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Stock Market Update: GIFT Nifty Indicates Tepid Opening Amid US-Iran Deal Uncertainty
Stock Market LIVE: GIFT Nifty signals tepid open on uncertainty over US-Iran deal; Kospi at new high
Image: Business Standard
On June 1, 2026, the GIFT Nifty suggests a negative opening for the Nifty50 index, reflecting mixed global cues and uncertainty over the US-Iran trade deal. South Korea's Kospi reached a new high, while Brent crude prices rose amid escalating tensions in the Middle East.
- 01The GIFT Nifty futures were quoted at 23,714.50, down 39 points, indicating a slightly negative opening for the Nifty50 index.
- 02US President Donald Trump expressed a desire for a quick deal with Iran to prevent nuclear weapon acquisition, but emphasized the need for a careful approach.
- 03South Korea's Kospi index reached a new high, up 3.87%, while Japan's Nikkei 225 rose by 0.96%.
- 04Brent crude oil prices increased by 2.36% to $93.27 per barrel due to heightened tensions following Israel's military actions in Lebanon.
- 05Merritronix's IPO opens for subscription today, aiming to raise ₹70.03 crore, while Aureate Tradde's IPO will open soon, targeting ₹27.29 crore.
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On June 1, 2026, the GIFT Nifty indicated a slightly negative opening for the Nifty50 index, reflecting uncertainty surrounding the US-Iran trade deal. The futures were quoted at 23,714.50, down 39 points. US President Donald Trump stated that while he seeks a quick agreement with Iran to prevent nuclear weapon development, he is not willing to rush the negotiations. In the Asia-Pacific region, South Korea's Kospi reached a new high, increasing by 3.87%, while Japan’s Nikkei 225 rose by 0.96%. Conversely, Australia’s S&P ASX 200 saw a slight decline of 0.13%. In the US markets last Friday, the Dow Jones Industrial Average and the S&P 500 increased by 0.72% and 0.22%, respectively. Additionally, Brent crude oil prices rose by 2.36% to $93.27 per barrel amid escalating tensions in the Middle East. On the IPO front, Merritronix's initial public offering (IPO) opens today, aiming to raise ₹70.03 crore, while Aureate Tradde's IPO will open shortly, targeting ₹27.29 crore.
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The uncertainty surrounding the US-Iran deal may affect investor confidence and market performance, influencing trading decisions in India.
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