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

GIFT Nifty points to a softer start as crude stays elevated

Asian cues are mixed, US yields are higher, and crude remains firm. Nifty cues lean weak after FII selling and a weaker rupee backdrop.

Watch:05:25 President Trump Speaks19:30 Revised UoM Inflation Expectations19:30 Revised UoM Consumer Sentiment⚔ 23,300.00 = max-pain pivot

Why the tape looks like this

1

Gift Nifty at 23,135.00 (−0.74%) — soft open signalled

S&P closed −0.02%, Nikkei +1.23% — that's the overnight handoff Indian futures are pricing.

2

Options pin the tape at 23,300

PCR 0.73 (call-writer edge), spot 23,063.10. Writers own 23,000–24,000.

3

Brent $105.81 (−0.74%) · USD/INR 95.95

Softer crude eases the import bill and OMC marketing margins.

Global Cues

Overnight context
S&P 5007,704−0.0%
Dow51,350−0.3%
Nasdaq26,939+0.0%
FTSE 10010,680−0.2%
DAX25,267−0.6%
Nikkei66,318+1.2%
KOSPI7,081+0.9%
Hang Seng24,339−1.7%
Shanghai3,888−1.2%
Brent105.81−0.7%
WTI93.14−1.6%
Gold4,320+0.5%
USD/INR95.90.0%
DXY101.24−0.0%
US 10Y5.16+0.9%
Bitcoin84,327−0.1%
Ethereum2,679−0.3%

India VIX 12.69

Options Board

2026-09-29 expiry

PCR

0.73

call-writer edge

Max Pain

23,300

Spot

23,063.10

Put Wall

23,000

support

Call Wall

24,000

resistance

Open interest by strike

as of 15:44 IST
22,80022,85022,90022,95023,00023,05023,10023,15023,20023,25023,300
Call OI · resistance Put OI · supportATM 23,050

Key Developments

Overnight & pre-open

Day Ahead

Results · macro · corporate actions

Macro & corporate actions

4
05:25President Trump Speaksmacro
19:30Revised UoM Inflation Expectationsmacro
19:30Revised UoM Consumer Sentimentmacro
—LOTUSDEV: Dividend - Re 0.50 Per Sharecorp action

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