Indian benchmark indices Sensex and Nifty are likely to open with losses on Tuesday, with GIFT Nifty falling over 80 points, as renewed strength in crude oil prices and fading prospects of a US-Iran peace agreement temper positive cues from parts of Asia. Overnight losses on Wall Street and continued foreign investor selling could also keep sentiment cautious.
GIFT Nifty falls, signals muted start for Sensex, Nifty as Brent climbs above $91, US-Iran tensions weigh – Daily Market Update 18th Aug 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled lower in range 0.32% to 0.52%.
- European equity markets ended on a flat to negative note.
- Asian equity markets are trading with a negative bias.
- GIFT Nifty is down by 80 points, Nifty futures likely to open around 24300 levels.
Nifty index once again ended on a flat note after a volatile trading session.
The broader markets slightly outperformed the benchmark as Mid and Small cap indices ended on a flat to positive note.
The performance on the broader front was mix. Among them, Nifty IT and FMCG were the worst performers, down 1.75% & 1.05% respectively. On the flip side, Nifty Realty and Metal index were the top gainers, rose 1.46% & 1.26% respectively.
Technically, Nifty index is hovering around the confluence zone of its 100-days and 200-days exponential moving averages. Going ahead, cross and sustenance above 24450 spot levels could lead the index towards 24600-24650 spot zone. Conversely, fall below 24230 could drag it towards 24130-24050 spot levels. Hence, we suggest traders to continue with stocks- and sector-specific trading approach.
Derivatives Overview & Outlook
Yesterday, Banknifty and Finnifty futures rose on short covering as open interest shed by around 2% each, Midcapnifty futures added around 2% of open interest without any significant change in price. On the other hand, Nifty futures added 1.5% of open interest as short buildup.
On the sectoral front, FMCG, New_age and Pharma stocks witnessed maximum addition of short positions whereas some long buildup was seen among Automobiles, Oil & Gas and Realty stocks along with some short covering in Textile stocks.
On options front, call unwinding along with some put unwinding was seen at multiple OTM strikes. Maximum positions are at 24500 CE closely followed by 24400 CE and 24300 PE followed by 24000 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 2535 Cr in the cash segment, sold index futures worth Rs 785 Cr and bought stocks futures worth Rs 147Cr. DIIs were net buyers in the cash segment to the tune of Rs 5101 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24500-24620; Supports 24250-24100
Banknifty – Resistances 58200-58550; Supports 57400-57000
Finnifty – Resistances 26500-26600; Supports 26200- 26100
F&O stocks in ban today: BANDHANBNK, SAIL, LICI & MANAPPURAM
Disclosure
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