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Gift Nifty sinks 150 pts as global jitters rattle market

Middle East tensions, oil spike set the stage for a shaky market open

Middle East tensions, oil spike set the stage for a shaky market openAdobe Stock

Gift Nifty threw up a warning sign this morning (June 23, 2025), dropping 150 points in pre-market action. The message? Buckle up as it’s going to be a nervy start for Indian markets.

Blame it on the global mood. With fresh tensions flaring up in the Middle East, oil climbing higher, and US markets looking shaky, traders are clearly playing it safe. The buzz of last week’s rally? It’s gone quiet for now.

What’s going on?

  • Gift Nifty futures hovered near 24,870, down about 0.6 per cent (as of 9:30 am).
  • Asian markets are deep in the red. US futures aren’t helping either — both reflecting growing unease over geopolitical tensions and rising oil prices.
  • Crude is back in focus, with prices firming up as traders worry about supply shocks.

Why it matters to investors

Gift Nifty sets the tone for how the Nifty 50 could kick off the day. A 150-point slide means we’re probably staring at a soft open – unless something flips dramatically before the bell.

If you’re trading intraday or keeping an eye on index levels, today’s pre-market is a clear heads-up: the mood’s cautious, and momentum could stay weak unless global cues improve.

What should investors do?

  • Short-term traders: Watch the charts closely. If Nifty cracks below 24,850, more downside could open up.
  • Long-term investors: Days like these come and go. It’s the fundamentals of your stocks and India’s macro story that will matter, not pre-market jitters.

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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.

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