📊 PRE-MARKET REPORT | Friday, September 25, 2026
The Indian equity market is set for a quiet, steady opening to wrap up the trading week. Live pre-market quotes on Moneycontrol and NSE IX show
GIFT Nifty trading around 23,100–23,148 (+35 to +42 points relative to morning base levels, indicating an open virtually flat to +35 points above Thursday's cash close of 23,063.10). Domestic benchmarks are looking to stabilize after Thursday's sharp selloff (-1.64% drop of over 380 points on expiry pressure and a 24% spike in India VIX). Broader sentiment remains cautious as Wall Street closed mixed-to-subdued overnight and Brent crude hovers near $102/bbl amid ongoing Persian Gulf transit alerts.
👉📈 Market Snapshot (8:45 AM IST)
1). GIFT Nifty: 23,147.50 (+42.00 pts / +0.18% vs prev close; implies a flat to mildly positive open vs Thursday's spot close)
2). Nifty 50 (Thursday Close): 23,063.10 (-383.70 pts / -1.64%) — Slumped sharply on broad-based selling and derivative expiry pressure.
3). Nasdaq Composite: 26,963.94 (+9.52 pts / +0.04%) — Closed flat to mildly green overnight, finding stability after the previous session's tech selloff.
4). Dow Jones: 51,370.81 (-156.92 pts / -0.30%) — Finished lower amid persistent economic growth concerns and sticky yields.
5). Brent Crude: $102.15 (
Sticky near $102) — Remains elevated following diplomatic rhetoric over naval conditions in the Strait of Hormuz.
6). USD/INR: ₹95.84 — Trades in a narrow, defensive tradersensive band under continued crude import cost friction.
👉⚡Overnight International News
1). Wall Street Consolidates: Major U.S. indices ended mixed on Thursday (Dow -0.30%, Nasdaq +0.04%) as investors paused following Wednesday's tech de-risking and assessed global central bank trajectories.
2). Hormuz Transit Risk Premiums: Brent crude continues to hold above $102/bbl after comments regarding maritime navigation through regional choke points kept shipping insurance premiums firm.
👉🇮🇳 Top Domestic News & Triggers
1). Rebounding from the 23,000 Milestone: Following Thursday's slide toward 23,063, GIFT Nifty holding above 23,100 gives domestic bulls an immediate window to defensive tradersend the psychological 23,000 threshold and build a base for short-covering.
2). Volatility Cool-off Watch: India VIX surged over 24% on Thursday during the series rollover; intraday market direction will depend on whether domestic institutional inflows can absorb residual foreign fund selling.
👉🎯 Stocks to Watch
1). Banking Leaders (HDFC Bank, ICICI Bank, SBI): Under primary scrutiny to arrest Thursday's heavy institutional selling and establish an opening floor above 23,050.
2). IT Heavyweights (TCS, Infosys, HCL Tech): Monitored for value accumulation as Nasdaq futures and spot stabilized overnight.
3). Upstream Oil (ONGC, Oil India): Expected to see relative demand with Brent crude remaining steady above $102/bbl.
4). Paint, Aviation & OMC Pack (Asian Paints, IndiGo, BPCL): Watched for margin pressure tracking firm fuel and raw material input prices.
👉🗝️ Technical Setup & Strategy
Nifty 50: Settled Thursday at 23,063.10. With GIFT Nifty quoting near 23,147, expect an opening auction testing the 23,100–23,150 zone.
• Support: The
23,050–23,000 zone serves as the primary must-hold defensive tradersensive floor; a decisive breach below 23,000 risks a slide toward 22,850.
• Resistance: Immediate overhead resistance sits at
23,220–23,260, followed by the primary supply hurdle at
23,350.
👉👩💻Trade plan : -
https://youtu.be/_gDcdkrSBT4?si=DTwv1kNd2kV_fhLc