Indian Markets Poised for a Robust Start Amid Global Calm and Crude Relief
A strong opening for Indian markets today, driven by easing US–Iran tensions and crude oil dipping below $90 per barrel.
🌍 Global Market Momentum
✅ US indices surged on June 11 — Dow up 1.86% at 50,849, S&P 500 rose 1.75% to 7,394, Nasdaq climbed 2.54% to 25,810.
✅ Asian markets rally sharply with Nikkei +3.4%, Kospi +7%, and Hang Seng futures trending higher.
✅ Commodities eased — Brent crude at $89.17 (-1.3%), WTI $86.48 (-1.4%), while gold holds steady near ₹4,189/oz.
Indian Market Snapshot
📈 Sensex closed June 11 at 73,833, down 151 points (-0.20%).
📈 Nifty 50 ended at 23,162, slipping 53 points (-0.23%).
📈 GIFT Nifty futures signal a gap-up start around 23,450, up nearly 200 points.
🔑 Key Drivers
- Positive global cues from reduced geopolitical risks and cooling crude prices.
- RBI’s recent hawkish pause with repo at 5.25%, GDP forecast trimmed to 6.6%, and inflation raised to 5.1% remains a medium-term consideration.
💰 FII & DII Flows (June 11)
⚡ FIIs were net sellers at ₹1,987 crore, primarily offloading positions in IT, metals, and PSU banks.
⚡ DIIs stepped in as net buyers with ₹4,225 crore, supporting banking, FMCG, and auto sectors.
🏢 Corporate Highlights for June 12
📊 Results from Omkar Speciality Chemicals, SIC Ltd, Vegorama Punjabi Angithi, and VPAL.