Morning Market Brief: GIFT Nifty Surges, India-Pakistan Developments in Focus, Nikkei Flat

The GIFT Nifty has a steady trade Setup for today. It is hovering at the 24,575, or 480 points higher, in the early hours.

Geopolitical concerns created negative sentiment which led to a steep decline in benchmark indices during the prior session. The Sensex ended its trading day at 79,454.47 after falling by 880.34 points which represents a 1.10% decline. The Nifty lost 265.80 points which represented a 1.10% decline to finish the day at 24008.

Asian markets

Asian markets began the week with a positive note, as there were hopes that tensions would ease between the US and China following the talks held by the two nations in Switzerland at the weekend. The Nikkei225 in Japan and the Topix, a broader index, both saw gains of 0.36%. South Korea's Kospi grew by 0.67% while the smaller global cues fell slightly.

US - China trade talks

Both sides made progress in their trade talks held over the weekend in Switzerland. US Treasury Secretary Scott Bessent described the talks as productive while China's Vice-Premier He Lifeng stated that the two countries had reached "an important consensus."

US market

Wall Street ended the week cautiously, as key indices showed minimal movement. Investors remained on edge in anticipation of trade talks. The stock market was uneasy after President Donald Trump made comments about potential Chinese tariffs.

Crude oil

Early Monday, oil prices rose modestly. Global benchmarks also showed modest gains. West Texas Intermediate (WTI), which is the benchmark for oil prices, rose 0.11%, to $61.09 a barrel.

Gold Rate Today

The gold price in India remained bullish, recording weekly gains of more than 3%. This was due to the global optimism sparked by the potential US-China talks and the progress made in the US/UK trade agreement. MCX Gold Futures for June 2025 ended the day slightly higher at Rs 96 535 per 10 grams.