Indian Market Eyes Flat to Negative Open Amid Global Cues

The Indian market is anticipated to open flat to slightly negative on June 23, 2026, influenced by weak global cues, particularly from U.S. markets. The SGX Nifty indicates a muted start for the Nifty 50, reflecting investor caution. U.S. markets closed mixed on June 22, 2026, with the Dow Jones Industrial Average falling 0.15% and the S&P 500 down 0.04%, while the Nasdaq Composite gained 0.12%. Asian markets showed varied performance, with Japan's Nikkei 225 up 0.30%, South Korea's Kospi down 0.70%, and China's Shanghai Composite declining 0.40%. Foreign Institutional Investors (FIIs) were net sellers in the Indian market on June 22, 2026, offloading equities worth Rs 1,825.76 crore. Conversely, Domestic Institutional Investors (DIIs) bought equities totaling Rs 2,755.76 crore. Crude oil prices edged up 0.15% to $81.60 per barrel. Key support levels for the Nifty 50 are identified at 23,400-23,350, with resistance at 23,600-23,650.