Crude Oil prices rose on October 30 amid fears of a potential US military strike against Iran. Crude oil prices have reached a six-month high due to ongoing security risks in the Strait of Hormuz. Uncertainties surrounding the conflict’s escalation have led analysts to predict further price increases. Attacks on oil infrastructure in Saudi Arabia are also contributing to market volatility.
Brent Crude jumps to $118 as Trump weighs fresh attacks after midterm – Daily Market Update 30th Oct 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled lower in range 0.25% to 1.42%.
- European equity markets ended higher in range 0.26% to 1.29%.
- Majority of Asian equity markets are trading with a negative bias.
- GIFT Nifty is down by 50 points, Nifty futures is likely to open around 23000 levels.
The benchmark Nifty index witnessed a sharp surge in prices following a bullish breakout from the past five days long congestion range above 22850 spot and settled at 22937 levels after adding 238 points to its previous closing values.
The broader markets performed in line with the benchmark as Mid and Small cap indices gained around 1% each.
All sectoral indices, barring Auto and Cement, settled higher. Among them, Nifty Realty, FMCG and PSU Bank index were at the top of the tally, gained in range 2.20% to 2.75%.
Going ahead, we expect it to test 23100-23200 spot zone in next couple of trading sessions. 22650 spot will act as a decent support on the down side. Volatility is expected to remain higher amid elevated crude prices.
Derivatives Overview & Outlook
Yesterday, Midcapnifty futures added around 1.5% of open interest as long buildup along with short covering in Nifty, Banknifty and Finnifty futures shed around 1.5%,4% and 5% of open interest respectively.
All of the sectoral indices, barring Textile, settled on a positive note. Among them, Banking, Capital Goods and Chemical stocks witnessed maximum addition of long positions along with some short covering in Metal and Telecom stocks.
On options front, put writing along with some call unwinding was seen at multiple OTM strikes. Maximum positions are at 23500 CE followed by 24000 CE and 22000 PE followed by 21500 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 944 Cr in the cash segment, bought stocks futures worth Rs 2112 Cr and sold index futures worth Rs 423 Cr. DIIs were net buyers in the cash segment to the tune of Rs 1924 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 23140-23200; Supports 22900-22800
Banknifty – Resistances 55500-56000; Supports 54800-54400
Finnifty – Resistances 24950-25050; Supports 24650- 24450
F&O stocks in ban today: SAIL, CLEAN SCIENCE & KAYNES
Important Results Today: AARTIIND, ABCAPITAL, AFFLE, AJANTPHARM, BANKBARODA, BEL, DIXON, GAIL, GVT&D, IGL, IOC, LICHSGFIN, LODHA, & ZEEL.
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.
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