GIFT Nifty Indicates Soft Opening As Global Markets Show Mixed Trends | June 9, 2026

GIFT Nifty indicated a weak start for Indian equity markets on Tuesday, with futures trading lower despite gains in U.S. equities and mixed trends across Asian markets in the previous session.

Trends on GIFT Nifty pointed to a negative opening for the broader index in India, with a decline of 49.5 points or 0.21%. The Nifty futures were trading around the 23,124 level, signalling continued pressure after the previous session’s losses.

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U.S. Markets End Higher Led By Tech Buying

U.S. equities ended mostly higher on Monday, supported by gains in technology stocks as investors looked for bargain buying following Friday’s sharp selloff.

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. The Nasdaq Composite advanced 220.23 points, or 0.86%, to 25,929.66, led by chipmakers and tech stocks.

Asian Markets Show Mixed Sentiment

Asian markets traded mixed in early trade, after the overnight performance on U.S. indices and ongoing concerns around global economic conditions and crude oil movements.

Domestic Markets Extend Losses On Monday

Indian equity benchmarks extended losses for the second consecutive session on June 8, pressured by weak global cues, rising crude oil prices, geopolitical tensions in West Asia and sustained foreign fund outflows.

At the close, the Sensex declined 719.08 points or 0.97% to 73,524.26, while the Nifty fell 243.70 points or 1.04% to 23,123, according to exchange data.

The broader market underperformed the benchmarks. The Nifty Midcap 100 index fell 1.4%, while the Nifty Smallcap 100 index declined 1.9%.

Rupee Falls Sharply Against U.S. Dollar

The Indian rupee weakened significantly on June 8, closing 77 paise lower at 95.71 per U.S. dollar compared with the previous close of 94.94, reflecting pressure in domestic currency markets.

Sectoral Performance Weak Across Board

All major sectoral indices ended in negative territory in the previous session. Realty and Metal indices were the worst performers, declining more than 2% each. Selling pressure was also seen in Auto, Consumer Durables, IT, Media, Infrastructure, Power, Energy and Oil & Gas sectors, all falling over 1%.

Stock-wise, Wipro, Jio Financial Services, Eternal, Hindalco Industries and Shriram Finance were among the top losers on the Nifty. On the gainers’ side, Max Healthcare, Power Grid Corporation, Bharat Electronics, Tech Mahindra and Nestlé India closed in positive territory.

Outlook

With GIFT Nifty signalling a weak opening, Indian markets are likely to track global cues, currency movement and crude oil trends in early trade. Investors are expected to remain cautious following sustained volatility in domestic equities and weak broader market sentiment in the previous session.