Premarket Report – March 04, 2026
Premarket Updates
- GIFT Nifty Signals Sharp Weakness: GIFT Nifty futures at 24,400 (-2.37%) from previous close of 24,992, pointing to a weak opening amid Middle East tensions and oil surge.
- Asia Markets Tumble: Nikkei plunges 3.89% on risk-off sentiment, Hang Seng down 1.93%, Shanghai Composite slips 0.79%.
- Bank Nifty Futures Soft: Bank Nifty futures around 59,800 (-2.10%); banking sector faces FII selling pressure.
- Midcaps Under Pressure: Nifty Midcap futures indicate 1.8% downside from global cues and profit booking.
- Rupee Weaker: USD/INR at 87.80 (+0.45%), influenced by dollar strength and oil import concerns.
- FII Flows Negative: FII net sellers Rs 3,295 Cr on Mar 2; DIIs strong net buyers Rs 8,594 Cr.
- Sector Focus: Energy & metals in spotlight on oil spike; IT faces AI automation concerns.
- IT Futures Weak: Nifty IT futures show 1.6% negativity on global tech and job automation worries.
Global Market Insights
US Markets (Close Mar 3)
- Dow Jones: 48,977.92 (-1.05%)
- S&P 500: 6,878.88 (-0.43%)
- Nasdaq: 22,668.21 (-0.92%)
- VIX (CBOE): Rises to 19.80 (+6.20%)
US indices lower on Iran tensions and AI sector rotation concerns.
Asia & Europe (Mar 4 Premarket)
- Shanghai Composite: -0.79%
- Nikkei 225: -3.89%
- FTSE Futures: -0.25%
- DAX Futures: -0.40%
Asian markets sharply lower on geopolitical risks; European futures cautious.
Commodities & Forex
- Brent Crude: $82.04 (+0.79%)
- Gold: $5,160 (+0.71%)
- US Dollar Index: 99.15 (+0.15%)
Oil surges on Middle East supply risks; gold gains as safe-haven amid uncertainty.
Indian Market Pulse
Key Indices (Premarket)
- GIFT Nifty Futures: 24,400 (-2.37%)
- Nifty 50 (Mar 2 Close): 24,992 (-1.24%)
- Sensex (Mar 2 Close): 81,800 (-1.28%)
- India VIX: 15.80 (+5.10%)
Markets set for weak open; VIX spike signals heightened fear from global events.
Key Futures (Premarket)
- Nifty 50 Futures: ~24,380 (-2.45%)
- Nifty Bank Futures: ~59,800 (-2.10%)
- Nifty IT Futures: ~41,200 (-1.60%)
- Nifty Midcap Futures: ~57,800 (-1.80%)
Futures point to downside bias with energy volatility and FII outflows.
Top Movers (Recent Close)
| Gainers | Losers |
|---|---|
| ONGC (+2.80%), BPCL (+2.10%) | HDFC Bank (-2.40%), TCS (-1.95%) |
| Reliance (+1.50%), Hindalco (+1.30%) | Infosys (-1.70%), Axis Bank (-1.40%) |
| Oil & metals lead on crude spike | Banks & IT drag on selling pressure |
Energy rally; financials and tech consolidate amid risk-off mood.
Latest Global & Indian Market News
Oil Surges Over 4% on Iran Tensions
Middle East conflict disrupts supplies; Brent crosses $82, raising inflation worries for India.
India Q3 GDP at Strong 7.8%
Manufacturing surges 13.3%; economy shows resilience despite global headwinds.
LNG Supply Crunch Hits India
Qatar production halt forces 10-30% cuts; Petronet, GAIL issue spot tenders.
AI Accelerates IT Job Automation
White-collar roles shrink; sector faces fresh pressure after strong GDP print.
Budget 2026: Direct Foreign Equity Route Opened
Individuals abroad can now invest directly; aims to boost FII participation long-term.
Gold Hits Fresh Highs as Safe Haven
Prices climb above $5,160 amid geopolitical risks and US rate pause signals.
Options Analysis
Nifty 50 Options Open Interest (OI)
Highest Call OI indicates resistance around 24,500; Put OI supports at 24,000.
| Strike | Call OI (Lakhs) | Put OI (Lakhs) |
|---|---|---|
| 24,000 | 9.50 | 118.40 |
| 24,200 | 14.80 | 82.30 |
| 24,300 | 48.60 | 95.70 |
| 24,400 | 132.50 | 88.20 |
| 24,500 | 165.70 | 41.90 |
Chart: Nifty 50 OI distribution below.
Disclaimer: Market data is based on the latest available information. GIFT Nifty price and other futures data are indicative and must be verified in real-time before trading. Investments are subject to market risks.
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