GIFT Nifty Signals Strong Opening For Markets As Crude Oil Drops Below $85 | June 15, 2026

GIFT Nifty jumped 294 points, or 1.24%, in early Monday trade, pointing to a sharply higher opening for Indian benchmark indices. This is because of the news about a possible peace deal between the U.S. and Iran which caused a huge rise in all the world markets, resulting in a massive fall in crude oil prices worldwide.

The positive note comes amid a robust closing on June 12, where the Nifty 50 Index rose by 461 points, closing at 23,623, while the Sensex Index recorded a gain of 1,695 points, closing at 75,528.

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Global Cues Support Risk Appetite

Investor sentiment improved after announcements indicating that the U.S. and Iran had agreed to end military hostilities. Pakistan Prime Minister Shehbaz Sharif stated that both countries had reached an understanding for a permanent cessation of military operations, with a formal signing ceremony expected on June 19 in Switzerland.

The development sparked gains across global equity markets. In Asia, South Korea’s Kospi opened 7.01% higher, while the Kosdaq rose 3.25%. Japan’s Nikkei 225 gained 3.4%, and the broader Topix index advanced 1.8%. Hong Kong futures also pointed to a positive opening.

U.S. stock futures strengthened as well. Futures linked to the Dow Jones Industrial Average gained 342 points, while S&P 500 and Nasdaq 100 futures rose 0.9% and 1.4%, respectively.

Crude Oil Slides Sharply

A key trigger for the rise in GIFT Nifty was the decline in oil prices. Brent crude futures for August delivery fell 3.5% to $84.08 per barrel, slipping below the $85 mark. U.S. benchmark West Texas Intermediate crude dropped 4.45% to $81.10 per barrel.

Lower crude oil prices are closely watched by Indian investors because India imports a significant portion of its crude oil requirements. Softer crude prices can ease pressure on inflation, reduce import costs and improve the country’s external balance.

Currency And Institutional Flow Trends

The Indian rupee strengthened on June 12, appreciating 0.69% to close at 95.11 against the U.S. dollar. Meanwhile, the U.S. Dollar Index eased 0.18% to 99.57 in early trade on Monday.

Institutional flow data showed domestic investors continuing to provide support to equities. According to provisional NSE data, domestic institutional investors purchased shares worth ₹5,341.29 crore on June 12. Foreign institutional investors remained net sellers, offloading equities worth ₹1,082.18 crore.

Markets Await Opening Bell

With crude oil at multi-week lows, Asian equities trading firmly higher and GIFT Nifty indicating gains of nearly 300 points, market participants will closely watch the opening session for cues on whether benchmark indices can extend Friday’s rally.

The movement in oil prices, global equity markets and institutional flows is likely to remain in focus as trading resumes after the weekend.