{"id":14984,"date":"2026-06-11T04:00:22","date_gmt":"2026-06-11T04:00:22","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/finance\/nifty-sensex-open-lower-oil-spike\/"},"modified":"2026-06-11T04:02:02","modified_gmt":"2026-06-11T04:02:02","slug":"nifty-sensex-open-lower-oil-spike","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/nifty-sensex-open-lower-oil-spike\/","title":{"rendered":"Nifty slips, Sensex falls at open as oil jumps on US\u2013Iran strikes"},"content":{"rendered":"
\"Nifty<\/figure>\n\n\n

Indian equities opened sharply lower on Thursday, with the Sensex<\/strong> falling over 400 points and the Nifty 50<\/strong> slipping below 23,100<\/strong>, as a spike in crude prices following fresh US strikes on Iran and weak global cues hit risk appetite.<\/p>\n\n\n\n

Market overview<\/h2>\n\n\n\n
Index<\/strong><\/th>11 Jun 2026 Open \/ Early Trade<\/strong><\/th>Move & % Change<\/strong><\/th>Comments<\/strong><\/th><\/tr><\/thead>
Sensex<\/strong><\/td>approx. 73,550<\/td>about -400 pts<\/strong> (around -0.5%)<\/td>Gapped lower, extended pre-open losses on oil, global risk-off.<\/td><\/tr>
Nifty 50<\/strong><\/td>approx. 23,080<\/strong><\/td>about -135 pts<\/strong> (around -0.6%)<\/td>Dropped below 23,100 after weak global cues and higher crude.<\/td><\/tr>
Bank Nifty<\/strong><\/td>approx. 54,900<\/td>about -200 pts (around -0.4%)<\/td>Continued profit booking after Wednesday\u2019s 55,100 close.<\/td><\/tr>
India VIX<\/strong><\/td>n.a.<\/td>n.a.<\/td>Volatility expected higher amid geopolitical tensions.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Note: figures are approximate; final exchange data not available at time of publication.<\/p>\n\n\n\n

    \n
  • GIFT Nifty<\/strong> traded near 23,122<\/strong>, about 117 points<\/strong> below previous Nifty futures close.<\/li>\n\n\n\n
  • Asian equities tracked Wall Street losses after a stronger US inflation print.<\/li>\n\n\n\n
  • Brent futures climbed to around 94.5\u201395 dollars<\/strong> a barrel, WTI near 91.7 dollars<\/strong>.<\/li>\n\n\n\n
  • Closure of the Strait of Hormuz and US\u2013Iran strikes raised supply and inflation concerns.<\/li>\n<\/ul>\n\n\n\n

    Key market statistics<\/h2>\n\n\n\n
    Statistic<\/strong><\/th>Value\/Change<\/strong><\/th>Context<\/strong><\/th><\/tr><\/thead>
    Rupee vs USD<\/strong><\/td>95.60<\/strong>, down 35 paise<\/td>Weaker open as higher oil revives external deficit worries.<\/td><\/tr>
    Gold (Delhi, 24k)<\/strong><\/td>\u20b91,19,200 \/ 8g<\/strong><\/td>Safe-haven demand firm amid geopolitical tensions.<\/td><\/tr>
    Benchmark 6.94% 2036 yield<\/strong><\/td>Seen 6.92%\u20136.98%<\/td>Bond traders expect further selloff as oil rises.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
      \n
    • Traders cited likely Reserve Bank of India intervention to curb excessive rupee weakness.<\/li>\n\n\n\n
    • Overnight index swaps were expected to edge higher, tracking crude.<\/li>\n<\/ul>\n\n\n\n

