Gift Nifty points to a weak start; Brent, rupee stay under pressure
Gift Nifty is lower, Asia is mixed, and Brent is softer. The rupee has hit a two-month low, while Nifty expiry centres on 24,200 max pain and 1.36 PCR.
Why the tape looks like this
Gift Nifty at 24,276.50 (−0.49%) — soft open signalled
S&P closed −0.19%, Nikkei +1.74% — that's the overnight handoff Indian futures are pricing.
Options pin the tape at 24,200
PCR 1.36 (put-writer edge), spot 24,238.50.
Brent $88.75 (−0.53%) · USD/INR 96.44
Softer crude eases the import bill and OMC marketing margins.
Global Cues
Overnight contextIndia VIX 12.98
Options Board
2026-07-21 expiryPCR
1.36
put-writer edge
Max Pain
24,200
Spot
24,238.50
Open interest by strike
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47Educational market commentary only. Not SEBI-registered investment advice.