Avsar.
Daily Brief · Pre-Market · 08:20 IST🟢 Risk-on

GIFT Nifty points to a firmer open as Asia and Wall Street rise

Gift Nifty is up 1.99% at 22,993.5, while Shanghai, Dow, S&P 500, Hang Seng, KOSPI and Nikkei are higher. Brent is at $105.37 and USD/INR is at 95.045 ahead of trade.

Watch:09:00 Fed Chairman Warsh Speaks HINDCOMPOS: Special Dividend - Rs 21 Per Share BANSALWIRE: Face Value Split (Sub-Division) - From Rs 5/- Per Share To Re 1/- Per Share⚔ 22,900.00 = max-pain pivot

Why the tape looks like this

1

Gift Nifty at 22,993.50 (+1.99%) — firm open signalled

S&P closed +0.33%, Nikkei +1.75% — that's the overnight handoff Indian futures are pricing.

2

Options pin the tape at 22,900

PCR 1.65 (put-writer edge), spot 22,997.35. Writers own 22,500–24,000.

3

Brent $105.37 (−0.52%) · USD/INR 95.05

Softer crude eases the import bill and OMC marketing margins.

Global Cues

Overnight context
S&P 5007,744+0.3%
Dow52,178+1.1%
Nasdaq26,713+0.1%
FTSE 10010,840+1.1%
DAX25,383+0.3%
Nikkei65,551+1.7%
KOSPI5,721+3.0%
Hang Seng24,319+1.1%
Shanghai3,733+0.7%
Brent105.37−0.5%
WTI95.81−0.7%
Gold4,185+0.4%
USD/INR95.00.0%
DXY102.00−0.1%
US 10Y5.09−1.9%
Bitcoin81,969−0.2%
Ethereum2,438−0.1%

India VIX 14.03

Options Board

2026-10-19 expiry

PCR

1.65

put-writer edge

Max Pain

22,900

Spot

22,997.35

Put Wall

22,500

support

Call Wall

24,000

resistance

Open interest by strike

as of 15:44 IST
22,75022,80022,85022,90022,95023,00023,05023,10023,15023,20023,250
Call OI · resistance Put OI · supportATM 23,000

Key Developments

Overnight & pre-open

Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a positive start; Asian shares trade higher

ET Markets07:32 ISTmarkets

Stock market outlook today, 16 Oct: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues

Why it matters — Stock market prediction for Friday, 16 October, 2026: Gift Nifty was trading around the 23,106 level, up nearly 118 poin

Mint06:49 ISTmarkets

RBI steps up rupee support, opens dollar window for oil companies

Why it matters — Indian Oil, Hindustan Petroleum and Bharat Petroleum will be allowed to access dollars under the facility from ​Monday,

BusinessLine07:07 ISTpolicy

RBI tightens forex derivatives framework to ensure orderly functioning of market

Why it matters — Banks required to maintain a Foreign Exchange Risk Reserve in cash with RBI; Central Bank to open a special window to me

BusinessLine07:31 ISTpolicy

Oil Price Today (October 16): Crude oil dips to $105 as Trump mulls easing restrictions on sanction-facing nations. What’s next?

Why it matters — Brent crude futures fell 41 cents, or 0.39%, to $105.51 a barrel, while US West Texas Intermediate crude futures decline

ET Markets07:55 ISTcommodities

Brent Crude Holds Above $105/Barrel, WTI Gains Sharply As Energy Supply Worries Mount

Why it matters — Meanwhile, the US military is once again drawing up plans to strike Iran, despite President Donald Trump having stated t

NDTV Profit07:10 ISTcommodities

Nestle India Q2 Review: Brokerages Cut Earnings Estimates, Target Price As Q2 Beat Fails To Ease Inflation Fears

Why it matters — Macquarie and Goldman Sachs cut their target prices and earnings estimates for Nestle India, warning that inflation coul

NDTV Profit07:28 ISTearnings

Day Ahead

Results · macro · corporate actions

Macro & corporate actions

5
09:00Fed Chairman Warsh Speaksmacro
—HINDCOMPOS: Special Dividend - Rs 21 Per Sharecorp action
—BANSALWIRE: Face Value Split (Sub-Division) - From Rs 5/- Per Share To Re 1/- Per Sharecorp action
—CRAMC: Interim Dividend - Rs 2 Per Sharecorp action
—HCLTECH: Interim Dividend - Rs 12 Per Sharecorp action

Reporting today

11
DLF#55PNB#68LTM#80FEDERALBNK#138BAJAJHFL#151OBEROIRLTY#174HSCL#259URBANCO#322JINDALSAW#383E2E#443CROMPTON#493

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