      Global cues<\/h2>\n\n\n\n
      Market\/Asset<\/strong><\/th>Movement<\/strong><\/th>Notes<\/strong><\/th><\/tr><\/thead>
      MSCI Asia ex-Japan<\/strong><\/td>down 0.9%<\/strong><\/td>Dragged by a 3% fall in South Korea\u2019s KOSPI.<\/td><\/tr>
      Nikkei 225 futures (OSE)<\/strong><\/td>down 1.2%<\/strong><\/td>Japan equities weakened after US inflation surprise.<\/td><\/tr>
      Topix<\/strong><\/td>down 1.2%<\/strong><\/td>Broad-based selling in Japanese shares.<\/td><\/tr>
      S&P\/ASX 200<\/strong><\/td>down 0.4%<\/strong><\/td>Australia tracked global risk-off mood.<\/td><\/tr>
      Hang Seng<\/strong><\/td>down 0.1%<\/strong><\/td>Mild decline, relatively resilient in Asia.<\/td><\/tr>
      Shanghai Composite<\/strong><\/td>down 0.2%<\/strong><\/td>Marginal losses in mainland China.<\/td><\/tr>
      Euro Stoxx 50 futures<\/strong><\/td>down 0.5%<\/strong><\/td>Europe set for weaker open.<\/td><\/tr>
      Brent crude<\/strong><\/td>around +95 dollars<\/strong><\/td>Spiked after US\u2013Iran escalation and Hormuz closure.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        \n
      • US S&P 500 futures were little changed after an earlier selloff in semiconductor stocks.<\/li>\n\n\n\n
      • US inflation was reported at 4.2%<\/strong>, reinforcing expectations of higher-for-longer rates.<\/li>\n<\/ul>\n\n\n\n

        Sectoral action<\/h2>\n\n\n\n
        Sector\/Index<\/strong><\/th>Direction (approx.)<\/strong><\/th>Key Drivers<\/strong><\/th><\/tr><\/thead>
        IT<\/strong><\/td>down<\/td>Stocks like HCL Tech<\/strong> fell up to 2%<\/strong> at open.<\/td><\/tr>
        Consumer \/ Paints<\/strong><\/td>down<\/td>Asian Paints<\/strong> dropped around 2%<\/strong> in early trade.<\/td><\/tr>
        Banks<\/strong><\/td>down<\/td>Bank Nifty extended profit booking from 55,500\u201355,600 zone.<\/td><\/tr>
        Energy & Oil-linked<\/strong><\/td>mixed to up<\/td>Benefited from higher crude price expectations.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
          \n
        • Early trade showed broad-based declines, with defensives relatively better bid.<\/li>\n\n\n\n
        • Banking stocks still traded above the 20-day EMA, keeping the broader trend constructive.<\/li>\n<\/ul>\n\n\n\n

          Key movers and deals<\/h2>\n\n\n\n

          Top block and bulk deals<\/h3>\n\n\n\n
          Stock<\/strong><\/th>Sector<\/strong><\/th>Notable Factor<\/strong><\/th><\/tr><\/thead>
          Lenskart Solutions<\/strong><\/td>Retail \/ Eyewear<\/td>3.8 crore<\/strong> shares traded pre-market at \u20b9490<\/strong>, about \u20b91,862 crore<\/strong> block.<\/td><\/tr>
          CMR Green Technologies<\/strong><\/td>Metals recycling<\/td>Goldman Sachs India Equity Portfolio bought 19.41 lakh<\/strong> shares at \u20b9256.64<\/strong>.<\/td><\/tr>
          Sapphire Foods India<\/strong><\/td>QSR<\/td>T. Rowe Price bought 24.62 lakh<\/strong> shares; Govt of Singapore sold 21.8 lakh<\/strong>.<\/td><\/tr>
          Meesho<\/strong><\/td>E-commerce<\/td>Fidelity vehicles sold 5.97 crore<\/strong> shares at around \u20b9165<\/strong> each.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
            \n
          • Abu Dhabi Investment Authority vehicle Platinum Jasmine<\/strong> planned to sell a 2.3%<\/strong> stake in Lenskart<\/strong>, worth up to \u20b91,944 crore<\/strong>.<\/li>\n\n\n\n
          • Lenskart stake sale followed recent stake trimming by other large investors.<\/li>\n<\/ul>\n\n\n\n

