Market News

5 min read | Updated on June 12, 2026, 08:08 IST
SUMMARY
The NIFTY50 and SENSEX are set to witness a gap-up open on Friday as investors focus on positive market cues, including lower oil prices and Asian market momentum amid signs of a peace deal in West Asia.

GIFT NIFTY futures were trading 0.24% higher at 23,458 points on Friday, June 12. | Image: Shutterstock
NSE data showed that the GIFT NIFTY futures indicated the benchmark NIFTY50 index is likely to open around 296 points or 1.27% higher on Tuesday, when compared to the previous index close level of Monday.
At 8:00 am, the GIFT NIFTY futures were trading 0.24% higher at 23,458 points on Friday, June 12.
The NIFTY50 index closed 0.23% lower at 23,161.60 points after Thursday’s trading session, compared to 23,214.95 points at the previous market close, as per the exchange data.
Meanwhile, the SENSEX index closed 0.20% lower at 73,832.55 points on June 12, compared to 73,983.18 points at the previous market close, as per BSE data.
On Friday, key focus of stock market investors will remain on monitoring updates on the timeline of United States and Iran signing a peace deal, while closing tracking oil prices along with the Indian rupee amid a continued trend of foreign investor outflows.
After the trading session on Thursday, the benchmark US market indices closed with gains on June 11, with investors focusing on positive global cues from West Asia, a sharp decline in oil prices and US bond yields dropping by 10 basis points.
The Dow Jones Industrial Average closed 1.86% higher at 50,848.75 points, the S&P 500 index closed 1.75% higher at 7,394.30 points, while the tech-heavy Nasdaq Composite ended 2.5% higher at 25,809.66 points on Thursday.
The indices were witnessing major support from the tech and semiconductor stocks as investors were fuelling major volume buying in chip stocks at corrected prices. This high volume momentum resulted in the benchmark indices closing with significant gains.
On Friday, June 12, the Asian stock market indices, like Japan’s Nikkei 225, Hong Kong-based Hang Seng, and South Korea’s KOSPI, among others, were witnessing a massive rally after a breakthrough between the United States and Iran, as investors focused on lower oil prices, tech sector bets fuelled by SpaceX IPO, and a rebounding US market.
MarketWatch data showed that the Nikkei 225 was trading 3.13% higher at 66,225 points on Friday, Hang Seng was up 1.49% to 24,610 points, China’s Shanghai Composite index was up 1% at 4,027 points, KOSPI was up 7% at 8,302 points, and Singapore’s FTSE was p 0.51% at 5,013 points.
US President Donald Trump, in a Truth Social post on Thursday evening, announced that all the scheduled military strikes and bombings against Iran have been cancelled as both countries, along with their partners in the West Asian region, have hit a breakthrough in negotiations.
“Discussions and final points have been, in both concept and great detail, approved by all parties involved,” said Trump in his post.
However, without disclosing further details of the points of a potential peace agreement, Trump said that the US Navy blockade of the Strait of Hormuz will remain in effect with “full force” until the deal is finalised.
President Trump also announced that the time and place of the “signing” will be announced soon, bringing relief to investors around the world in the 15th week of the war since the beginning back on February 28.
Crude oil prices dropped to under $90 per barrel (bbl) level on Friday’s market, India time, after the West Asia tensions eased over the breakthrough between the United States and Iran over the peace deal.
Global benchmark, Brent crude oil prices were trading 1.18% lower at $89.31 per bbl as of 7:38 am (IST) on Friday, compared to $89.12 per bbl at the previous commodity market close, according to Investing.com data.
Over the last one week, crude oil futures have declined by over 4% due to the impact of the improving geopolitical conditions.
The US-based West Texas Intermediate (WTI) crude oil prices were trading 1.08% lower at $86.76 per bbl as of 7:40 am (IST) on June 12, compared to $87.71 per bbl at the previous market close, as per the exchange data.
Foreign institutional investors (FII) sold shares worth around ₹1,987 crore across the capital market exchanges in a single day on Thursday, June 11, while the domestic investors added support by buying shares worth around ₹4,224 crore during the market hours.
In June 2026, the foreign investors have sold a total of ₹45,512 crore worth of assets from the Indian markets, according to National Securities Depository Limited (NSDL) data.
At 10:11 pm (ET), the New York Mercantile Exchange-based COMEX data showed that the gold prices were trading 2.5% higher at $4,440 per ounce on Thursday evening in the United States, compared to $4,114 per ounce at the previous market close.
Gold prices were trading higher on Friday, India time, after the traders fuelled the demand for the precious metal, as geopolitical tension signs cooled off the benchmark US dollar to an extent. Investors around the world buy or sell gold using US dollars, hence the two have an inverse relation.
Bloomberg US dollar spot index data showed that the US greenback was trading 0.07% lower at 99.785 as of 10:11 pm (ET) on Thursday, compared to the previous currency market close.
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