Pre-Market 23 June 2026: GIFT Nifty Signals Positive Start After 291-Point Sensex Rally; What To Expect Today

Dalal Street started the week on a positive note. Reports of constructive US-Iran talks and softer crude prices helped keep buyers active through the session.

The Sensex gained 291 points to close at 77,094 on 22 June, while the Nifty 50 rose 90 points to settle at 24,102.90. Broader markets also participated in the advance, with the Nifty Midcap 100 and Nifty Smallcap 100 indices ending 0.34% and 0.60% higher, respectively.

The rally added nearly ₹3 lakh crore to the market value of BSE-listed companies, taking the total market capitalisation to ₹480.5 lakh crore.

What Happened On Dalal Street On Monday?

Indian markets ended higher after investors reacted positively to developments from Switzerland, where US and Iranian officials held the first round of discussions aimed at reaching a broader agreement within 60 days.

According to Reuters, officials from Qatar and Pakistan said the talks made progress and negotiations would continue through the week.

The improvement in sentiment coincided with a decline in Brent crude prices, which slipped below the $80-per-barrel mark amid expectations that a final agreement could be reached and that the Strait of Hormuz could reopen.

Sector-wise, gains were broad-based. Nifty Media, Nifty Pharma and Nifty Healthcare rose more than 1% each. Oil & Gas and IT stocks also ended higher. FMCG and Consumer Durables were the only major sectoral laggards, declining 0.41% and 0.55%, respectively.

How Did Global Markets Perform After Indian Market Hours?

Wall Street closed on a subdued note on Monday as investors returned after Friday's holiday and awaited further developments in US-Iran negotiations.

On 22 June:

• Dow Jones Industrial Average rose 148.01 points to 51,712.71

• S&P 500 fell 29.30 points to close at 7,471.28

• Nasdaq Composite declined 357.06 points to 26,166.60

Asian markets ended mixed.

• Japan's Nikkei 225 climbed 1,103.90 points to 72,353.96 as of 11:30 IST on 22 June

• Singapore's Straits Times Index stood at 5,204.01

• Hong Kong's Hang Seng Index declined 156.29 points to 23,768.52

European markets also traded mixed:

• FTSE stood at 10,437.85, up 74.58 points

• CAC traded at 8,400.11, down 21.03 points

GIFT Nifty Update

By 19:34 IST on 22 June, GIFT Nifty was trading at 24,178, up 78.50 points, or 0.33%. The contract remained above Monday's Nifty close of 24,102.90 after market hours, indicating a positive start for Tuesday's trade if overseas cues remain supportive.

Key Levels To Watch

The Nifty continues to trade above its 20-day and 50-day exponential moving averages (EMAs), while momentum indicators point towards a consolidation phase.

Support Levels

• 23,970

• 23,950

Resistance Levels

• 24,200

• 24,230

Also Read - Market Wrap, 22 June 2026: Benchmarks Hover Near Flatline As IT Stocks Gain

What Should Investors Expect Today?

The next round of US-Iran discussions is likely to remain at the centre of market attention after negotiators reported progress in the first phase of talks. Investors may also monitor whether crude prices continue to stay below the $80 mark.

Back home, attention could remain on pharma, healthcare and media stocks after Monday's outperformance, while traders assess whether the Nifty can sustain above the 24,100 mark and challenge the 24,200-24,230 resistance zone.

Sources:

Mint

Reuters