Stock Market Pre-open June 11, 2026: Nifty, Sensex Falling at the Start as Middle East Mauls Sentiment

Mumbai, June 11: Indian shares slumped at pre-open signalling a volatile start for benchmark indices as oil spikes due to rising tensions in the Middle East and equities melt world-wide in response.  

Nifty 50 traded 0.7% lower at pre-open while the Sensex went down 0.4% even as Gift Nifty futures traded 0.6% lower.  

Moreover, stronger-than-expected U.S. consumer inflation reinforced expectations that the Federal Reserve could keep interest rates elevated for an extended period, potentially delaying any policy easing into 2027. Higher U.S. interest rates typically reduce the appeal of emerging-market assets, including Indian equities, as foreign portfolio investors gravitate towards relatively safer dollar-denominated investments.  

Foreign investors have been on a selling spree in the Indian markets so far. 

Spotlight will be on Zee Entertainment Enterprises and Lenskart Solutions. Zee Entertainment Enterprises said it plans to raise up to Rs 2,300 crore while a unit of Abu Dhabi Investment Authority is reportedly looking to sell a 2.3% stake in eyewear retailer Lenskart Solutions through a block deal valued at about Rs 1,944 crore. 

Investor sentiment turned cautious after Iran announced the closure of the Strait of Hormuz following fresh U.S. military strikes, stoking fears of supply disruptions in one of the world’s most critical oil transit routes. The development reignited concerns over inflation and global growth, with India particularly vulnerable as a major crude importer. 

Brent crude climbed about 1.5% to trade above $94 a barrel after the latest escalation in the Middle East. The move heightened worries that sustained energy price pressures could fuel inflation, squeeze consumer spending and complicate the policy outlook for central banks. 

Higher oil prices are also expected to weigh on fuel-sensitive sectors in India, including aviation, paints, chemicals and oil marketing companies. 

Asian equities fell sharply on Thursday as investors rushed to reduce exposure to risk assets amid escalating geopolitical tensions. 

South Korea’s Kospi declined 1.8%, while Japan’s Nikkei dropped 1.5%. MSCI’s broadest index of Asia-Pacific shares outside Japan fell around 1%, with technology and export-oriented stocks leading losses across the region. 

U.S. markets ended lower overnight, extending the global risk-off trend. The Dow Jones Industrial Average fell 1.9%, while the S&P 500 and Nasdaq dropped 1.6% and 2%, respectively. 

Technology stocks bore the brunt of the selloff as investors assessed the implications of rising energy prices and persistent inflation. Semiconductor and other growth-focused counters came under pressure as Treasury yields advanced. 

Sentiment was further dampened by inflation data that reinforced expectations the Federal Reserve could remain cautious on interest-rate cuts despite signs of moderating economic growth. 

Source

• Exchanges