Pre-Market 9 June 2026: What To Expect After Nifty Slips To Two-Month Low; GIFT Nifty Signals A Steady Opening

The market enters Tuesday after another session of losses, with both benchmark indices slipping to their lowest levels in two months. The Sensex dropped 719.09 points, or 0.97%, to settle at 73,524.26, while the Nifty 50 fell 243.70 points, or 1.04%, to close at 23,123.

What Happened In Monday's Session?

Selling remained broad-based on Monday. By the closing bell, both benchmark indices were at two-month lows, while mid-cap and small-cap stocks also finished in the red.

Volatility increased noticeably during the session, with India VIX climbing about 8%.

Technology counters remained among the weak spots of the market after another bout of selling in global tech stocks. Concerns over stretched valuations in AI-related companies have resurfaced in several overseas markets over the past few sessions.

Separately, market participants continued to evaluate the RBI's recent measures designed to attract overseas funds and ease pressure on the rupee. However, those measures did little to offset the broader risk-off mood in the market.

Market participants also tracked developments in West Asia after fresh tensions emerged between Israel and Iran on Monday.

Global Cues After Market Hours

Wall Street rebounded on Monday after witnessing a sharp sell-off in the previous session.

US stocks recovered as chipmakers and technology shares bounced back from Friday's decline. The recovery came even as investors continued to assess the implications of strong US labour market data and expectations surrounding future Federal Reserve policy.

On 8 June 2026, the Dow Jones Industrial Average fell 80.77 points, or 0.16%, to 50,786.01. The S&P 500 gained 21.99 points, or 0.30%, to 7,405.73, while the Nasdaq Composite advanced 220.23 points, or 0.86%, to 25,929.66.

Developments in West Asia remained in focus after reports that Israel and Iran exchanged missile strikes despite calls for de-escalation.

In Asian markets, Japan's Nikkei 225 Index declined 2,563.52 points, or 3.85%, to 64,024.60. Hong Kong's Hang Seng Index fell 304.89 points, or 1.22%, to 24,657.06.

European markets were mixed. The FTSE 100 Index edged up 5.15 points to 10,373.20, while France's CAC 40 Index slipped 18.95 points, or 0.23%, to 8,199.29.

GIFT Nifty Update

GIFT Nifty traded at 23,216.00, up 38.50 points or 0.17%, as of 8 June 2026, 20:30 IST. The move suggests a slightly firmer start for domestic equities on Tuesday after Monday's sharp decline.

Key Levels To Watch

Nifty continues to trade near an important support zone after closing at a two-month low.

• Immediate support is placed near 23,070

• A break below 23,070 could bring the 23,000 level into focus

• Further downside support is seen in the 22,800–22,700 zone

Analysts expect buyers to defend the lower support band. On the upside, the index needs to move back above recent resistance levels before any sustained recovery can take shape.

Also Read - Market Wrap, 8 June 2026

What Should Investors Expect Today?

Tuesday's session begins after a weak start to the week for domestic equities.

GIFT Nifty indicates a relatively stable opening on Tuesday. Traders are also expected to monitor developments in global technology stocks following Monday's rebound on Wall Street.

Sources:

NDTV Profit

Mint

CNBC TV18

Reuters