Pre-Market 16 June 2026: What To Expect After Sensex Jumps 736 Points, Nifty Nears 24,000; GIFT Nifty Above 23,900

Indian markets head into Tuesday's session after benchmark indices extended their rally on Monday. The Sensex climbed 736 points to close at 76,264, while the Nifty 50 gained 231 points to settle at 23,854 on 15 June.

The rally came after the United States and Iran announced a preliminary agreement aimed at extending their ceasefire and reopening the Strait of Hormuz, ending months of uncertainty that had weighed on global markets.

What Happened In Monday's Session?

Dalal Street witnessed another strong session as investors welcomed signs of a breakthrough between Washington and Tehran.

During the session, the Nifty briefly crossed the 24,000 mark, and the Sensex touched an intraday high of 76,821.07.

The agreement between the United States and Iran is expected to remain a key market theme this week. While details of the arrangement have not yet been released, mediator Pakistan said the formal signing is expected in Geneva on Friday.

With one major global uncertainty easing, investor focus is gradually shifting back to domestic factors such as monsoon progress and the upcoming June-quarter earnings season.

How Did Global Markets Perform After Indian Market Hours?

Wall Street opened firmly higher on Monday after reports of a preliminary US-Iran agreement boosted risk appetite.

At 09:54 a.m. on 15 June:

• Dow Jones Industrial Average rose 468.77 points, or 0.92%, to 51,671.03

• S&P 500 advanced 122.83 points, or 1.65%, to 7,554.29

• Nasdaq Composite jumped 795.10 points, or 3.07%, to 26,683.94.

Asian markets also ended higher. Japan's Nikkei 225 Index stood at 69,317.50, up 3,297.46 points. Hong Kong's Hang Seng Index was at 24,842.67, higher by 124.57 points.

European markets traded mixed during evening hours. Britain's FTSE was at 10,430.62, down 41.10 points. France's CAC closed at 8,384.01, up 33.14 points.

GIFT Nifty Update

By 21:30 IST on 15 June, GIFT Nifty was trading at 23,998, up 107 points, or 0.45%.

At that level, the contract was trading comfortably above the Nifty 50's closing mark of 23,854, indicating a firm start for Tuesday's session if overnight cues remain unchanged.

Key Levels To Watch

Analysts believe the short-term trend remains positive as long as Nifty stays above key support levels.

Support levels

23,850

23,800

Resistance levels

24,150

24,500

The buy-on-dips strategy remains favourable while Nifty holds above 23,850. The near-term bias remains positive amid improving global sentiment.

Also Read - Nifty Valuation Reset Creates Buying Window As 54% Of Top Stocks Trade Below 2023 PE Levels

What Should Investors Expect Today?

Markets enter Tuesday after a broad-based rally driven by the announcement of a preliminary US-Iran agreement.

Investors will continue to track developments related to the proposed deal, particularly any updates ahead of the expected signing later this week.

Attention is also likely to shift towards domestic triggers. The progress of the monsoon, commentary around possible El Niño conditions and early expectations for the June-quarter earnings season could attract interest.

For traders, the focus remains on whether Nifty can sustain above the 23,850 zone and make another attempt at crossing the 24,000 mark.

Sources:

Mint

The Hindu Business Line

The Economic Times