            Corporate and banking developments<\/h3>\n\n\n\n
              \n
            • Power Grid Corporation of India<\/strong> board cleared SCADA system upgradation worth \u20b9485.04 crore<\/strong>.<\/li>\n\n\n\n
            • Power Grid also approved an unsecured term loan of JPY 80 billion<\/strong> from JBIC and others.<\/li>\n\n\n\n
            • Venkata S V<\/strong> was appointed Chief Financial Officer of Power Grid effective 1 July<\/strong>.<\/li>\n\n\n\n
            • Central Bank of India<\/strong> raised FCNR(B) deposit rates by up to 253 bps<\/strong>, with up to 6%<\/strong> for 3\u20135 years.<\/li>\n\n\n\n
            • Punjab National Bank<\/strong> revised FCNR(B) rates up to 6.10%<\/strong>, targeting about 2.5 billion dollars<\/strong> mobilization.<\/li>\n\n\n\n
            • PPAP Automotive<\/strong> entered a strategic partnership with Hutchinson<\/strong> to manufacture advanced body sealing systems in India.<\/li>\n\n\n\n
            • Deccan Gold Mines<\/strong> agreed to invest \u20ac1.76 million<\/strong> for a 51%<\/strong> stake in Spain\u2019s Logrosan Minera SL by March 2027.<\/li>\n\n\n\n
            • Vascon Engineers<\/strong> received an LoI worth \u20b9347.43 crore<\/strong> from CPWD for RBI quarters redevelopment in Guwahati.<\/li>\n\n\n\n
            • Zee Entertainment Enterprises<\/strong> board approved plans to raise at least \u20b92,300 crore<\/strong> in one or more tranches.<\/li>\n<\/ul>\n\n\n\n

              Technical outlook: Nifty, Sensex and Bank Nifty<\/h2>\n\n\n\n
                \n
              • Nifty 50<\/strong> closed Wednesday at 23,214.95<\/strong>, down 27.15 points<\/strong>.<\/li>\n\n\n\n
              • The index formed a gravestone doji-like pattern, signalling rejection at higher levels.<\/li>\n\n\n\n
              • Significant call writing was seen at 23,300<\/strong> and 23,400<\/strong> strikes; puts at 23,200<\/strong> and 23,000<\/strong>.<\/li>\n\n\n\n
              • Immediate Nifty support: 23,100<\/strong>, then 23,000<\/strong>; resistance: 23,450<\/strong>, then 23,600<\/strong>.<\/li>\n\n\n\n
              • Analysts flagged the 23,000\u201323,100<\/strong> band as a key support zone.<\/li>\n\n\n\n
              • A close below 23,000<\/strong> could open downside towards 22,700\u201322,750<\/strong>.<\/li>\n\n\n\n
              • Sensex<\/strong> closed Wednesday at 73,983.18<\/strong>, up 64.42 points<\/strong>, forming an inverted hammer-like candle.<\/li>\n\n\n\n
              • Sensex resistance is seen near 74,300<\/strong>; support around 73,600\u201373,500<\/strong>.<\/li>\n\n\n\n
              • Bank Nifty<\/strong> ended Wednesday at 55,100.30<\/strong>, down 94.20 points<\/strong>, with a small-bodied candle and upper wick.<\/li>\n\n\n\n
              • Immediate Bank Nifty support lies at 54,700\u201354,600<\/strong>, then 54,200\u201353,800<\/strong>.<\/li>\n\n\n\n
              • Resistance for Bank Nifty is placed at 55,500\u201355,600<\/strong>; a break could target 56,000\u201356,500<\/strong>.<\/li>\n<\/ul>\n\n\n\n

                FAQs<\/h2>\n\n\n\n

                Q: Why did Nifty and Sensex open lower today?<\/strong><\/p>\n\n\n\n

                  \n
                • Renewed US\u2013Iran tensions, a spike in Brent crude near 95 dollars, weak Asian markets and a softer rupee weighed on sentiment, pulling the indices down at the open.<\/li>\n<\/ul>\n\n\n\n

                  Q: What are the key support and resistance levels for Nifty 50 now?<\/strong><\/p>\n\n\n\n

