Asian equity markets rose, Oil prices fell after U.S. President Donald Trump said Washington had completed an agreement with Iran that would reopen the Strait of Hormuz, a key route for global crude shipments.
Nikkei, Kospi lead gains as Brent crude falls after US-Iran reaches peace deal- Daily Market Update 15th June 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat to positive note.
- European equity markets ended higher in range 1.60% to 1.80%.
- Asian equity markets are trading sharply higher.
- GIFT Nifty is up by 400 points, Nifty futures likely to open around 24050 levels.
The benchmark Nifty index ended sharply higher at 23623 spot levels after adding 461 points to its previous closing values.
Buying was seen across the board as Mid and Small cap indices gained 2.43% & 2.80% respectively.
All sectoral indices, barring IT, ended sharply higher. Among them, Realty and Financial Services index were up over 3% each followed by Banking, Consumer Durables, Oil & Gas and Cement index that rose over 2% each.
Technically, the Nifty index has breached its nine-day congestion range on the higher side, setting up targets around the 24000 spot level. GIFT Nifty is indicating a gap-up opening around 24000, spurred by the US-Iran peace deal. Going forward, sustained trading above 24000 will confirm a fresh breakout from the downward-sloping channel, potentially leading the index toward the 24400–24500 spot levels in the immediate term.
Derivatives Overview & Outlook
Last Friday, Banknifty and Midcapnifty futures added 1.5% and 5.8% of open interest as long buildup along with some short covering in Nifty futures that shed around 2% of open interest. On the other hand, Finnifty futures was up over 3% without any significant change in open interest.
Majority of F&O sectors were up on long buildup along with some short covering among Banking and Telecom stocks.
On options front, put writing along with some call unwinding was seen at multiple OTM strikes. Maximum positions are at 24000 CE and 23000 PE.
Institutional Trading Activity
Last week, FIIs sold stocks worth Rs 12690 Cr in the cash segment, bought stocks futures worth Rs 4695 Cr and also bought index futures worth Rs 3851 Cr. DIIs were net buyers in the cash segment to the tune of Rs 24014 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 23850-24000; Supports 23550-23400
Banknifty – Resistances 57100-57500; Supports 56500-56000
Finnifty – Resistances 26150-26300; Supports 25900- 25800
F&O stocks in ban today: KAYNES
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