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

GIFT Nifty points to a softer open as oil stays elevated

GIFT Nifty is lower, while Shanghai, S&P 500, Nasdaq and Nikkei are weaker. Brent and WTI are higher, gold is lower, and Nifty options show 0.8228 PCR with 22,850 max pain.

Watch:19:15 Flash Manufacturing PMI19:15 Flash Services PMI19:30 Revised UoM Consumer Sentiment⚔ 22,850.00 = max-pain pivot

Why the tape looks like this

1

Gift Nifty at 22,739.50 (−0.19%) — soft open signalled

S&P closed −1.21%, Nikkei −1.72% — that's the overnight handoff Indian futures are pricing.

2

Options pin the tape at 22,850

PCR 0.82 (call-writer edge), spot 22,687.65. Writers own 22,000–24,000.

3

Brent $113.93 (+0.67%) · USD/INR 94.81

Crude and the rupee set the imported-inflation backdrop for rate expectations.

Global Cues

Overnight context
S&P 5007,663−1.2%
Dow52,868+0.0%
Nasdaq26,009−2.6%
FTSE 10010,725−0.3%
DAX25,372−1.1%
Nikkei61,825−1.7%
KOSPI5,401−2.4%
Hang Seng22,982+0.2%
Shanghai3,611−1.3%
Brent113.93+0.7%
WTI100.24+0.8%
Gold4,033−0.7%
USD/INR94.80.0%
DXY101.68+0.1%
US 10Y4.95−3.8%
Bitcoin81,791+0.6%
Ethereum2,409+1.0%

India VIX 15.76

Options Board

2026-10-27 expiry

PCR

0.82

call-writer edge

Max Pain

22,850

Spot

22,687.65

Put Wall

22,000

support

Call Wall

24,000

resistance

Open interest by strike

as of 15:44 IST
22,45022,50022,55022,60022,65022,70022,75022,80022,85022,90022,950
Call OI · resistance Put OI · supportATM 22,700

Key Developments

Overnight & pre-open

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

ET Markets07:25 ISTmarkets

Stock market outlook today, 23 Oct: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues

Why it matters — Stock market prediction for Friday, 23 October, 2026: Gift Nifty was trading around the 22,800 level, up nearly 165 poin

Mint06:46 ISTmarkets

Stock Market Today: Gift Nifty, US Tech Stocks Selloff To Oil Prices; Five Key Factors For Sensex, Nifty 50 On October 23

Why it matters — Asian markets fell, while the US stock market ended mostly lower on concerns over AI spending and and elevated crude oil

NDTV Profit07:01 ISTcommodities

Sensex today | Stock Market Live: Stock to buy today: Federal Bank (347) – BUY

Why it matters — Sensex, Nifty, Share Prices LIVE: Federal Bank share price can higher to ₹400

BusinessLine07:53 ISTpolicy
C

Q2 Results LIVE Updates: Swiggy reacts to results; Four Nifty stocks, including Infosys report today

CNBC TV1807:42 ISTearnings

Gold heads for sharpest weekly decline in four months on Fed rate outlook

Why it matters — Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices

ET Markets07:56 ISTpolicy

Sensex today | Stock Market Live: Markets likely to open higher, but oil surge clouds outlook; eMudhra, Hatsun Agro, HPCL stocks in focus

Why it matters — Sensex, Nifty, Share Prices LIVE: Indian shares are set to open higher on Friday after three sessions of losses, though

BusinessLine08:11 ISTcommodities

Day Ahead

Results · macro · corporate actions

Macro & corporate actions

17
19:15Flash Manufacturing PMImacro
19:15Flash Services PMImacro
19:30Revised UoM Consumer Sentimentmacro
19:30Revised UoM Inflation Expectationsmacro
—IRFC: Interim Dividend - Rs 1.15 Per Sharecorp action
—TECHM: Interim Dividend - Rs 15 Per Sharecorp action
—BEPL: Interim Dividend - Re 1 Per Sharecorp action
—OBEROIRLTY: Interim Dividend - Rs 2 Per Sharecorp action
—772GS2055: Interest Paymentcorp action
—ICICIGI: Interim Dividend - Rs 7 Per Sharecorp action
—360ONE: Interim Dividend - Rs 7.50 Per Sharecorp action
—MODISONLTD: Interim Dividend - Rs 4 Per Sharecorp action

Reporting today

12
INFY#10ADANIPOWER#18JSWSTEEL#26SHRIRAMFIN#39TORNTPHARM#52TMCV#58CGPOWER#70BPCL#78SBIFUNDS#87JINDALSTEL#100DRREDDY#103OFSS#125

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