Gift Nifty Indicates Muted Opening for Indian Markets on June 23, 2025

Gift Nifty, which serves as an early indicator for India's stock market performance, was trading around the 24,977 level on Monday morning. This marked a discount of nearly 152 points compared to the Nifty futures’ previous close, suggesting a muted or cautious start for Indian markets. 

This lower opening comes right after a few gains on Friday, where both the Nifty 50 and the BSE Sensex surged by 1.29% each. The gains were driven by short-covering ahead of the monthly derivatives expiry and temporary relief over the U.S. President’s decision to delay deeper involvement in the Israel-Iran conflict. 

What is Gift Nifty? 

Gift Nifty, earlier known as SGX Nifty, is traded on the Gujarat International Finance Tec-City (GIFT City) and gives a glimpse of how Indian markets might open. It reflects global investor sentiment and often reacts to overnight developments in global markets. 

When Gift Nifty trades at a discount compared to the previous close of Nifty futures, it indicates a weak or flat start for the day; similarly, a premium points to a positive opening. 

Global Concerns Weigh on Sentiment 

The negative trend in Gift Nifty follows geopolitical tensions, particularly the recent U.S. strike on three nuclear facilities in Iran. This major military action, conducted with support from Israel, has raised fears of a wider conflict in the Middle East. 

The situation has also led to a rise in oil prices, which can harm countries like India that heavily depend on oil imports. This global uncertainty is adding pressure on investor sentiment, which is reflected in Gift Nifty’s decline. 

Read more: HAL Share Price Jumps Nearly 2% After It Wins New SSLV Bid 

Conclusion 

Despite Friday’s relief rally in Indian markets, Gift Nifty’s current levels suggest investors are remaining cautious amid rising global tensions. The weak start indicated by Gift Nifty highlights how global events continue to play a big role in shaping market mood and trading decisions. 

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