International crude oil prices tumbled over 5% on Monday, July 27 after US and Iran paused strikes over the weekend after two weeks of escalating attacks, raising hopes of a diplomatic solution that would de-escalate the geopolitical conflict and allow shipping to resume in the Strait of Hormuz, where traffic still remains low. Iran has indicated that it will stop carrying out attacks as long as the United States also refrains from striking, according to news agency Reuters.
Brent Crude slides 5% to trade below $90 as US, Iran agree to suspend attacks – Daily Market Update 27th July 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a mix note.
- European equity markets ended higher in range 0.88% to 1.36%.
- Asian equity markets are trading mix.
- GIFT Nifty is up by 135 points, Nifty futures is likely to open around 23960 levels.
The benchmark Nifty index ended lower at 23767 spot levels after falling over 100 points from its previous closing values.
Performance on the broader front was mix. Mid cap index ended on the flat to positive note, whereas Small cap index fell in line with the benchmark.
Performance on the sectoral front was no different. Among them, Nifty Media index was at the top of the tally, gained 1.86% followed by IT and PSU Bank index that rose 0.82% & 0.58% respectively. On the flip side, Nifty Auto index was at the bottom of the tally, down over 1%.
Gift Nifty is indicating a gap-up opening after US-Iran pause strikes. Technically, the benchmark Nifty index breached its one-month consolidation range with a gap-down opening, filling the gap left during the June 15, 2026 rally before retesting the 23800 spot level—the lower band of its recent range. The current chart texture remains negative as long as the index stays below 23900 on a closing basis.
Derivatives Overview & Outlook
On Friday, Nifty and Finnifty futures added around 4% & 13% of open interest respectively as short positions, on the other hand, Banknifty futures added around 1% of open interest as long buildup.
On the sectoral front, long buildup was seen among Banking, FMCG and Textile stocks, whereas long unwinding was seen among Auto and Cement pack.
On options front, call writing along with put addition was seen at multiple strikes. Maximum positions are at 25000 CE closely followed by 24000 CE and 23000 PE followed by 23500 PE.
Institutional Trading Activity
On Friday, FIIs further sold stocks worth Rs 3893 Cr in the cash segment, sold index futures worth Rs 1202 Cr and bought stocks futures worth Rs 2126 Cr. DIIs were net buyers in the cash segment to the tune of Rs 5454 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 23900-24050; Supports 23600-23500
Banknifty – Resistances 57200-57600; Supports 56200-55800
Finnifty – Resistances 26200-26300; Supports 25800- 25700
F&O stocks in ban today: None
Important Results Today: BEL, CANBK, COALINDIA, COFORGE, GODFRYPHLP, HUDCO, INDUSTOWER, TATACHEM, & TATAPOWER
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates. AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited and Lakshya Impex Private Limited are the associates of GCML.
This report has been prepared by GCML and published in accordance with the provisions of Regulation 19 of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, for use by the recipient as information only and is not for general circulation or public distribution. This report is not to be altered, transmitted, reproduced, copied, redistributed, uploaded, published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from GCML. The projections and the forecasts described in this report are based on estimates and assumptions and are inherently subject to significant uncertainties and contingencies. Projections and forecasts are necessarily speculative in nature, and it can be expected that one or more of the estimates on which the projections are forecasts were based may not materialize or may vary significantly from actual results and such variations will likely increase over the period of time. This report should not be construed as an offer to sell or the solicitation of an offer to buy, purchase or subscribe to any securities, and neither this report nor anything contained therein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. It does not constitute a personal recommendation or take into account the particular investment objective, financial situation or needs of any individual in particular. The research analysts of GCML have adhered to the code of conduct under Regulation 24 (2) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. The recipients of this report must make their own investment decisions, based on their own investment objectives, financial situation or needs and other factors. The recipients should consider and independently evaluate whether it is suitable for its/ his/ her/their particular circumstances and if necessary, seek professional / financial advice as there is substantial risk of loss. GCML does not take any responsibility thereof.
Any such recipient shall be responsible for conducting his/her/its/their own investigation and analysis of the information contained or referred to in this report and of evaluating the merits and risks involved in securities forming the subject matter of this report. The price and value of the investment referred to in this report and income from them may go up as well as down, and investors may realize profit/loss on their investments. Past performance is not a guide for future performance. Actual results may differ materially from those set forth in the projection GC does not take any responsibility thereof. This report has been prepared by GCML based on the information available in the public domain and other public sources believed to be reliable. Though utmost care has been taken to ensure its accuracy and completeness, no representation or warranty, express or implied is made by GCML that such information is accurate or complete and/or is independently verified. The contents of this report represent the assumptions and projections of GCML and GCML does not guarantee the accuracy or reliability of any projection, assurances or advice made herein. Nothing in this report constitutes investment, legal, accounting and/or tax advice or a representation that any investment or strategy is suitable or appropriate to recipients’ specific circumstances.
Since GCML or its associates are engaged in various financial activities, they might have financial interest or beneficial ownership in various companies including subject company/companies mentioned in the report. GCML or its associates have not received any compensation for investment banking or merchant banking from the subject company in the past 12 months. GCML or its associates might have received any compensation including brokerage services and for products or services other than investment banking or merchant banking from the subject company in the past 12 months. It is confirmed that GCML or research analyst or its associates have not managed or co-managed public offering of securities for the subject company in the past 12 months. Research analyst or GCML or its relatives’/associates’ have no material conflict of interest at the time of publication of this report. Neither research analyst nor GCML are engaged in market making activity for the subject company. It is confirmed that research analysts do not serve as an officer, director or employee of the subject company. It is also confirmed that research analyst have not received any compensation from the subject company in the past 12 months.
The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. This information is subject to change, as per applicable law, without any prior notice. GCML reserves the right to make modifications and alternations to this statement, as may be required, from time to time.
Research analyst or GCML or its relatives’/associates’ do not have actual/beneficial ownership of 1% or more in securities of the subject company, at the end of the month immediately preceding the date of publication of the document. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Our research analysts may use AI tools to collect, summarize, and present data in order to increase productivity and enhance the clarity and readability of our reports. However, all reports are subject to human review prior to finalization and distribution to end users.
Our published research reports are the property of GCML and its associate and subsidiary companies. These reports may not be copied, reproduced, distributed or otherwise used by any other brokerage or individual firm without the prior written permission of GCML or its associate/subsidiary companies.