📈 DAILY MARKET UPDATE
📅 Date – 7 May 2026
1️⃣ VERY IMPORTANT NEWS
• US–Iran peace framework discussions improved global market sentiment
• Crude oil corrected sharply below $101/barrel, positive for Indian markets
• Government approved emergency credit guarantee scheme supporting MSMEs & banks
🌍 GLOBAL MARKET
✔️ US Markets:
• DJIA +1.24%
• S&P 500 +1.46% at record high
• NASDAQ Composite +2.02%
✔️ Asia Market Update:
• Nikkei 225 surged above 4%
• Asian markets traded strong positive on easing Middle East tensions
✔️ Gift Nifty Signal:
• Indicating gap-up opening around +70 points near 24,500 zone
✔️ Crude Oil:
• Brent Crude near $101/barrel after sharp correction
✔️ Dollar Index:
• Slightly weak amid easing geopolitical concerns
✔️ Volatility Index (VIX US):
• Stable to slightly lower
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• Banking, PSU Banks, IT and Capital Market stocks strong
✔️ Market Sentiment / Trend:
• Positive to bullish due to improving global cues and falling crude oil
✔️ Volatility (India VIX):
• India VIX down around 6.9% near 16.68
💰 FII & DII DATA
✔️ FIIs:
• Net sold around ₹6,000 Cr
✔️ DIIs:
• Net bought around ₹7,000 Cr
📊 COMMODITIES UPDATE
✔️ Crude:
• Weak due to hopes of temporary US–Iran agreement
✔️ Gold:
• Trading strong near recent highs
✔️ Silver:
• Positive trend continues
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Highest at 25,000 followed by 24,500 & 24,800
✔️ Put OI:
• Highest at 24,000 followed by 24,200 & 24,300
✔️ PCR:
• PCR improved near 1.15–1.19 indicating bullish bias
📈 NIFTY LEVELS
✔️ Trend:
• Bullish
• Immediate Support: 24,200
• Major Support: 24,000
• Immediate Resistance: 24,500
• Strong Resistance: 24,800 – 25,000
📉 BANK NIFTY LEVELS
✔️ Trend:
• Positive to Bullish
• Immediate Support: 55,500
• Major Support: 55,200
• Immediate Resistance: 56,500
• Strong Resistance: 57,000
📊 STOCKS / SECTORS IN NEWS
• HDFC Bank
strong after governance review found no major lapses
• AMD
rallied after strong earnings, boosting tech sentiment globally
• PSU Banks in focus after new MSME credit guarantee scheme
📊 STOCK SETUPS TO WATCH
• HDFC Bank
• ICICI Bank
• Infosys
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range:
• 24,200 – 24,800
✔️ Bank Nifty Range:
• 55,300 – 57,000
📅 IMPORTANT DATA / EVENTS TODAY
• US Weekly Jobless Claims Data
• New York Fed 1-Year Inflation Expectations
🎯 INTRADAY TRADING VIEW
👉 Market sentiment remains positive due to easing geopolitical tensions and sharp fall in crude oil prices. Buying interest may continue in Banking, PSU Banks and IT stocks. Watch 24,200 on Nifty as key support. Sustaining above 24,500 can trigger further rally toward 24,800–25,000 zone.
📌 QUICK SUMMARY
• Global markets rallied on US–Iran peace optimism
• Crude oil correction is major positive for India
• Banking sector leading market recovery with strong institutional support