Premarket Report – April 08, 2026
Premarket Updates
- GIFT Nifty : GIFT Nifty futures at 23,837 (+3.04%), indicating strong gap-up opening on US-Iran two-week ceasefire agreement easing geopolitical tensions and sharp plunge in global oil prices.
- Asia Markets: Nikkei up 1.2%; Shanghai Composite +0.8% on Middle East de-escalation and risk-on sentiment.
- Bank Nifty Futures: Bank Nifty futures at 52,950 (+2.8%); banking supported by domestic buying amid ceasefire relief.
- Midcaps Under Watch: Nifty Midcap futures near 12,850 (+2.9%) with broad-based buying on lower oil prices.
- Rupee Strengthens: USD/INR at 92.75, gains as dollar weakens on reduced global risk premium post-ceasefire.
- FII Flows Negative: Foreign investors net sellers of Rs 8,692 cr on Apr 07; DIIs bought Rs 7,979 cr offering strong domestic support.
- Sector Focus: IT and auto gain on global cues and lower input costs; energy watches oil crash; metals steady on China data.
- IT Futures: Nifty IT futures up ~1.5% tracking positive global tech sentiment.
Global Market Insights
US Markets (Close Apr 07)
- Dow Jones: 46,584.46 (-0.18%)
- S&P 500: 6,616.85 (+0.08%)
- Nasdaq: 22,017.85 (+0.10%)
- VIX (CBOE): 25.78 (+6.66%)
US indices close mixed with slight gains in tech; VIX spikes on Iran deadline volatility before ceasefire news eases late-session pressure.
Asia & Europe (Apr 08 Premarket)
- Shanghai Composite: +0.80%
- Nikkei 225: +1.20%
- FTSE Futures: +0.90%
- DAX Futures: +1.10%
Asian and European futures surge on US-Iran ceasefire agreement; oil plunge boosts risk appetite across regions.
Commodities & Forex
- Brent Crude: $94.91 (-13.0%)
- Gold: $4,833 (+2.1%)
- US Dollar Index: 98.96 (-0.9%)
Brent crude crashes on Iran ceasefire removing supply disruption fears; gold rises on residual uncertainty; dollar softens as risk-on returns.
Indian Market Pulse
Key Indices (Premarket)
- GIFT Nifty Futures: 23,837 (+3.04%)
- Nifty 50 (Apr 07 Close): 23,123.65 (+0.45%)
- Sensex (Apr 07 Close): 76,450.80 (+0.42%)
- India VIX: 23.90 (-3.6%)
Markets set for strong gap-up open led by Iran ceasefire relief, lower oil prices and robust DII buying.
Key Futures (Premarket)
- Nifty 50 Futures: ~23,820 (+3.0%)
- Nifty Bank Futures: 52,950 (+2.8%)
- Nifty IT Futures: Up ~1.5%
- Nifty Midcap Futures: ~12,850 (+2.9%)
Futures signal firm start with broad participation; focus on IT, banking and midcaps amid global risk-on mood.
Top Movers (Recent Close)
| Gainers | Losers |
|---|---|
| IT on global tech rebound | Energy on oil price crash |
| Auto on lower crude costs | Metals on selective profit booking |
| Banking on DII support | FMCG on margin concerns |
IT, auto and banking lead on ceasefire-driven optimism; energy lags sharply on oil plunge.
Latest Global & Indian Market News
US-Iran Ceasefire Agreed
Two-week ceasefire halts escalation in Strait of Hormuz; oil prices plunge over 13% triggering global risk-on rally.
DIIs Counter FII Selling
Domestic institutions net buyers of Rs 7,979 cr on Apr 07 even as FIIs sold Rs 8,692 cr; strong local support cushions markets.
Gold Surges to $4,833
Precious metal climbs on lingering Middle East uncertainty despite ceasefire; supports safe-haven demand.
Asian Markets Surge on Relief Rally
Nikkei and Shanghai open higher as Iran ceasefire removes major supply shock risk for global economy.
Rupee Gains to 92.75
Indian rupee strengthens sharply on reduced global risk and softer dollar post-Middle East de-escalation.
India VIX Drops to 23.90
Volatility index eases further as ceasefire news improves market sentiment ahead of earnings season.
Stocks in Focus: IT & Auto
IT sector eyes gains on positive global cues; auto benefits from lower crude costs; fresh corporate earnings in focus.
Macro Note: Lower Oil Boosts India
Sharp fall in Brent crude to $94.91 seen as major positive for India’s current account and inflation outlook.
Options Analysis
Nifty 50 Options Open Interest (OI)
Call OI building at higher strikes signals bullish bias; Put OI accumulation at lower levels indicates strong support base post-ceasefire.
| Strike | Call OI (Lakhs) | Put OI (Lakhs) |
|---|---|---|
| 23,700 | Moderate | High |
| 23,800 | Building | Significant |
| 23,900 | Increasing | Moderate |
| 24,000 | 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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