Oil prices steadied on Tuesday after Israel and Iran agreed to halt attacks against each other, reducing fears of a broader escalation that could have further disrupted global energy supplies. Brent crude traded near $94 a barrel after ending the previous session marginally higher, while US benchmark West Texas Intermediate hovered above $91 a barrel.
Asian stocks gain, Brent Crude steadies near $94 after Israel and Iran agree to halt attacks- Daily Market Update 9th June 2026
Overview and Outlook
Global Stock Market Today
- US equity markets, barring DOW Jones, settled on a positive note.
- European equity markets ended on a flat to negative note.
- Majority of Asian equity markets are trading with a positive bias.
- GIFT Nifty is down by 40 points, Nifty futures is likely to open around 23130 levels.
The benchmark Nifty index opened with a significant gap on the lower side and settled at 23123 spot levels, down 244 points from its previous closing values.
Mid cap index fell in line with the benchmark, down over 1%. On the other hand, Small cap Nifty underperformed the benchmark, fell around 2%.
Majority of sectoral indices, barring Healthcare, ended in red. Amongst them, Metal and Realty index were the worst performers, down over 2% each followed by Auto, Chemicals and Cement stocks that were down over 1.5% each.
Technically, the Nifty index has reached the lower band of its downward-sloping consolidation phase near the 23,000 spot level. A technical bounce-back from this support cannot be ruled out. Conversely, a decisive close below 23,000 could drag the index toward the 22,800–22,700 zone in the near term.
Derivatives Overview & Outlook
Yesterday, Midcapnifty futures added 2.5% of open interest as short buildup, whereas Nifty, Banknifty and Finnifty futures were down over 1% each without any significant change in open interest.
Majority of F&O sectors were down on short buildup, whereas some long unwinding was seen among FMCG and Pharma stocks.
On options front, call writing along with some put unwinding was seen at multiple OTM strikes. Maximum positions are at 24000 CE followed by 23500 CE and 22500 PE followed by 23000 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 5556 Cr in the cash segment, bought stock futures worth Rs 21 Cr and sold index futures worth Rs 1515 Cr. DIIs were net buyers in the cash segment to the tune of Rs 5165 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 23250-23350; Supports 23000-22800
Banknifty – Resistances 54400-54800; Supports 53800-53500
Finnifty – Resistances 25000-25100; Supports 24700- 24600
F&O stocks in ban today: KAYNES & AMBER
Disclosure
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