Stock Market Today: GIFT Nifty Indicates Positive Start, Brent Crude Below USD 80

Indian benchmark indices, Sensex and Nifty 50, are likely to begin the truncated week on a firm note. Early Asian cues were mostly positive, with Japan and Taiwan leading the gains, while Hong Kong traded lower. US markets remained closed on Friday for Juneteenth, leaving Indian equities to take direction from Asian peers, crude oil movement and domestic flows.

At 7:31 AM, GIFT Nifty was trading near 24,141, up 92.50 points or 0.38 per cent, indicating a positive start for Indian equities on Monday, June 22, 2026. A pullback in crude oil prices is also supporting sentiment, with Brent crude easing below USD 80 per barrel after retreating from the day’s high.

Crude Oil Slips Below USD 80

Brent crude gave up its early gains on Monday as investors reacted to signs of progress in US Iran negotiations. Qatar and Pakistan, which are facilitating talks in Switzerland, said both sides have agreed on a roadmap to work towards a final agreement within 60 days.

Oil prices had opened higher after President Donald Trump warned of fresh strikes if Hezbollah continued attacks on Israel and cautioned Tehran against any fresh closure of the Strait of Hormuz. Although Iranian media later reported that Tehran had suspended talks, sources familiar with the matter indicated that discussions were still continuing. Crude movement through the Strait of Hormuz also remained steady over the weekend, while Persian Gulf producers prepared to raise output.

Stock in F&O Ban

For today’s session, Kaynes Technologies is under the F&O ban.

Institutional Flows

Foreign Institutional Investors were net buyers on June 19, purchasing equities worth Rs 4,859.07 crore. Domestic Institutional Investors, however, were net sellers to the tune of Rs 1,159.64 crore during the same session.

Indian Market Action on Friday

Indian equities snapped their five-day winning streak on Friday as profit booking and weakness in IT stocks weighed on sentiment. The Sensex declined 607 points to 76,802.90, while the Nifty fell 155 points to 24,013.10. Despite the decline, the Nifty recovered from lower levels and managed to reclaim the 24,000 mark.

For the week, both benchmark indices still ended with gains of around 1.7 per cent, marking their second consecutive weekly advance and keeping the short-term market structure constructive.

Disclaimer: The article is for informational purposes only and not investment advice.