Pre-Market 22 June 2026: Sensex Falls 607 Points, Nifty Near 24,000; US-Iran Talks In Focus

Dalal Street begins the new week after Friday's decline, when technology shares led the market lower and erased a five-session winning streak.

The Sensex fell 607 points to close at 76,802.90 on 19 June, while the Nifty 50 lost 154.90 points to end at 24,013.10. The decline followed weakness in technology shares after Accenture cut its revenue growth outlook, sparking selling across global IT services stocks.

What Happened On Dalal Street On Friday?

Infosys and Wipro remained in focus after their American Depository Receipts (ADRs) fell sharply in the US market following Accenture's guidance cut. The broader IT pack witnessed selling as investors reassessed growth expectations for the sector.

Gold prices also eased. Traders pared positions after recent comments from the US Federal Reserve reinforced expectations that interest rates could stay higher for longer.

Why Are US-Iran Developments Back In Focus?

Markets are likely to remain sensitive to headlines from the Middle East.

Markets are watching developments in Switzerland after indications that American and Iranian negotiators could meet again in the coming days. The renewed push for dialogue comes after scheduled talks were delayed earlier.

However, uncertainty persists after Iran's Revolutionary Guard claimed the Strait of Hormuz had been closed, while US officials maintained that commercial shipping continued through the route. The development came after fresh violence was reported in southern Lebanon despite the Israel-Lebanon ceasefire.

Any progress or setback in the negotiations could influence global risk sentiment and remain a key trigger for equities this week.

How Did Global Markets Perform After Indian Market Hours?

European markets ended lower on Friday after news of delayed talks between Washington and Tehran weighed on sentiment.

• The pan-European Stoxx 600 declined 0.2%

• FTSE 100 fell 0.35%

• CAC 40 lost 0.55%

In Asia, Japan's Nikkei 225 Index rose 0.28% to close at a record 71,250.06, while South Korea's Kospi slipped 0.13% to 9,052.42.

US markets finished the holiday-shortened week on a positive note.

• Dow Jones gained 72.15 points to 51,564.70

• S&P 500 advanced 1.08% to 7,500.58

• Nasdaq Composite climbed 1.91% to 26,517.93

The gains came as investors reassessed the Federal Reserve's latest policy outlook after an initial bout of volatility earlier in the week.

GIFT Nifty Update

By 02:44 IST on 20 June, GIFT Nifty was trading at 24,042, down 48 points or 0.20%. The contract remained close to Friday's Nifty close of 24,013 but indicated a cautious start to Monday's trade.

Key Levels To Watch

Nifty 50

• Resistance: 24,200–24,400

• Support: 23,800–23,600

Sensex

• Resistance Zone: 77,300–77,500

• Support Zone: 76,400–76,500

A move above the resistance zone could strengthen momentum towards the 78,000-79,000 region, while the support area remains important for maintaining the broader uptrend.

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What Should Investors Expect This Week?

Investors will be tracking the latest round of talks between Washington and Tehran after negotiators returned to Switzerland over the weekend.

Apart from global developments, traders may keep an eye on gold prices, currency movements and sector-specific opportunities as the June derivatives expiry approaches later this week.

Sources:

Mint

CNBC

Indian Express