GIFT Nifty Flat, Nasdaq Soars: 8 Overnight Developments That Could Shape Dalal Street Today | June 16, 2026

GIFT Nifty traded near 23,919 on Tuesday morning, indicating a largely flat opening for Indian benchmark indices after Monday’s strong rally. The indicator was trading at a premium of around 3 points to the previous close of Nifty futures, suggesting limited directional cues at the start of trade.

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GIFT Nifty Signals Cautious Start

After the sharp gains recorded in the previous session, GIFT Nifty pointed to a subdued opening for domestic equities. The benchmark Nifty 50 ended Monday 231 points, or 0.98%, higher at 23,853.90, while the Sensex advanced 736.38 points to settle at 76,264.33.

Nasdaq Records Strongest Gain Since March

U.S. markets ended firmly higher overnight, supported by easing geopolitical tensions and strong buying in technology shares.

The Dow Jones Industrial Average rose 468.77 points, or 0.92%, to close at 51,671.03. The S&P 500 gained 1.65% to 7,554.29, while the Nasdaq Composite surged 3.07% to 26,683.94, marking its strongest single-day gain since March 31.

Among major technology stocks, AMD climbed 6.98%, Meta Platforms gained 4.67%, Nvidia rose 3.54%, Amazon advanced 3.16%, Microsoft added 2.31%, and Alphabet increased 2.50%.

Focus Remains on U.S.-Iran Agreement

Investor attention remains centred on the proposed peace agreement between the U.S. and Iran. U.S. Vice President JD Vance told Fox News that President Donald Trump could release details of the agreement before its scheduled formal signing later this week.

According to official statements, the agreement has already been electronically approved by leaders of both countries and is expected to be signed in person on Friday.

Asian Markets Trade Mixed

Asian equities showed a mixed trend as investors assessed developments surrounding the Middle East agreement. Japan’s Nikkei 225 was largely unchanged, while the Topix declined 0.38%. South Korea’s Kospi gained 0.61%, although the Kosdaq slipped 1.47%. MSCI’s Asia-Pacific index excluding Japan rose 0.2%.

India Reports Current Account Surplus

Reserve Bank of India data showed the country posted a current account surplus of $4.7 billion in April, compared with a deficit of $4.8 billion in the same month last year.

Imports stood at $72.5 billion during the month, while exports were valued at $44.6 billion.

Oil Prices Recover Slightly

Crude oil prices edged higher after Monday’s sharp decline as market participants awaited further details of the preliminary U.S.-Iran agreement.

Brent crude futures rose 0.3% to $83.42 per barrel, while U.S. West Texas Intermediate crude gained 0.3% to $81.12 per barrel.

Gold Holds Near One-Week High

Gold prices remained largely stable after a strong rally in the previous session. Spot gold traded at $4,311.36 per ounce, up 0.1%, while U.S. gold futures for August delivery eased 0.4% to $4,332.60 per ounce. Spot silver slipped 0.4% to $69.74 per ounce.

Dollar Stays Near Recent Lows

The U.S. dollar remained close to a 10-day low against major global currencies. The dollar index was quoted at 99.66. The euro traded at $1.159, while the British pound stood at $1.3413. The Japanese yen was at 160.24 against the U.S. dollar.

With GIFT Nifty indicating a flat opening, investors are likely to track further updates on the U.S.-Iran agreement, commodity prices and global market trends for fresh direction during Tuesday’s session.