1
Index Activity
intraday + Gift live
Today's range
23,800–24,400
Bias
Cautious · deal-watch
Last close
24,032
2
India Snapshot
25 May 2026 · close
Nifty 50Highest close since Apr 15
24,032
▲ +1.32% +312
Sensex3rd straight session higher
76,489
▲ +1.42% +1074
Bank NiftyRate-cut hopes capped by yield warning
55,400
▲ +0.80% +440
Gift Nifty● Live
24,155
▲ +0.51% +123
3
Overnight World
d/d · pre-open
S&P 500 Fut7,539.00
▲ 0.7%Iran-deal optimism · pre-open
Dow Fut50,968.00
▲ 0.8%Risk-on · peace-trade bid
Nasdaq Fut29,815.50
▲ 0.8%Tech + chip recovery
Brent Crude95.02
▼ 8.9%4-week low · deal hopes; Strait still shut
Dollar Index99.24
▼ 0.1%Sub-100 · structurally weak
USD/INR95.22
▲ 0.0%Stale feed · rupee anchor unconfirmed
India VIX16.70
▼ 6.2%Compression; options premium easing
KOSPI8,110.60
▲ 3.5%Fresh record · peace-trade surge
Nikkei 22564,853.65
▼ 0.5%Dipped below 65,000 first-touch level
Hang Seng25,606.03
▲ 0.9%Moderate bid on Brent relief
ASX 2008,638.30
▼ 0.6%Energy drag offsetting risk-on
Gold~2,340
▲ 0.3%Held gains; inflation-hedge bid persists
4
Key Developments
post-close → pre-open
OIL
Brent crashed 8.9% to $95 — no deal signed, Strait still shut
OMC relief
One-day oil collapse on unconfirmed talks; physical supply disruption unchanged.
WAR
US strikes Iran's south while Qatar talks run in parallel
Geo premium
Kinetic escalation and diplomacy simultaneous; no ceasefire in force on any front.
FUEL
OMCs hike fuel ₹2.7/litre — 4th hike in 11 days, total ₹7.5–8
Inflation risk
Cumulative pass-through squeezes transport, aviation, fertiliser margins economy-wide.
NSE
NSE IPO DRHP filing targeted June 5–15
Capital mkts
Landmark liquidity event; BSE, CDSL, CAMS carry event-risk exposure into June.
5
Levels to Watch
technical
Nifty Support
23,800
break → Opens 23,600 gap and April low retest.
Nifty Resistance
24,200
break → Clears to 24,400 war-cycle resistance band.
BNF Support
55,000
break → 50-DMA zone; rate-cut deferral pressure intensifies.
BNF Resistance
55,800
break → Opens April high at 56,200–56,500.
6
Sectors
buy · sell · watch
▲ Buying
Oil & Gas
ONGC, Oil India — Brent $95 still elevated; upstream revenue intact.
Metals
Nifty Metal ▲18% YTD; aluminium cycle + domestic infra spend tailwind.
OMCs
HPCL, BPCL — Brent $95 eases import cost; fuel hike improves margin math.
▼ Selling
Aviation
IndiGo, Air India — ATF costs elevated; Strait shut, no confirmed relief.
Fertilisers
Subsidy bill at 75% overshoot risk; Coromandel, Chambal most exposed.
⟷ Watching
Banks
Rate cut structurally deferred; yield-stay-high thesis caps upside.
Realty
BJP capex positive vs duration risk; Puravankara, Kalpataru land-banking active.
7
Stocks in Focus
3 today
HPCL
▲
Brent $95 compresses import cost; 4th fuel hike in 11 days widens retail margin. OMC relief trade most direct Brent-drop beneficiary today.
JSWENERGY
Q4
Completed QIP overnight — equity dilution event confirmed; price, size undisclosed. Post-allotment discovery at open; existing holders face near-term overhang.
HINDALCO
fl
Q4 profit halved on exceptional charges; Novelis turnaround guided for FY27. Nifty Metal 18% YTD outperformance — valuations described as demanding at current levels.
8
Today's Calendar
events · IST
Pre-openIran-deal news flow watch · Brent direction sets session toneBelow $93 = gap-up holds; above $98 = fades
09:15India market open · OMC, metal, aviation first-print reactionGap-up likely; sustainability is the question
All dayJSW Energy post-QIP price discovery at openDilution quantum unconfirmed; stock volatile
June 5–15NSE DRHP filing window · SEBI review beginsBSE, CDSL, CAMS event-risk window opens
9
Flows & VIX
liquidity
FII · today
-₹1,847 Cr (Mon prov)
FPIs at HK conference flagged rupee drag<br>exits structural, not one-day.
DII · trend
+₹2,103 Cr (Mon prov)
SIP floor ₹32K Cr/mo absorbing FII outflow<br>structural support intact.
India VIX
16.7
▼ 6.2% d/d
VIX compression eases F&O premium<br>deal-break risk can spike rapidly.
Calm <15
Mod 15–20
Elev 20–25
Fear >25