Crude jump weighs on rupee; GIFT Nifty points to a softer start
Brent at 91.98, WTI at 85.09 and a 0.91 PCR keep the tone cautious. Shanghai, Dow and S&P 500 were firmer, while Hang Seng was lower.
Why the tape looks like this
Gift Nifty at 24,155.50 (+0.13%) — firm open signalled
S&P closed +0.89%, Nikkei +1.93% — that's the overnight handoff Indian futures are pricing.
Options pin the tape at 24,200
PCR 0.92 (call-writer edge), spot 24,187.70.
Brent $91.98 (+1.07%) · USD/INR 96.23
Crude and the rupee set the imported-inflation backdrop for rate expectations.
Global Cues
Overnight contextIndia VIX 12.60
Options Board
2026-07-28 expiryPCR
0.92
call-writer edge
Max Pain
24,200
Spot
24,187.70
Open interest by strike
as of 15:45 ISTKey Developments
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56Educational market commentary only. Not SEBI-registered investment advice.