📈 DAILY MARKET UPDATE
📅 Date – 10 August 2026
1️⃣ VERY IMPORTANT NEWS
• US Jobs Data: July jobs data was much weaker than expected; employment fell by 23,000 and previous months were revised lower. September Fed rate-hike probability declined to around 44%, supporting global equities.
• Middle East / Hormuz: Iran–Oman talks are reportedly close to an agreement, but Iran says reopening the Strait of Hormuz requires additional US concessions. Oil prices rose nearly 3%.
• Indian ADRs & Gift Nifty: Infosys, Wipro and major bank ADRs indicated positive arbitrage. Gift Nifty around 24,720, suggesting a gap-up opening.
🌍 GLOBAL MARKET
✔️ US Markets:
• Nasdaq +1.30%
• S&P 500 +0.62%, closed at a record high
• Dow Jones +0.28%
• Weak jobs data reduced rate-hike concerns and supported technology stocks.
✔️ Asia Market Update:
• Japan Nikkei +0.54%
• South Korea Kospi +0.53%
• Taiwan +1.48%
• Australia ASX 200 +0.54%
• Overall Asian cues positive.
✔️ Gift Nifty Signal:
• Around 24,720
• Friday close ~24,650 → indicating nearly 70-point gap-up.
✔️ Crude Oil:
• Brent around $84.5/barrel
• WTI around $79/barrel
• Up nearly 3%, negative for India.
✔️ Dollar Index:
• No specific level provided in the given data.
✔️ Volatility Index (VIX US):
• No specific level provided in the given data.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• IT – Positive: US jobs data + lower Fed-hike probability; Infosys/Wipro ADRs positive.
• Banks – Positive: RBI FCNR/NRE-related regulatory relaxation is supportive.
• Auto & IT showed strength in the previous session.
• NBFCs – Weak: Regulatory-related selling pressure.
• Oil-sensitive sectors – Cautious/negative due to higher crude.
✔️ Market Sentiment / Trend:
• Mildly Positive / Gap-Up, but crude and Hormuz uncertainty remain major risks.
• Nifty is still struggling around its 200-DMA.
• Consolidation likely until a decisive breakout.
✔️ Volatility (India VIX):
• 12.25 – relatively low, but option writers remain cautious.
💰 FII & DII DATA
✔️ FIIs:
• Cash market: approximately ₹500 crore net buying.
• Derivatives remain bearish, with FII net negative position around -13.6%.
• FIIs added more puts and sold calls.
✔️ DIIs:
• Approximately ₹250 crore net buying.
📊 COMMODITIES UPDATE
✔️ Crude:
• Brent: $84.5
• WTI: $79
• Nearly 3% higher → negative for Indian market.
✔️ Gold:
• No specific data provided.
✔️ Silver:
• No specific data provided.
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Major Call OI at 24,600, followed by 25,000.
• Strong call writing around 24,600.
✔️ Put OI:
• Major Put OI around 24,600, followed by 24,500.
• Fresh Put addition at 24,500 and 24,550.
✔️ PCR:
• 0.89, down from 1.04 → bearish shift in options positioning.
📌 Key Point: 24,600 is currently the major battle zone, acting as both important support/resistance based on OI positioning.
📈 NIFTY LEVELS
✔️ Trend:
• Consolidation / Mildly Positive above 24,520–24,550.
• Breakout above 24,640–24,800 can strengthen bullish momentum.
• Immediate Support: 24,550
• Major Support: 24,520 / 24,500
• Immediate Resistance: 24,600 / 24,640
• Strong Resistance: 24,800
🎯 Above 24,800 → 25,000 → 25,200 possible.
📉 BANK NIFTY LEVELS
✔️ Trend:
• Neutral to Mildly Positive, with banking ADRs giving positive cues.
• Immediate Support: Previous session low / 24,?
• Major Support: To be confirmed from live Bank Nifty levels
• Immediate Resistance: Previous session high / 24,?
• Strong Resistance: To be confirmed from live Bank Nifty levels
📌 The supplied data does not provide actual Bank Nifty index price levels, so I am not inventing levels.
📊 STOCKS / SECTORS IN NEWS
• Infosys / Wipro / HCL Tech / TCS – Positive IT setup due to weak US jobs data and lower Fed-hike probability.
• HDFC Bank / ICICI Bank / Axis Bank / SBI – Positive bias after RBI relaxation related to FCNR/NRE deposits.
• Reliance Industries – Mixed to mildly positive; discounted Iraqi crude could offset unusually high shipping costs.
📊 STOCK SETUPS TO WATCH
• IT: Infosys, Wipro, HCL Tech – positive ADR arbitrage.