Global energy markets opened sharply higher after a weekend escalation between the US and Iran rattled supply expectations. Benchmark crude prices surged, with Brent crude rising to around $96 per barrel and US WTI climbing above $90 per barrel, marking gains of over 6% each. Natural gas markets mirrored the move, with European prices jumping as much as 11% amid fears of prolonged disruption in energy flows.
Brent crude jumps over 6% as US seizure of Iranian ship sparks strait tensions again- Daily Market Update 20th April 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled higher in range 1.20% to 1.79%.
- European equity markets too ended higher in range 0.70% to 2.22%.
- Asian equity markets are trading in green.
- GIFT Nifty is little changed, Nifty futures likely to open around 24450 levels.
The benchmark Nifty index ended higher at 24353.55 spot levels after adding 156.80 points to its previous closing values.
Broader markets outperformed the benchmark as Mid and Small cap indices rose 1.25% and 1.48% respectively against 0.65% advance in the front line index.
All sectoral indices, barring Nifty IT, ended in green. Amongst them, FMCG index was the top performer, gained 2.65% followed by Nifty Media, Metals, Consumer durables and Oil & Gas that settled higher in range 1% to 1.5%.
Gift Nifty is indicating a gap-up opening for the domestic market following global cues. Going ahead, we reiterate our buy on dips trading approach with a cautiously bullish stance on Nifty index, provided the index remains above 23550 spot levels on closing basis. A decisive close above 24400 spot levels could lead it towards 24650-24800 spot levels in near the term.
Derivatives Overview & Outlook
Last Friday, Finnifty futures added around 7% of open interest as long buildup along with short covering among Nifty, Banknifty and Midcapnifty futures with decrease in open interest by 1%, 1.4% and 2.9%.
Majority of F&O sectors were up on long buildup along with some short covering among Oil & Gas and Realty stocks.
On the option front, put writing along with some call writing was seen across different strikes. The maximum call positions at 25000 CE followed by 25500 CE. On the put side, the maximum positions are at 23000 PE followed by 24000 PE.
Institutional Trading Activity
Last Week, FIIs bought stocks worth Rs 3968 Cr in the cash segment, sold stocks futures worth Rs 4062 Cr and bought index futures worth Rs 2441 Cr. DIIs were net sellers in the cash segment to the tune of Rs 6286 Cr during the week.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24550-24700; Supports 24200-24000
Banknifty – Resistances 57200-57600; Supports 56500-56200
Finnifty – Resistances 26700-26850; Supports 26400- 26300
F&O stocks in ban today: SAIL & SAMMAANCAP
Important Results Today: GROWW, INDBANK, MAHABANK & PNBHOUSING
Disclosure
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