Daily Brief · Pre-Market · 08:20 IST🔴 Risk-off

Gift Nifty points to a muted start as crude stays firm

Global cues are mixed. Gift Nifty is lower, US indices ended softer, Brent and WTI eased, and rupee trade stays under watch near 95.94.

Watch:23:30 Federal Funds Rate23:30 FOMC Economic Projections23:30 FOMC Statement23,350.00 = max-pain pivot

Why the tape looks like this

1

Gift Nifty at 23,228.50 (−1.16%)soft open signalled

S&P closed −0.45%, Nikkei −0.14% — that's the overnight handoff Indian futures are pricing.

2

Options pin the tape at 23,350

PCR 0.66 (call-writer edge), spot 23,118.60. Writers own 21,700–25,000.

3

Brent $107.96 (−0.73%) · USD/INR 95.94

Softer crude eases the import bill and OMC marketing margins.

Global Cues

Overnight context
S&P 5007,586−0.4%
Dow52,093−0.6%
Nasdaq25,982−0.8%
FTSE 10010,658−0.4%
DAX25,402−0.2%
Nikkei63,396−0.1%
KOSPI6,650+0.3%
Hang Seng24,687+0.1%
Shanghai3,863−0.0%
Brent107.96−0.7%
WTI104.76−1.0%
Gold4,354+0.5%
USD/INR95.9+0.1%
DXY99.65+0.0%
US 10Y5.00+0.7%
Bitcoin75,898+0.4%
Ethereum2,404+0.3%

India VIX 13.43

Options Board

2026-09-22 expiry

PCR

0.66

call-writer edge

Max Pain

23,350

Spot

23,118.60

Put Wall

21,700

support

Call Wall

25,000

resistance

Open interest by strike

as of 15:45 IST
22,85022,90022,95023,00023,05023,10023,15023,20023,25023,30023,350
Call OI · resistance Put OI · supportATM 23,100

Key Developments

Overnight & pre-open

Day Ahead

Results · macro · corporate actions

Macro & corporate actions

25
23:30Federal Funds Ratemacro
23:30FOMC Economic Projectionsmacro
23:30FOMC Statementmacro
18:00Core Retail Sales m/mmacro
18:00Retail Sales m/mmacro
INDOTECH: Dividend - Rs 10 Per Sharecorp action
GRWRHITECH: Dividend - Rs 12 Per Sharecorp action
VIJAYA: Dividend - Rs 2 Per Sharecorp action
UNIDT: Dividend - Re 0.60 Per Sharecorp action
PPL: Dividend - Rs 2.40 Per Sharecorp action
BAIDFIN: Dividend - Re 0.10 Per Sharecorp action
MACPOWER: Dividend - Rs 1.50 Per Sharecorp action

Educational market commentary only. Not SEBI-registered investment advice.