1
Index Activity
intraday + Gift live
Today's range
23,700–24,300
Bias
Cautious · Brent-watch
Last close
23,913.70
2
India Snapshot
26 May 2026 · close
Nifty 50sub-24K · 2nd session
23,913.70
▼ -0.49% -118
Sensexbelow 76,100 · FII sell
76,009.70
▼ -0.63% -479
Bank Niftyrate-cut off table · RBI neutral
53,800
▼ -0.30% -160
Gift Nifty● Live
24,050
▲ +0.57% +136
3
Overnight World
d/d · pre-open
Brent Crude95.95
▼ 7.3%first touch below $96 · war-cycle low
Nasdaq Futures30,117
▲ 1.9%AI memory bid · SK Hynix +11%, Micron +19%
S&P 500 Futures7,544
▲ 0.7%4th straight gain · Iran deal optimism
Dow Futures50,600
▼ 0.1%industrials lag tech · narrow rally
USD/INR95.67
▲ 0.5%rupee weakens vs flat DXY · India-specific
Dollar Index99.09
▲ 0.0%flat · rupee underperforming peers
India VIX16.13
▼ 2.3%moderate band · options premiums easing
KOSPI8,359
▲ 3.5%SK Hynix $1T club · AI memory surge
Nikkei 22565,753
▲ 1.1%Iran-deal hopes · tech-led
Comex Gold4,517
▼ 0.5%holding loss · deal optimism dents safe-haven
US 10Y Yield4.51
▼ 0.06 bpspost-Memorial Day slide · Iran peace bets
Silver76.58
▼ 3.4%strong-dollar pullback · off $79.25 peak
4
Key Developments
post-close → pre-open
OIL
Brent crashes 7.3% to $95.95 — war-cycle low on Iran deal hopes
OMC relief
First close below $96 since Hormuz shut; OMC margins and aviation ATF costs reset sharply lower.
IRAN
US strikes Iran sites; ceasefire claim and fresh attacks coexist simultaneously
Crude binary
Deal optimism lifts equities but physical Hormuz transit remains disrupted; war is the overhang, not the verdict.
CHIP
SK Hynix crosses $1T market cap; AI memory rally lifts Asian indices to records
IT tailwind
HCL Tech, Dixon, Kaynes carry indirect AI-capex exposure; hyperscaler budgets expanding benefits IT clients.
OFS
Coal India OFS opens today at ₹412 floor — 2% government stake on offer
PSU pressure
Three-day supply overhang at ~10% discount pressures COALINDIA price through 29 May.
5
Levels to Watch
technical
Nifty Support
23,700
break → Opens 23,500 · March demand zone test
Nifty Resistance
24,300
break → Clears path to 24,577 · war-cycle high
BNF Support
53,500
break → Exposes 53,000 · 50-DMA zone
BNF Resistance
54,500
break → Opens 55,000 · rate-cut re-pricing zone
6
Sectors
buy · sell · watch
▲ Buying
Oil & Gas OMCs
Brent -7.3% directly expands HPCL, BPCL, IOC margins — sharpest single-session relief of the war.
Aviation
IndiGo ATF cost drops materially at $96 Brent; best single-session setup since February.
IT
Rupee at 95.67 boosts USD revenue conversion; AI capex tailwind lifts hyperscaler client budgets.
▼ Selling
Coal India
OFS at ₹412 floor creates 3-day supply overhang — direct price ceiling through 29 May.
Metals
Rupee weakness raises import cost; FII selling in cyclicals continues despite Brent relief.
⟷ Watching
Banking & NBFCs
Rate-cut thesis on hold; Brent crash could revive cut hopes — watch RBI commentary.
Renewables
CLEANMAX $575M raise and US-India minerals pact signal private capital inflow — timing uncertain.
7
Stocks in Focus
3 today
ONGC
Q4
PAT +46% YoY to ₹10,820 Cr in Q4; Brent crash at $96 dents upstream revenue versus war-cycle highs — dual exposure today.
INDIGO
▲
Brent -7.3% to $95.95 is the most powerful ATF cost relief since Hormuz shut; IndiGo directly exposed to the upside.
COALINDIA
fl
Government's 2% OFS at ₹412 floor — roughly 10% discount to Tuesday close — pins price through 29 May.
8
Today's Calendar
events · IST
Pre-openBrent action below $96 · Iran deal news flowOMC gap-up or fade
9:15 AMCoal India OFS Day 1 opens at ₹412 floorOverhang · 3-day window
10:00 AMLIC bonus record date approaching · Friday 29 MayPrice adjustment visible
EODFII provisional flows · Iran deal watchDeal = bull; silence = fade
9
Flows & VIX
liquidity
FII · today
-₹1,847 Cr
Iran confusion and rupee at 95.67 sustain outflow pressure.
DII · trend
+₹2,103 Cr
SIP-driven floor holds<br>domestic liquidity offsetting FII exit.
India VIX
16.13
▼ 2.3% d/d
Down 2.3% · Brent crash compresses near-term fear premium.
Calm <15
Mod 15–20
Elev 20–25
Fear >25