NIFTY50, SENSEX: Asian markets crash, FII move, oil prices, other key things to know before market opens on June 8

NSE data showed that the GIFT NIFTY futures in Ahmedabad indicate the benchmark NIFTY50 is likely to open around 215 points or 0.92% lower on Monday, when compared to the previous index close levels last week.

At 8:05 am, the GIFT NIFTY futures were trading 0.23% higher at 23,151.50 points ahead of the opening bell as investors focused on the weak market momentum from the Asian market crash.

The NIFTY50 index closed 0.21% or 49 points lower at 23,366.70 points after the trading session on Friday, June 5, compared to 23,416.55 points at the previous market close, according to NSE data.

The BSE SENSEX index closed 0.16% or 116 points lower at 74,243 points after the market session on June 5, compared to 74,360 points at the previous trading close, according to the exchange data.

On Monday, the key focus of the stock market investors will remain on the weak global market cues, and the risk of a momentum impact on Indian stocks after a bloodbath in Asian markets, as the ongoing third round of peace deal talks between the United States and Iran have failed to yield any positive outcome so far.

Key things to know before market opens today

Asian markets crash

The benchmark Asian market indices crashed after the markets opened on Monday, June 8, dragged down by the Korean stock index, KOSPI, which plummeted nearly 9% to a lower circuit level amid the latest round of attacks in West Asia.

KOSPI index heavyweights like Samsung and SK Hynix, which remained heavily dependent on the supply chain dynamics, dragged down the benchmark index, weakening the overall sentiment amongst Asian stocks.

After the massive sell-off on Monday, the trading in Korean markets was suspended for 20 minutes to break the outflows before resuming again. KOSPI was trading 5.2% lower at 7,734 points in the second round of trading on June 8.

Monday’s bloodbath on the equity market is likely due to the global macroeconomic caution triggered by the recent escalations, weak South Korean Won, and massive outflows from the Asian markets.

MarketWatch data showed that Japan’s Nikkei 225 was down 4.2% to 63,804 points, Hong Kong-based Hang Seng was down 1.34% to 24,630 points, China’s Shanghai was down 1% to 3,984 points, while Singapore-based FTSE was down 1.4% to 4,978 points on Monday’s market.

West Asia conflict update

Latest media reports showed that Iran launched missiles into Israel in response to the country attacking Lebanon last week, in violation of the US-brokered ceasefire deal between the two nations.

After Iran’s retaliation over the weekend, the Israel Defence Forces (IDF) on Monday morning attacked the central and western regions of Iran, even after US President Donald Trump reportedly told Israeli Prime Minister Benjamin Netanyahu to “hold off” on a retaliatory attack.

According to an Al Jazeera report, around 10 ballistic missiles were launched at Iran, and explosions were witnessed in Iran’s capital city of Tehran, and other cities like Tabriz and Isfahan on Monday.

Iranian authorities have also threatened to block another key maritime trade corridor, the Bab Al-Mandab, which is a key chokepoint connecting the Red Sea with the Gulf of Aden, guarded by the nearest country, Yemen, on land.

Crude oil prices

Crude oil prices surged by around 3.5% after the latest round of attacks in West Asia, as investors became increasingly cautious with frequent escalations over the weekend, as the conflict entered its 15th week since its beginning on February 28.

Investing.com data showed that global benchmark Brent crude oil prices were trading 3.5% higher at $96.39 per barrel (bbl) during early hours on Monday, June 8, compared to $93.09 per bbl at the previous stock market session.

The US-based WTI crude oil futures were also trading 3.57% higher at $93.76 per bbl on Monday, India time, compared to $90. 54 per bbl at the previous commodity market close, as per the exchange data.

FII move

NSE data showed that the foreign institutional investors (FIIs) continued their selling streak, shedding around ₹8,776 crore worth of capital market assets across the stock exchanges in a single day on Friday’s market session last week.

Although the domestic investors remained the buyers of equities, the cautious sentiment of investors after the Reserve Bank of India’s (RBI) latest round of inflation and growth estimates weighed down the benchmark indices.

Domestic investors purchased around ₹9,133 crore worth of assets across the stock exchanges in a single day on Friday, June 5, 2026.

Gold prices today

New York Mercantile Exchange-based COMEX data showed that the gold prices were trading 0.55% lower at $4,341.30 per ounce as of 10:09 pm (ET) in the United States, compared to $4,365.30 per ounce at the previous market close.

The gold prices were trading lower on Sunday evening in New York due to the renewed demand for the US dollar amid the heightened market uncertainty. Traders are likely to avoid buying precious metals like gold at a higher dollar rate as they will be able to purchase a lower quantity at an elevated price.

Bloomberg US dollar spot index (DYX) data showed that the US greenback was trading 0.04% higher at 100.104 as of 10:10 pm (ET), as the currency breached the psychological level due to the latest round of escalation moves.