GIFT Nifty futures are trading above 24,200, a level notably higher than Nifty's Monday close of 23,800, pointing to a positive opening for Indian equities despite the escalating conflict involving Iran. The gap between GIFT Nifty and the prior Nifty close suggests intraday upside of roughly 400 points at the open, a signal traders watch closely as a directional indicator for domestic markets. Geopolitical conflict has historically triggered initial sell-offs in emerging market equities, but the current futures positioning implies that buyers are absorbing risk rather than retreating. What to watch: whether the opening gap sustains through the session or fades as domestic institutional and foreign portfolio investor flows clarify direction. Oil price movement, which directly affects India's import bill and inflation trajectory, remains the most consequential variable tied to any Iran-related escalation for Indian markets.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
