Premarket Report – March 24, 2026
Premarket Updates
- GIFT Nifty : GIFT Nifty futures at 22880 (+1.75%), indicating strong gap-up opening on geopolitical relief cues.
- Asia Markets Higher: Nikkei up 0.9%; Shanghai Composite gains tracking cooling geopolitical tensions.
- Bank Nifty Futures: Bank Nifty futures at 52100 (+1.45%); recovery in banking amid relief rally.
- Midcaps Recovering: Nifty Midcap futures near 53250 (+1.25%) with broader market support.
- Rupee Weaker: USD/INR at 93.50, up on dollar strength despite positive global cues.
- FII Flows Negative: Foreign investors net sellers of Rs 10,414 cr on Mar 23; DIIs bought Rs 12,034 cr.
- Sector Focus: Energy volatile on oil moves; pharma and FMCG steady; banking sees recovery buys.
- IT Futures: Nifty IT futures up ~0.55% tracking positive global sentiment.
Global Market Insights
US Markets (Close Mar 23)
- Dow Jones: 46,208 (+1.40%)
- S&P 500: 6,581 (+1.15%)
- Nasdaq: 21,947 (+1.40%)
- VIX (CBOE): 24.50 (-8.5%)
US indices surge on Trump-Iran talks progress; VIX drops sharply on reduced geopolitical risk.
Asia & Europe (Mar 24 Premarket)
- Shanghai Composite: +1.25%
- Nikkei 225: +0.90%
- FTSE Futures: +0.50%
- DAX Futures: +0.65%
Asian markets advance as oil volatility eases and war jitters cool; Europe futures positive.
Commodities & Forex
- Brent Crude: $103.90 (+3.90%)
- Gold: $4,366 (-2.80%)
- US Dollar Index: Mildly higher
Crude volatile on supply risks post-Iran developments; gold sees profit booking and sharp decline on risk-on mood.
Indian Market Pulse
Key Indices (Premarket)
- GIFT Nifty Futures: 22880 (+1.75%)
- Nifty 50 (Mar 23 Close): 22,512.65 (-2.60%)
- Sensex (Mar 23 Close): 72,696 (-2.46%)
- India VIX: 26.87 (+17.8%)
Markets poised for relief rally on global cues; VIX remains elevated despite some cooling.
Key Futures (Premarket)
- Nifty 50 Futures: ~22,850 (+1.70%)
- Nifty Bank Futures: 52,100 (+1.45%)
- Nifty IT Futures: Up ~0.55%
- Nifty Midcap Futures: ~53,250 (+1.25%)
Futures signal firm opening with banking and midcaps leading recovery.
Top Movers (Recent Close)
| Gainers | Losers |
|---|---|
| Energy and metals on oil cues | IT selective pressure |
| Defensive FMCG resilient | Midcap cyclicals from prior selloff |
| Banking recovery buys | Select auto on global cues |
Energy and banking outperform on relief rally; broader recovery expected.
Latest Global & Indian Market News
US-Iran Talks Boost Sentiment
Trump hints at productive discussions and postpones strikes; markets eye de-escalation and lower volatility.
FII Selling at Rs 10,414 cr
Heavy outflows on Mar 23 amid geopolitical worries; DIIs step in with Rs 12,034 cr buying.
Wall Street Surges; Dow Up 631 pts
Relief rally on Iran ceasefire hints; Nasdaq and S&P gain over 1%.
Asia Advances on Cooling Jitters
Shanghai and Nikkei rise as oil volatility eases post-US developments.
Brent Crude Volatile Near $103.90
Supply risks linger after Iran updates; sharp moves impact global energy sentiment.
India VIX Spikes to 26.87
Volatility index jumps sharply on geopolitical developments; markets remain cautious.
Stocks in Focus: Coal India, GR Infra
SEPC acquisition news and Q4 commentary to drive moves in key names.
Rupee at 93.50 Amid Flows
Mild weakness on dollar strength; balanced by positive global cues.
Options Analysis
Nifty 50 Options Open Interest (OI)
Put OI building at lower strikes signals support; Call OI moderate amid recovery outlook.
| Strike | Call OI (Lakhs) | Put OI (Lakhs) |
|---|---|---|
| 22,800 | Lower | High |
| 22,850 | Moderate | Significant |
| 22,900 | Building | Increasing |
| 22,950 | Peak Call OI | Building |
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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