The Asian equity markets steadied after an initial sell-off triggered by concerns that renewed hostilities in the Middle East could disrupt energy supplies and weigh on global economic growth. Oil prices climbed after the United States launched another round of military strikes against Iran, raising concerns about a prolonged disruption to energy supplies. WTI crude futures for July delivery rose 2.94% to $92.68 a barrel, while Brent crude futures for August delivery gained 2.52% to $95.45 a barrel.
Global equity markets down on fresh escalation between US-Iran in the Middle East – Daily Market Update 11th June 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled sharply lower in range 1.5% to 1.98%.
- European equity markets, barring FTSE, ended on a negative note.
- Asian equity markets are trading lower.
- GIFT Nifty is down by 70 points, Nifty futures is likely to open around 23050 levels.
The Nifty index ended on a flat to negative note at 23215 spot levels after a volatile trading session.
Broader markets underperformed the benchmark as Mid and Small cap indices fell over 1% each.
All sectoral indices, barring FMCG and Pvt Bank index, ended in red. Among them, Media was the worst hit, down 2.36% followed by Realty, Metal, PSU Banks and Oil & Gas index that were down around 1.5% each. On the other hand, FMCG index was the best performer, rose over 1% closely followed by Pvt Bank index that gained 0.72%.
Gift Nifty is indicating a gap down opening for the domestic markets amid fresh round of escalation in the Middle East. Technically, Nifty index has been going through a consolidation range (23000-23500 spot levels). A decisive close below 23000 spot levels could drag the index towards 22700 and lower levels in immediate near term. Conversely, a sustained trading above 23500 spot levels could lead it towards a sustainable recovery.
Derivatives Overview & Outlook
Yesterday, Nifty futures shed around 1.5% of open interest as long unwinding whereas Midcapnifty futures were down around 2% without any significant change in the open interest. On the other hand, no significant changes were observed among Banknifty and Finnifty futures on open interest as well as on price front.
Majority of F&O sectors were down on short buildup, whereas some long unwinding was seen in Banking, Metal and New-Age stocks.
On options front, call writing along with some put addition was seen at multiple OTM strikes. Maximum positions are at 24000 CE followed by 23500 CE and 22000 PE followed by 22500 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 2125 Cr in the cash segment, bought index futures worth Rs 796 Cr and sold stocks futures worth Rs 1102 Cr. DIIs were net buyers in the cash segment to the tune of Rs 3124 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 23450-23600; Supports 23100-23000
Banknifty – Resistances 55600-56000; Supports 55000-54700
Finnifty – Resistances 25400-25500; Supports 25100- 25000
F&O stocks in ban today: KAYNES
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