India's Nifty rises 0.6% to 23,259.05 in pre-market trade

India’s Nifty 50 index rose 0.6% to 23,259.05 in pre-market trade on June 8, 2026, indicating a positive start for the session. The index is supported by a firm close on the previous trading day, where it gained 255.15 points (1.12%) to settle at 22,968.25 on April 6, 2026. The GIFT Nifty, a key indicator for the day’s opening, was trading at 23,048, up 0.21%, suggesting cautious but optimistic market sentiment.

The upward momentum is partly attributed to positive cues from global markets, with Asian indices closing higher such as Japan’s Nikkei and South Korea’s Kospi after Indian market hours. Additionally, Brent crude prices eased slightly to around $107 per barrel, while gold prices rose over 1% to ₹1.51 lakh per 10 grams, reflecting ongoing geopolitical concerns.

Technical indicators show that Nifty is approaching key levels. The immediate support is at 22,570, while the next resistance lies at 22,830. Traders remain cautious due to elevated volatility, with the India VIX above 25, signaling potential for wider intraday swings. Investors are advised to monitor global cues and geopolitical developments, which could influence market direction in the near term.