Buy or sell stocks, 8 June 2026: The Indian stock market is set for a weak start to the week, with the Gift Nifty trading around the 23,110 mark compared to Friday’s Nifty close of 23,366, indicating a gap-down opening. The negative setup is largely being driven by a sharp deterioration in global risk sentiment, particularly across Asian markets.
The biggest concern this morning is the unwinding of the global AI-led rally. Asian equities witnessed significant selling pressure, with South Korea’s technology-heavy KOSPI plunging nearly 8%, triggering a temporary trading halt and extending its correction from recent record highs. Japan’s Nikkei also opened sharply lower, reflecting a broad risk-off mood across the region.
Adding to investor nervousness, renewed geopolitical tensions in the Middle East have pushed crude oil prices and the US dollar higher. Rising energy prices remain a key risk for India, given its dependence on imported crude, and could keep inflationary concerns elevated despite the RBI’s recent policy support.
What Gift Nifty live chart signals?
The Gift Nifty live chart shows a negative start to the new week, with the index trading around 250 points below Friday’s spot Nifty close. The Gift Nifty live chart opened today at 23,101 and touched an intraday low of 23,081 within a few minutes. By 7:15 AM, the index was oscillating around 23,110.
Stock market today
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the key indices of the Indian stock market may open sharply lower on Monday, as the Gift Nifty live chart is trading around 250 points below the spot Nifty close on Friday.
Speaking on the outlook for the Nifty 50 today, Vaishali Parekh said, “The 50-stock index witnessed a slightly volatile session, finding resistance near the 23500 zone and once again slipping, with profit booking seen to end the session near 23350 levels, with bias and sentiment still maintained in a cautiously positive approach.”
The Prabhudas Lilladher expert said the key benchmark index continues to move within a range, maintaining the strong support zone near the 23,200 level, whereas on the upside, the important 50-EMA level at the 23,900 zone is the resistance hurdle which needs to be breached decisively to establish conviction and trigger a fresh upward move in the coming days.
On the outlook for the Bank Nifty today, Vaishali Parekh said, the key index witnessed fluctuations during the session, finding resistance near the 54,850 zone, and amid volatility, closed near the 54,500 zone, with a cautiously positive bias, having no clear direction or conviction.
“The upside for the Bank Nifty index is capped near the tough resistance barrier of 55,500 zone, which needs to be breached above decisively, while the downside is maintained with strong support visible near the 53,000 zone, which needs to be sustained in the coming sessions,” said Parekh.
Vaishali Parekh’s stock recommendations for today
Regarding stocks to buy today, Vaishali Parekh recommended these three buy-or-sell stocks: Schneider Electric Infrastructure, Axis Bank, and INOX Green.
1] Schneider Electric Infrastructure: Buy at ₹1167; Target ₹1220, Stop Loss ₹1130;
2] Axis Bank: Buy at ₹1270, Target ₹1300, Stop Loss ₹1250; and
3] INOX Green: Buy at ₹172, Target ₹180, Stop Loss ₹168.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
