Indian equity markets traded in the green on June 16, supported by positive global cues, improving foreign investor sentiment and easing crude oil prices.
Indian equity markets opened higher on Tuesday, buoyed by strong global cues and improving foreign investor sentiment. Gains in major global indices and easing crude oil prices helped keep market momentum positive in early trade.
The benchmark indices started the session on a firm note, extending recent gains.
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The BSE Sensex rose 262 points to 76,526.77, while the NSE Nifty 50 advanced 70 points to 23,923.90 during early trading. The positive opening reflected growing confidence among investors amid improving domestic and international conditions.
Foreign investor flows boost market confidence
Market experts pointed to a recent turnaround in foreign institutional investor (FII) activity as a major factor supporting equities.
After weeks of uncertainty, FIIs have remained net buyers for two consecutive trading sessions, raising hopes that a significant pressure point for Indian markets could be easing.
Analysts believe sustained foreign inflows could provide additional support for equities in the coming weeks.
Global markets send encouraging signals
International markets offered mixed but largely supportive cues for investors.
Japan's Nikkei surged nearly 1 per cent, while South Korea's Kospi climbed more than 2 per cent. Hong Kong's Hang Seng index, however, traded lower.
Meanwhile, US markets continued their strong run, with technology stocks leading gains and investor sentiment improving following developments surrounding the proposed US-Iran agreement.
Crude oil prices ease after recent volatility
Oil prices showed signs of stabilising after recent fluctuations linked to tensions in the Middle East.
Brent crude slipped 0.31 per cent to around $82.91 per barrel, while US crude traded near $80.62 per barrel.
Investors continue to monitor developments related to the proposed US-Iran agreement and the gradual restoration of shipping activity through the Strait of Hormuz, a key route for global energy supplies.
Gold edges higher amid cautious optimism
While equities remained firm, gold prices also posted gains.
Gold futures rose 0.41 per cent as investors balanced optimism in risk assets with caution over geopolitical developments and global economic uncertainties.
Key levels to watch for Nifty and Sensex
Technical analysts remain positive on the near-term market outlook.
According to market experts, the Nifty's key support levels are seen around 23,750 and 23,550, while the Sensex has support near 76,000 and 75,700.
On the upside, resistance levels are placed near 24,000 and 24,100 for Nifty, and around 76,800 and 77,000 for Sensex.
Analysts believe the broader bullish trend is likely to remain intact as long as the indices stay above their crucial support zones.
Market participants are also closely watching the expected formal signing of the US-Iran agreement on June 19.
Experts caution that while sentiment has improved, volatility could remain elevated until greater clarity emerges on energy markets, geopolitical developments and the pace of global economic recovery.
(With ANI inputs)
Published: 16 Jun 2026, 10:23 am IST
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