                    \n
                  • Immediate support is in the 23,100\u201323,000<\/strong> zone, while resistance is seen around 23,450\u201323,550<\/strong>, then 23,600<\/strong>, based on recent options activity and chart patterns.<\/li>\n<\/ul>\n\n\n\n

                    Q: Which stocks and sectors are in focus in early trade?<\/strong><\/p>\n\n\n\n

                      \n
                    • Lenskart<\/strong> after a large block deal and planned ADIA stake sale, IT<\/strong> and consumer<\/strong> names like HCL Tech<\/strong> and Asian Paints<\/strong> on early declines, and banks<\/strong> as they digest profit booking and higher global yields.<\/li>\n<\/ul>\n\n\n\n

                      Frequently Asked Questions<\/h2>\n\n\n\n

                      Why did Nifty and Sensex open lower today?<\/h3>\n\n\n\n

                      Renewed US\u2013Iran tensions, a spike in Brent crude near 95 dollars, weak Asian markets and a softer rupee hit risk appetite, dragging both indices lower at the open.<\/p>\n\n\n\n

                      What are the key support and resistance levels for Nifty 50 now?<\/h3>\n\n\n\n

                      Analysts see support in the 23,100\u201323,000 zone and resistance around 23,450\u201323,550, then 23,600, with a close below 23,000 potentially opening downside towards 22,700\u201322,750.<\/p>\n\n\n\n

                      Which stocks and sectors are in focus in early trade?<\/h3>\n\n\n\n

                      Lenskart after a large block deal and ADIA stake sale plan, IT and consumer names like HCL Tech and Asian Paints on early declines, and banking stocks as they face profit booking but remain above key moving averages.<\/p>\n","protected":false},"excerpt":{"rendered":"

                      Sensex opens over 400 pts lower and Nifty trades below 23,150 as US\u2013Iran tensions lift crude, pressure rupee and banks; Lenskart block deal, Power Grid loan plan in focus.<\/p>\n","protected":false},"author":15,"featured_media":14985,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_ayudawp_aiss_exclude":false,"_ayudawp_aiss_summary":"Indian equities opened sharply lower on Thursday, with the Sensex falling over 400 points and the Nifty 50 slipping below 23,100, as a spike in crude prices following fresh US strikes on Iran and weak global cues hit risk appetite. GIFT Nifty traded near 23,122, about 117 points below previous Nifty futures close. Technical outlook: Nifty, Sensex and Bank Nifty.","_ayudawp_aiss_summary_provider":"extractive","_ayudawp_aiss_summary_hash":"ed9c1e0d48943f34cba47de3bb9a91205ab95b49","footnotes":""},"categories":[512],"tags":[],"class_list":["post-14984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"blocksy_meta":[],"uagb_featured_image_src":{"full":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-open-lower-oil-spike-banner.png",1200,640,false],"thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-open-lower-oil-spike-banner-150x150.png",150,150,true],"medium":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-open-lower-oil-spike-banner-300x160.png",300,160,true],"medium_large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-open-lower-oil-spike-banner-768x410.png",768,410,true],"large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-open-lower-oil-spike-banner-1024x546.png",1024,546,true],"1536x1536":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-open-lower-oil-spike-banner.png",1200,640,false],"2048x2048":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-open-lower-oil-spike-banner.png",1200,640,false],"web-stories-poster-portrait":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-open-lower-oil-spike-banner-640x640.png",640,640,true],"web-stories-publisher-logo":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-open-lower-oil-spike-banner-96x96.png",96,96,true],"web-stories-thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/nifty-sensex-open-lower-oil-spike-banner-150x80.png",150,80,true]},"uagb_author_info":{"display_name":"Team Lemonn","author_link":"https:\/\/lemonn.co.in\/blog\/author\/yudh\/"},"uagb_comment_info":0,"uagb_excerpt":"Sensex opens over 400 pts lower and Nifty trades below 23,150 as US\u2013Iran tensions lift crude, pressure rupee and banks; Lenskart block deal, Power Grid loan plan in focus.","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=14984"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14984\/revisions"}],"predecessor-version":[{"id":14986,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14984\/revisions\/14986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/14985"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=14984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=14984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=14984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}