GIFT Nifty Indicates Negative Start for Market as Tensions in Middle East Escalate | June 10, 2026

On June 10, GIFT Nifty suggested that the Indian market would see a weak start, with the derivative index marking 23,272, almost 59 points lower than the closing level of Nifty Futures. The signal came following an inconclusive day in the U.S. and weak performance by Asian stocks amid the U.S.-Iran tussle.

The negative signal from GIFT Nifty suggests that benchmark indices Sensex and Nifty 50 may begin the session on a cautious note despite gains recorded in the domestic market during the previous trading day. On June 9, the Sensex rose 394.50 points, or 0.54%, to close at 73,918.76, while the Nifty 50 advanced 119.10 points, or 0.52%, to settle at 23,242.10.

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Asian Markets Under Pressure

Regional markets traded lower on Wednesday as geopolitical concerns weighed on investor sentiment. Japan’s Nikkei 225 declined 0.81%, while the broader Topix index slipped 0.32%.

South Korea witnessed sharper losses, with the Kospi falling 3.12% and the Kosdaq shedding 0.67%. Hong Kong futures also indicated a softer opening. The weakness across Asia followed renewed uncertainty in the Middle East and concerns about the potential impact on global trade routes and energy supplies.

U.S. Markets End Mixed

Wall Street delivered a mixed performance overnight. The Dow Jones Industrial Average gained 86.10 points, or 0.17%, to close at 50,872.11. However, technology stocks remained under pressure, pulling the Nasdaq Composite down 250.84 points, or 0.97%, to 25,678.82. The S&P 500 declined 19.08 points, or 0.26%, to finish at 7,386.65.

Among major technology companies, Apple fell 3.64%, Tesla declined 3.00%, Microsoft lost 2.02%, and Intel dropped 2.13%.

Crude Oil, Dollar and Bond Yields in Focus

Crude oil prices moved higher after fresh military developments involving the U.S. and Iran. Brent crude futures rose 0.9% to $92.29 per barrel, while U.S. West Texas Intermediate crude gained 0.8% to $88.97 per barrel. The U.S. dollar remained largely steady. The dollar index stood at 100.02, while the euro traded at $1.1537 and the Japanese yen hovered near 160.38 against the dollar.

Japanese government bond yields rose slightly on inflation concerns. The yield on the 10-year bond rose to 2.695% and longer-dated issues also increased.

Taking into account that GIFT Nifty predicts lower open and that the foreign markets were affected by the geopolitical situation, traders will have to watch the crude oil prices, the foreign exchange market and foreign stocks in order to find the right direction.