Indian equity markets are set to open on a positive note on Monday, June 22, 2026, with GIFT Nifty futures pointing 70 points higher to 24,126, signalling a recovery after Friday’s IT-led selloff. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
Indian benchmarks snapped a five-day winning streak on Friday, June 19, as heavy selling in information technology stocks dragged indices lower. The Sensex closed at 76,803, down 607 points (-0.78%), while the Nifty 50 settled at 24,013, falling 155 points (-0.64%). Infosys tumbled 6.48%, TCS dropped 3.04%, and HCL Tech lost 2.73% after Accenture cut its revenue growth outlook, raising concerns across the entire IT sector. On the positive side, Bharti Airtel gained 1.61%, Power Grid rose 1.35%, and Nestle India added 1.22%. Foreign Institutional Investors (FIIs) were net buyers on Friday at ₹4,859.07 crore, while Domestic Institutional Investors (DIIs) were net sellers at ₹1,159.64 crore. GIFT Nifty futures at +70 points to 24,126 suggest a gap-up open for Monday’s session.
₿ Crypto Market Update
Bitcoin (BTC) is trading at approximately ₹60.8 lakh (~$64,100) as of Monday morning, with the crypto market remaining range-bound. Ethereum (ETH) is at around ₹1,63,000 (~$1,724), down roughly 0.62% over the past 24 hours. Broader crypto sentiment is cautious as US-Iran geopolitical tensions and the prospect of a hawkish Federal Reserve continue to weigh on risk assets globally. The total crypto market cap remains near the $2.3 trillion mark, with traders watching key support levels closely.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 (Prev. Close) | 24,013 | -0.64% |
| GIFT Nifty (Indication) | 24,126 | +0.47% |
| Sensex (Prev. Close) | 76,803 | -0.78% |
| Bitcoin (BTC) | ₹60.8L / $64,100 | ~-0.5% |
| Ethereum (ETH) | ₹1,63,000 / $1,724 | -0.62% |
| Gold 24K (10g) | ₹1,46,080 | – |
| Gold 22K (10g) | ₹1,33,900 | – |
| Silver (1kg) | ₹2,49,900 | – |
| USD/INR | ₹94.46 | – |
| Crude Oil – WTI | $77.54/bbl | +0.27% |
| Crude Oil – Brent | ~$80/bbl | – |
📰 Top 5 Financial News Stories This Morning
- Accenture Revenue Warning Hammers Indian IT Stocks — Accenture slashed its revenue growth guidance, sending shockwaves through India’s IT sector on Friday. Infosys plunged 6.48%, TCS fell 3.04%, and HCL Tech lost 2.73% in a single session — a reminder of how closely Indian tech giants are tied to global consulting demand trends. Investors will watch for any management commentary or recovery in IT names this week.
- US-Iran Talks Begin, Crude Oil Prices Edge Higher — The first day of US-Iran nuclear talks on Monday triggered fresh geopolitical uncertainty, pushing crude oil prices higher. Brent crude is hovering near $80 per barrel, while WTI rose 0.27% to $77.54. Higher oil prices raise India’s import bill and could stoke inflation — a key risk for the RBI’s monetary policy stance heading into H2 2026.
- US Fed Signals Hawkish Turn; PCE Inflation Data in Focus This Week — The US Federal Reserve held rates steady at its last meeting but struck a more hawkish tone, with nearly half of FOMC members now pencilling in at least one rate hike before year-end. The Fed’s preferred inflation gauge — the PCE price index — is due this week and could be the key catalyst for global market direction. A hotter-than-expected reading may spook equity markets globally and put pressure on emerging market currencies including the rupee.
- FIIs Return as Net Buyers With ₹4,859 Crore Inflow on Friday — After weeks of volatile flows, Foreign Institutional Investors turned net buyers with ₹4,859.07 crore pumped into Indian equities on Friday, June 19. This sustained FII appetite, despite the IT-led selloff, signals broader confidence in India’s macro story. DIIs, by contrast, booked profits at ₹1,159.64 crore of net sales, suggesting domestic funds used the rally to lighten positions.
- Flipkart Leads Indian E-Commerce; D2C Brands Eye Festive Season — Brokerage data confirms Flipkart retained its lead as India’s top e-commerce platform by user engagement in June 2026, while Myntra continued to pull ahead of rivals in the fashion segment. With the festive season approaching in Q3, consumer-facing stocks — from retail to logistics — are on investor radar as earnings visibility improves for the second half of the year.
🔍 What to Watch Today
Three key things to track in today’s session: First, the IT sector recovery attempt — after Friday’s sharp fall, any stabilisation in Infosys, TCS, and Wipro will be closely monitored for signs that the sell-off was overdone. Second, crude oil movement as US-Iran talks progress — oil above $82/bbl could trigger renewed inflation concerns domestically. Third, watch the USD/INR pair around the 94.46 level; persistent rupee weakness could prompt RBI intervention. Also note that Indian markets will observe a trading holiday on June 26 for Muharram — investors may adjust positions accordingly ahead of the extended weekend.
Data sourced from NSE India, Goodreturns, Mudrex, Trading Economics, Upstox Market News, and live market feeds. Last updated: 8:00 AM IST, 22 June 2026. This article is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered advisor before making any investment decisions.
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