Premarket Report – March 10, 2026
Premarket Updates
- GIFT Nifty Positive: GIFT Nifty futures at 24,314 (+1.25%), signaling a firm opening on global tech rebound and DII support.
- Asia Markets Mixed: Nikkei plunges over 5% on weak Japan data; Shanghai dips mildly amid regional caution.
- Bank Nifty Futures: Bank Nifty futures near 56,280; sector watches FII selling pressure.
- Midcaps Steady: Nifty Midcap futures holding at 12,962 with domestic buying cushioning volatility.
- Rupee Weakens: USD/INR at 92.34, up 0.63% on dollar strength and risk aversion.
- FII Flows Negative: Foreign investors net sellers of Rs 6,345 cr yesterday; DIIs counter with Rs 9,014 cr buys.
- Sector Focus: IT and pharma in spotlight; energy volatile after sharp crude drop.
- IT Futures Up: Nifty IT futures gaining on positive global tech cues and earnings optimism.
Global Market Insights
US Markets (Close Mar 7)
- Dow Jones: 47,761.37 (+0.55%)
- S&P 500: 6,791.15 (+0.76%)
- Nasdaq: 22,674.68 (+1.28%)
- VIX (CBOE): 19.88 (+11.3%)
US indices rebound on tech strength; oil pullback caps broader gains.
Asia & Europe (Mar 10 Premarket)
- Shanghai Composite: Down 0.67%
- Nikkei 225: -5.48%
- FTSE Futures: -0.19%
- DAX Futures: -0.85%
Asian markets mixed with sharp Japan selloff; Europe opens lower on global cues.
Commodities & Forex
- Brent Crude: $89.52 (-3.42%)
- Gold: $5,136.09 (-0.44%)
- US Dollar Index: 98.83 on haven flows
Crude pulls back on demand worries; gold steady amid uncertainty.
Indian Market Pulse
Key Indices (Premarket)
- GIFT Nifty Futures: 24,314 (+1.25%)
- Nifty 50 (Mar 7 Close): 24,028.05 (-1.73%)
- Sensex (Mar 7 Close): 77,566.16 (-1.71%)
- India VIX: 19.88 (+11.3%)
After recent volatility, markets eye firm open; VIX stays elevated but easing slightly.
Key Futures (Premarket)
- Nifty 50 Futures: ~24,314 (+1.25%)
- Nifty Bank Futures: ~56,280 (flat)
- Nifty IT Futures: +0.5%
- Nifty Midcap Futures: ~12,962 (stable)
Futures point to positive start with IT and midcaps showing resilience.
Top Movers (Recent Close)
| Gainers | Losers |
|---|---|
| IT majors, pharma | Energy stocks |
| Select defensives | Metals on global cues |
| Midcap resilient names | Select banks on FII flows |
Tech and defensives lead; cyclicals lag on crude weakness.
Latest Global & Indian Market News
FIIs Turn Net Sellers
Foreign investors offload Rs 6,345 cr; DIIs counter-buy Rs 9,014 cr amid volatility.
Nikkei Plunges Over 5%
Japanese stocks hammered on weak data; broader Asia mixed ahead of India open.
Rupee Slips to 92.34
USD/INR rises 0.63% on dollar strength and risk-off flows globally.
Crude Drops Sharply
Brent falls over 3% to $89.52 on demand concerns and supply easing.
US Markets Rebound
Dow and Nasdaq gain over 0.5-1.2% on tech strength despite oil volatility.
RBI Watches Macro Cues
Central bank assesses rupee weakness and crude drop impact on inflation path.
Options Analysis
Nifty 50 Options Open Interest (OI)
Highest Call OI at elevated strikes suggests overhead resistance; Put OI at key supports.
| Strike | Call OI (Lakhs) | Put OI (Lakhs) |
|---|---|---|
| 24,000 | Moderate | High |
| 24,100 | Increasing | Significant |
| 24,300 | High | Building |
| 24,400 | Peak Call OI | Lower |
Chart: Nifty 50 OI distribution (indicative; levels adjusted to recent range).
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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