The United States Central Command (CENTCOM) on Wednesday reimposed a naval blockade on Iranian ports after briefly lifting it during a ceasefire reached in June as it launched a fresh wave of airstrikes on the fourth consecutive day. Brent crude was up $1.46, or 1.72%, at $86.19 per barrel, while WTI gained $1.11, or 1.4%, to trade at $80.40 per barrel.
US reimposes naval blockade on Iranian ports, Brent crude surges past $86 per barrel – Daily Market Update 15th July 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled higher in range 0.02% to 0.90%.
- European equity markets ended on a flat to positive note.
- Asian equity markets are trading in green.
- GIFT Nifty is little changed, Nifty futures is likely to open around 24050 levels.
Following a gap-down opening, the benchmark Nifty index traded sideways in a narrow range to settle at the 24,052 spot level, down over 150 points from its previous close.
Mid cap index fell in line with the benchmark, down 0.56%. On the other hand, Small cap index underperformed the benchmark as it was down over 1%.
Majority of sectoral indices, tracked at NSE, ended in red. Among them, Nifty Realty, PSU Bank and Auto index were the worst performer, down in range 1.5% to 2%. On the flip side, Pharma and Healthcare index were the best performers, rose 1.03% & 0.89% respectively.
Technically, the broadening chart structure points toward further consolidation as long as the index remains within the 23800–24600 spot zone. Within this range, crossing and sustaining above the 24,330 spot level could lead it toward 24,600; conversely, a fall below 23,960 could drag it back to 23,800 in the immediate near term.
Derivatives Overview & Outlook
Yesterday, short buildup was seen in Banknifty & Finnifty futures with an increase in open interest by around 1% & 7% respectively along with some long unwinding in Midcapnifty futures that shed around 1.5% of open interest. On the other hand, Nifty futures was down around 1% without any significant change in open interest.
Majority of F&O sectors settled lower. Among them, IT, Finance, New_Age and Infra stocks witnessed maximum addition of short positions while some long buildup was seen in Pharma stocks.
On options front, Nifty will start the new weekly series of July contract with maximum positions at 24100 CE and 23000 PE closely followed by 24000 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 740 Cr in the cash segment, sold index futures worth Rs 1736 Cr and also sold stock futures worth Rs 5264 Cr. DIIs were net buyers in the cash segment to the tune of Rs 2928 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24120-24300; Supports 23800-23700
Banknifty – Resistances 58000-58400; Supports 57200-56800
Finnifty – Resistances 26700-27000; Supports 26500- 26400
F&O stocks in ban today: Kaynes
Important Results Today: ANGELONE, HDFCAMC, KAYNES, MRPL, MRPL & HDFCLIFE
Disclosure
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