Pre-Market 17 June 2026: GIFT Nifty Tops 24,050 After Sensex Climbs To 76,809, Fed Decision In Focus; Key Levels To Watch

Dalal Street heads into Wednesday's session after benchmark indices extended their winning streak for a third straight day on Tuesday.

The Sensex rose 544 points to close at 76,809, while the Nifty 50 gained 135 points to settle at 23,989 on 16 June. Over the last three sessions, the benchmark indices have advanced about 4% as concerns around the Middle East conflict eased.

What Happened In Tuesday's Session?

Indian equities remained firmly in positive territory as investors continued to respond to the agreement reached between Washington and Tehran.

The Sensex crossed the 76,800 mark during the session, while the Nifty 50 finished just short of the 24,000 level.

With one major geopolitical risk receding, investor attention is gradually shifting to the US Federal Reserve's policy meeting and commentary from its new chair, Kevin Warsh.

Global Markets

Wall Street traded mixed on Tuesday. Investors welcomed signs of stability following the US-Iran agreement.

On 16 June:

• Dow Jones Industrial Average rose 328.64 points, or 0.64%, to 51,999.67

• S&P 500 lost 42.94 points, or 0.57%, to 7,511.35

• Nasdaq Composite lost 307.60 points, or 1.15%, to 26,376.34

Asian markets were mixed.

• Japan's Nikkei 225 stood at 69,404.50, up 87 points

• Hong Kong's Hang Seng Index traded at 24,493.95, down 348.72 points

European markets traded with a positive bias.

• FTSE stood at 10,494.21, up 63.59 points

• CAC traded at 8,447.30, up 63.26 points

GIFT Nifty Update

By 22:07 IST on 16 June, GIFT Nifty was trading at 24,055.50, up 61.50 points, or 0.26%.

The contract remained above the Nifty 50's closing level of 23,989 after market hours, indicating a positive start for Wednesday's trade if overnight cues remain unchanged.

Key Levels To Watch

Nifty continues to trade above its 20-day and 50-day exponential moving averages, both of which are trending higher.

Resistance levels

• 24,080–24,100

• 24,250

• 24,400

Support zone: 23,900–23,880

A sustained move above 24,100 could attract fresh buying interest, while the 23,900 region remains an important support area.

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What Should Investors Expect Today?

Markets enter Wednesday after three consecutive sessions of gains and a sharp improvement in global risk appetite.

Investors will also track global market trends, including US Federal Reserve meetings and developments related to the implementation of the US-Iran agreement.

Sources:

Mint

Moneycontrol

Reuters