait of Hormuz. Adding to the momentum, Wall Street’s major indices had ended Friday’s session firmly in positive territory, with technology stocks leading the charge on the Nasdaq. The mood on Dalal Street was broadly constructive, with buying visible across most major sectors, though the gains were measured as traders kept one eye on the evolving situation in the Middle East and the fragile state of the Iran ceasefire. 

Gainers and Losers 

Among the top gainers on the Nifty 50 in early trade, Cipla led the pack with its LTP at ₹1,383.60 against a previous close of ₹1,351.80, a gain of 2.35%, followed by Infosys, which rose 1.37% to ₹1,065.80 from ₹1,051.40 as IT stocks bounced back after Friday’s selloff. Reliance Industries climbed 1.21% to ₹1,325.40 from ₹1,309.50, Tech Mahindra advanced 1.18% to ₹1,426.20 from ₹1,409.60, and HCLTech gained an even 1% to ₹1,143 from its previous close of ₹1,131.70.  

On the losing side, IndiGo slipped 0.61% to ₹4,990.70 from ₹5,021.50, while Titan fell 0.59% to ₹4,393.80 from ₹4,419.90 and Adani Enterprises shed 0.59% to ₹3,020.40 from ₹3,038.40. Max Healthcare eased 0.35% to ₹1,090.95 from ₹1,094.75, and Grasim Industries dipped 0.30% to ₹3,140.10 from ₹3,149.50. 

Broad Markets and Sectoral Indices 

In the broader markets, the Nifty Midcap 50 rose 0.47% to 17,818.05, the Nifty Smallcap 250 gained 0.51% to 17,803.50, and the Nifty Microcap 250 advanced 0.59% to 25,249, reflecting a broad-based recovery that extended well beyond large-cap names. On the flip side, the Nifty 50 PR 1X Inverse slipped 0.41% and the Nifty 50 TR 1X Inverse eased 0.42%, as expected given the positive market direction, while the Nifty BHARAT Bond Index – April 2030 inched up only marginally at 0.01%, signalling a more subdued fixed income response to the risk-on mood.  

On the sectoral front, the Nifty IT index led gains with a sharp 1% rise to 27,700.55 as the beaten-down technology sector staged a recovery, the Nifty India Internet index jumped 1.05% to 1,271.70, and Nifty Consumer Durables climbed 0.84% to 37,551, benefitting from improving domestic demand sentiment. Among underperformers, the Nifty FMCG index managed only a modest 0.17% rise to 49,640.90, Nifty Pharma gained a tepid 0.18% to 24,503.90, and Nifty PSU Bank added just 0.14% to 8,729 as investors remained selective in rate-sensitive and defensive plays. 

Middle East Conflict 

The first round of high-level US-Iran talks in the Swiss mountain resort of Buergenstock concluded on Monday, with mediating nations Qatar and Pakistan announcing a joint roadmap aimed at reaching a final deal within 60 days. Iran briefly closed the Strait of Hormuz again over the weekend, citing US and Israeli violations of the interim peace deal, though a communications mechanism to ensure safe passage for commercial ships was agreed upon during the talks. Despite a tense start — with President Trump threatening to resume attacks and Iran initially walking away from the table — both sides confirmed that negotiations covered nuclear issues, Lebanon, and the Strait, with technical teams continuing talks through the week. 

Asian Markets 

Asian markets opened on a largely weak note on Monday morning, with the Hang Seng Index leading the decline at 1.84% and Pakistan’s KSE 100 falling 1.36%, as the uncertainty around the Strait of Hormuz and mixed signals from the Switzerland talks kept investor sentiment cautious across the region. Japan’s Nikkei 225 was a notable exception, rising 1.85% to 72,565, supported by a weaker yen and tech-driven optimism. US markets ended Friday on a positive note, with the Nasdaq Composite gaining 1.91% to 26,517.93 and the S&P 500 rising 1.08% to 7,500.58, while the Dow Jones inched up 0.14% to 51,564.70. 

Oil Prices 

Brent crude futures rose 0.67% to $81.11 a barrel in early Monday trade, after touching a session high of $82.30, as Iran’s renewed slowdown of shipping through the Strait of Hormuz rattled energy markets. US West Texas Intermediate crude climbed 2.64% to $78.62 a barrel ahead of the contract’s Monday expiry, with the more active August contract up $1.43 to $77.28 a barrel. Analysts warned that Iran was likely to continue using the strait as a point of leverage, with MST Marquee’s head of energy research noting that markets had been premature in pricing in a full reopening of the waterway. 

Indian Markets at Close on Friday 

Indian benchmark indices snapped a five-session winning streak on Friday, with the BSE Sensex falling 607.08 points, or 0.78%, to close at 76,802.90. The NSE Nifty 50 declined 154.90 points, or 0.64%, to settle at 24,013.10, dragged down by a broad-based selloff in information technology stocks after global IT major Accenture flagged a $400 million hit to its Middle East business and warned of further impact in the fourth quarter. Heavyweight IT names including Infosys, TCS, HCLTech, Wipro and Tech Mahindra all witnessed sharp selling, while weakness in Reliance Industries added to the pressure on the benchmarks. 

Source

• bseindia.com
• 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/