Pre-Market 12 June 2026: What To Expect After Sensex, Nifty Snap Two-Day Winning Streak; GIFT Nifty Holds Above 23,200

Dalal Street heads into Friday's session after benchmark indices ended lower on Thursday as fresh developments in the Middle East kept investors cautious and weighed on risk appetite.

The Sensex closed at 73,833, down 151 points, while the Nifty 50 settled 53 points lower at 23,162. Both indices snapped their two-day winning streak as foreign fund outflows and global concerns remained in focus.

What Happened In Thursday's Session?

Indian equities ended in the red on 11 June as markets remained under pressure after the United States carried out fresh strikes on multiple targets in Iran. US President Donald Trump also warned of further action unless a peace agreement was reached, keeping global investors on edge.

Foreign institutional investor selling remained another area of concern. Market participants also assessed the impact of rising inflation in the United States and the possibility of tighter financial conditions globally following expectations of an ECB rate increase.

Despite Thursday's decline, buying interest continued to emerge around the 23,000-23,100 zone, helping limit deeper losses in the Nifty.

Global Markets

US stocks opened higher on Thursday as investors returned to beaten-down technology stocks while monitoring developments in the Middle East.

At 9:56 AM ET on 11 June 2026:

• Dow Jones Industrial Average gained 450.39 points, or 0.90%, to 50,371.57

• S&P 500 rose 58.67 points, or 0.81%, to 7,325.66

• Nasdaq Composite advanced 267.93 points, or 1.07%, to 25,437.44

Comments from US President Donald Trump also remained in focus. Trump said Washington would hit Iran "very hard tonight" and take control of the country's energy infrastructure and markets.

Asian markets showed a mixed trend.

Japan's Nikkei 225 Index stood at 64,217.27, up 38 points, as of 11:30 IST on 11 June. Hong Kong's Hang Seng Index was at 24,249.29, down 158.67 points, as of 13:30 IST.

European markets traded higher.

The FTSE index rose 97.70 points to 10,352.51, while France's CAC index gained 78.67 points to 8,240.50. Germany's DAX added 35.89 points to 24,231.20. All figures were recorded at 19:37 IST on 11 June.

GIFT Nifty Update

By 19:36 IST on 11 June, GIFT Nifty stood at 23,223, higher by 22.50 points. The futures contract remained above the Nifty's close of 23,162, pointing to a steady opening on Friday.

Key Levels To Watch

Nifty continues to trade below its key short-, medium- and long-term moving averages. Momentum indicators also remain subdued, with RSI staying below the neutral 50 mark.

Key levels for traders include:

• Immediate support: 23,000-23,100

• Resistance zone: 23,350-23,500

• Expected near-term trading range: 23,000-23,500

Also Read - Market Wrap, 11 June 2026: Benchmarks End In Red

What Should Investors Expect Today?

Friday's session is likely to begin with attention firmly on overseas developments after another round of escalation between the United States and Iran.

Investors will also keep an eye on foreign fund activity, global equity market trends and central-bank-related developments overseas.

With Nifty continuing to hold above the 23,000 mark, traders may watch whether the index can move back towards the upper end of its recent trading band.

Sources:

Mint

Reuters

Moneycontrol