Premarket Report – April 23, 2026
Premarket Updates
- GIFT Nifty : GIFT Nifty futures at 24,147 (-0.89%), signaling cautious bias for the Indian market open amid IT sector earnings pressure and elevated crude on Hormuz tensions.
- Asia Markets: Asian indices trading mixed; selective weakness in tech and energy names as investors digest Q4 earnings and geopolitical oil moves.
- Nifty Futures: Nifty 50 futures near 24,150 (-0.85%); aligning with GIFT Nifty for a lower open.
- Bank Nifty Futures: Bank Nifty futures near 57,100 (-0.55%); banking pack under mild pressure from broader risk sentiment.
- Midcaps Under Watch: Nifty Midcap futures around 13,900 (-0.40%); selective buying interest but overall caution prevails.
- IT Futures: Nifty IT futures sharply lower tracking weak global tech cues and mixed Q4 results from sector majors.
- Rupee Under Pressure: USD/INR near 83.70, trading in a wider range with limited volatility ahead of global cues.
- FII/DII Flows: FIIs were net sellers of Rs 2,078 cr on Apr 22; DIIs were also net sellers of Rs 1,048 cr, with reduced domestic support.
- Sector Focus: IT and tech-sensitive names may see early selling on earnings; Energy on crude strength; defensives and FMCG for stability.
Global Market Insights
US Markets (Recent Close)
- Dow Jones: 49,490 (+0.69%)
- S&P 500: 7,138 (+1.05%)
- Nasdaq: 24,658 (+1.64%)
- VIX (CBOE): easing on ceasefire extension
US indices closed higher as ceasefire relief eased some geopolitical concerns while tech rebounded modestly.
Asia & Europe (Apr 23 Premarket)
- Shanghai Composite: mixed on commodity moves
- Nikkei 225: trading flat to lower on risk tone
- FTSE Futures: modest gains on global relief
- DAX Futures: cautious with focus on oil and earnings
Asian and European futures show mixed sentiment with focus on oil volatility and upcoming corporate results.
Commodities & Forex
- Brent Crude: ~102.80 (up on Hormuz tensions)
- Gold: ~4,710 (mixed on safe-haven flows)
- US Dollar Index: mildly stronger
Oil prices elevated on renewed Strait of Hormuz vigilance; gold steady amid uncertainty while dollar sees selective strength.
Indian Market Pulse
Key Indices (Premarket)
- GIFT Nifty Futures: 24,147 (-0.89%)
- Nifty 50 (Apr 22 Close): 24,378.10 (-0.81%)
- Sensex (Apr 22 Close): 78,516.49 (-0.95%)
- India VIX: rising on IT and oil volatility
Markets likely to open lower with focus on Q4 earnings reaction, oil prices and institutional flows.
Key Futures (Premarket)
- Nifty 50 Futures: ~24,150 (-0.85%)
- Nifty Bank Futures: ~57,100 (-0.55%)
- Nifty IT Futures: sharply negative on earnings
- Nifty Midcap Futures: ~13,900 (-0.40%)
Futures point to a weak open with selective selling expected on IT weakness and global cues.
Top Movers (Recent Close)
| Gainers | Losers |
|---|---|
| Energy on crude strength | IT on Q4 earnings reaction |
| Select FMCG on defensives | Tech names post results |
| Pharma on stability | Midcaps on rotation pause |
Energy cyclicals showing resilience; IT and growth sectors under pressure from earnings and global cues.
Latest Global & Indian Market News
IT Sector Drags on Mixed Q4 Earnings
HCL Tech and Persistent Systems post results with HCL announcing dividend; sector faces selling pressure ahead of Infosys numbers.
Oil Surges Past $102 on Hormuz Tensions
Renewed vigilance over Strait of Hormuz supply risks lifts crude, impacting India’s import bill and inflation outlook.
FIIs Extend Selling on Apr 22
Foreign investors remain net sellers while DIIs also turn sellers, adding to near-term volatility.
US Markets Rally on Ceasefire Relief
Dow, S&P and Nasdaq close higher as partial truce extension eases some geopolitical concerns.
Persistent Systems Beats Estimates
Profit jumps 34% YoY with strong revenue growth; positive read-through for broader IT pack.
Asian Markets Open Mixed
Regional indices reflect caution with focus on oil volatility and key Indian corporate earnings.
DIIs Turn Net Sellers on Apr 22
Domestic institutions reduce buying amid global cues and profit booking in recent rally.
Infosys Earnings in Focus Tomorrow
Market awaits India’s second-largest IT firm results for directional cues on sector outlook.
Options Analysis
Nifty 50 Options Open Interest (OI)
Put OI buildup at lower strikes suggests support zone; Call accumulation at higher levels indicates potential resistance.
| Strike | Call OI (Lakhs) | Put OI (Lakhs) |
|---|---|---|
| 24,000 | Moderate | High |
| 24,100 | Building | Significant |
| 24,200 | Increasing | Moderate |
| 24,300 | 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.
What Our Customers Say