# Will the Stock Market Bounce Back Today? Gift Nifty Jumps 245 Points, Buoyed by Asian Markets and Softer Oil

> After two straight days of profit-booking, Gift Nifty is trading around 23,445 with a gain of nearly 245 points, raising hopes of a strong opening for domestic markets on Friday.

**Category:** Business · **Published:** 2026-06-12 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/business/kya-aja-sheyara-bajara-men-lautegi-raunaka-giphta-niphti-245-anka-charha-eshiyai-34

The domestic stock market faced profit-booking pressure for the second consecutive session on Thursday. With geopolitical tensions deepening in the Middle East and uncertainty hanging over global markets, investors trod cautiously, keeping the market choppy through the day. Looking to trim their risk, many investors cashed out their profitable positions, which left a visible strain on the key indices.

The silver lining was that every time the market slipped, buying emerged at lower levels, preventing any sharp slide. Now, ahead of Friday's session, the signals look encouraging. Gift Nifty is trading around 23,445 with a gain of nearly 245 points, lifting hopes of a strong start for the domestic market. A few solid factors are driving this upbeat mood.

## Strength in Asian Markets Lifts Investor Confidence
Cues from the global front are positive today. Major Asian stock markets are holding firm in the green, which is directly bolstering the confidence of Indian investors. Hong Kong's Hang Seng index is up 1.34 percent, the Shanghai Composite 0.91 percent, and Japan's Nikkei is trading nearly 4 percent higher. South Korea's Kospi index is also showing robust gains.

Experts believe this strength in Asian markets could leave its mark on the Indian market as well. If global cues remain favourable in the same way, the buying sentiment in the domestic market could grow even stronger.

## Easing Crude Oil Prices Bring Relief
Crude oil prices have softened in the international market. Brent crude is trading around $89.27 per barrel, down about 1.23 percent. This easing in oil prices is seen as good news for a large importer like India.

According to analysts, if crude oil stays cheap, the pressure of inflation could ease. At the same time, costs for the government and companies could come down, an effect that could be felt across both the stock market and the broader economy.

## 23,000 Emerges as Strong Support for Nifty
According to a report, Thursday's session saw heavy buying near the Nifty's 23,000 mark. Investors were seen buying on every dip, allowing this level to emerge as a strong support. Technical analysts say that as long as this level holds, the chances of any major weakness in the market remain low.

However, the persistent selling by foreign investors remains a worry. The outflow of foreign capital and the strength of the dollar also kept the rupee under pressure. Even so, buying by domestic institutional investors is keeping the market afloat.

For now, the market is trading cautiously, but amid positive signals. Investors' eyes remain fixed on the latest developments in the Middle East, the trend in foreign investment and the movement of global markets.

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