GIFT Nifty Signals Soft Start For Markets Despite Global Rally And Falling Oil Prices | June 12, 2026

GIFT Nifty pointed to a muted opening for Indian benchmark indices on June 12, reflecting investor caution even as global equities advanced and crude oil prices retreated below the $90-per-barrel mark.

The derivative index was trading about 19 points, or 0.08%, lower in early trade, suggesting a negative opening for the Nifty 50 and Sensex. The indication comes after domestic markets ended Thursday’s session on a mixed note. The Nifty 50 closed 53 points lower at 23,161, while the BSE Sensex added 150 points to settle at 73,833.

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GIFT Nifty Diverges From Global Optimism

While GIFT Nifty remained under pressure, sentiment across international markets improved significantly.

Asia-Pacific markets opened higher on Friday, tracking overnight gains on Wall Street. South Korea’s Kospi rose 7.01% at the open, while the Kosdaq gained 3.25%. Japan’s Nikkei 225 advanced 3.4% and the broader Topix index climbed 1.8%. Hong Kong futures also indicated a stronger opening.

U.S. equity futures extended gains after comments from U.S. President Donald Trump raised expectations of a possible agreement between the U.S. and Iran. Futures linked to the S&P 500 and Nasdaq 100 rose about 0.2%, while Dow Jones futures gained nearly 59 points.

Wall Street Ends Higher

U.S. markets closed firmly in positive territory on Thursday, supported by a rebound in technology stocks and easing concerns surrounding developments in West Asia.

The Dow Jones Industrial Average gained 929.97 points, or 1.86%. The S&P 500 increased 1.75% and the Nasdaq Composite gained 2.54% Investor focus is also on the listing of SpaceX which will raise $75 billion through its public offering. The transaction values the company at approximately $1.77 trillion.

Crude Oil Drops Below $90

Oil prices declined sharply as hopes of diplomatic progress between the U.S. and Iran reduced concerns over supply disruptions.

Brent crude futures slipped below the key $90-per-barrel level to trade around $89.20, while West Texas Intermediate crude fell to $86.49 per barrel. Lower crude oil prices are generally viewed as supportive for India, which imports a significant portion of its energy requirements.

FII Selling Continues

Foreign institutional investors remained net sellers on June 11, offloading equities worth ₹1,987.09 crore, according to provisional NSE data. Domestic institutional investors provided support by purchasing shares worth ₹4,224.51 crore.

Meanwhile, the rupee weakened 0.50% against the U.S. dollar to close at 95.76. The dollar index was trading marginally higher at 99.79.

With GIFT Nifty indicating a negative bias despite supportive global cues, investors are likely to monitor institutional flows, crude oil movements and developments in global markets for direction during Friday’s session.