Pre-market brief, Friday 23 October 2026: global markets, FII / DII flow and overnight positions
Overnight: S&P 500 -0.64 %, Nasdaq -1.57 %, Nikkei 225 -1.72 %, Hang Seng +0.21 %, USD/INR +0.53 %, Brent +4.65 %. FIIs net sold ₹3,459 crore and DIIs net bought ₹2,891 crore in the cash market yesterday.
Published before 09:00 IST every trading day. After the close: post-market brief. Permanent link: 23 October 2026. All updates: daily updates.
Global setup
| Market | Last | Change |
|---|---|---|
| S&P 500 | 7,663.43 | ▼ -0.64% |
| Nasdaq | 26,008.86 | ▼ -1.57% |
| Nikkei 225 | 61,825.26 | ▼ -1.72% |
| Hang Seng | 22,982.41 | ▲ +0.21% |
| USD/INR | 94.81 | ▲ +0.53% |
| Brent | 113.88 | ▲ +4.65% |
What the big overnight moves are tied to
Exposure, not a forecast: markets that moved 0.75 % or more, and the Indian F&O names linked to them.
- Nasdaq -1.57 %: Indian IT services earn most of their revenue in the US: TCS, INFY, HCLTECH, WIPRO, TECHM are the F&O names most tied to US technology spending.
- Nikkei 225 -1.72 %: Japan is the first large Asian market to trade each morning, a read on regional risk appetite.
- Brent +4.65 %: Crude oil is a cost for oil marketing companies (BPCL, HINDPETRO, IOC), paints (ASIANPAINT) and airlines (INDIGO), and revenue for producers (ONGC, OIL).
Index options map (yesterday's close)
NIFTY — closed 22,687.7 (2026-10-22), options read pinned, heaviest strike 22,700.
- Option walls (strikes with the most option positions): 23,000, 22,700, 22,600
- Thin zones (few option positions): below 22,350–22,350; below 22,450–22,450
SENSEX — closed 73,249.4 (2026-10-22), options read testing, heaviest strike 73,300.
- Option walls (strikes with the most option positions): 73,300, 73,200, 73,400
- Thin zones (few option positions): below 73,100–73,100; above 73,400–73,600
Institutional cash flow (2026-10-22)
- FII/FPI ▼ ₹3,459 cr
- DII ▲ ₹2,891 cr
- 5-day cumulative: FII ▼ ₹7,704 cr · DII ▲ ₹7,365 cr
| Date | FII ₹cr | DII ₹cr |
|---|---|---|
| 2026-10-22 | -3,459 | +2,891 |
| 2026-10-21 | +1,022 | +1,614 |
| 2026-10-19 | -1,149 | +3,201 |
| 2026-10-16 | +1,166 | -3,661 |
| 2026-10-15 | -5,285 | +3,319 |
NSE provisional cash-market figures. Sign convention: positive = net buying. Data, not recommendations.
Overnight positioning (2026-10-22)
| Symbol | Read | ΔOI | ΔPx | Streak | RVOL | Intraday | 30d range |
|---|---|---|---|---|---|---|---|
| OBEROIRLTY | short-buildup | +5.3% | -1.35% | 3d | 0.56× | sold intraday (-1.4%) | 0% |
| NAM-INDIA | short-buildup | +16.7% | -2.40% | 2d | 1.94× | sold intraday (-2.4%) | 0% |
| MOTILALOFS | long-unwinding | -6.4% | -0.81% | 2d | 0.64× | sold intraday (-0.8%) | 0% |
| HINDALCO | short-buildup | +4.0% | -0.81% | 2d | 0.92× | sold intraday (-0.8%) | 3% |
| ATHERENERG | long-unwinding | -32.7% | -1.51% | 1d | 0.46× | sold intraday (-1.5%) | 18% |
| MPHASIS | short-buildup | +25.7% | -2.93% | 1d | 0.88× | sold intraday (-2.9%) | 82% |
| VMM | long-unwinding | -22.9% | -2.23% | 1d | 1.3× | sold intraday (-2.2%) | 0% |
| MFSL | short-buildup | +22.5% | -2.53% | 1d | 0.58× | sold intraday (-2.5%) | 0% |
| BHARATFORG | short-buildup | +21.4% | -1.86% | 1d | 1.72× | sold intraday (-1.9%) | 0% |
| WAAREEENER | long-unwinding | -19.7% | -3.46% | 1d | 1.1× | sold intraday (-3.5%) | 21% |
| ANANDRATHI | short-covering | -19.4% | +1.05% | 1d | 0.81× | bought intraday (+1.1%) | 100% |
| BAJAJHLDNG | short-covering | -19.0% | +2.90% | 1d | 3.45× | bought intraday (+2.9%) | 82% |
Quiet builds (2-day cumulative)
| Symbol | Read | ΔOI 2d | ΔPx 2d | Intraday |
|---|---|---|---|---|
| AXISBANK | quiet short-buildup | +22.2% | -1.94% | flat intraday (+0.2%) |
| RADICO | quiet short-buildup | +16.1% | -5.28% | sold intraday (-3.5%) |
| GMRAIRPORT | quiet short-buildup | +15.8% | -3.00% | flat intraday (-0.2%) |
| TVSMOTOR | quiet short-buildup | +15.5% | -2.45% | sold intraday (-0.5%) |
| UNIONBANK | quiet long-buildup | +14.7% | +1.19% | bought intraday (+0.5%) |
| HEROMOTOCO | quiet short-buildup | +13.6% | -1.95% | sold intraday (-0.5%) |
| UNOMINDA | quiet short-buildup | +13.4% | -1.77% | bought intraday (+0.3%) |
| BPCL | quiet short-buildup | +12.9% | -2.50% | sold intraday (-0.4%) |
Slow builds under the daily gate — positioning facts, resolution pending.
Criteria: |dOI|>=3.0% and |dPx|>=0.5% day-over-day; dOI = TOTAL futures OI (near+next series) net of the daily cross-sectional median, so reads are market-relative and roll-neutral; streak = consecutive sessions same read; RVOL vs 20d avg volume; range_pos = close within 30d low-high; intraday = open-to-close body vs overnight gap. Watch list = 2-day cumulative OI build >=4% that stayed under the daily gate. Data, not recommendations.
Events today (2026-10-23)
- Results (14): ADANIPOWER, BANKINDIA, BPCL, CGPOWER, COFORGE, DRREDDY, GODREJPROP, INDUSINDBK, JINDALSTEL, JSWSTEEL, OFSS, SBICARD, SHREECEM, TORNTPHARM
- Results + dividend (2): INFY, SHRIRAMFIN
- Ex-date today (13): 360ONE (dividend ₹7.5), 772GS2055 (other), AEPL (dividend), AZADIND (split ₹10), BEPL (dividend), GARUDA (dividend), HDBFS (dividend ₹2), ICICIGI (dividend ₹7), IRFC (dividend ₹1.15), LTM (dividend ₹25), MODISONLTD (dividend ₹4), OBEROIRLTY (dividend ₹2) …
Event dates as published by NSE. Names on this list can move on news rather than positioning — our reads carry no event view.
Five headlines that matter
- Yen shines as AI jitters spur safe-haven rush · ET
- ICICI Prudential Life Insurance to focus on growing absolute VNB amid slump in FY24 · Moneycontrol
- AI Tech Fears Push Global Credit Spreads to 17-Month High · Mint
- Sensex today | Stock Market Live: Markets likely to open higher, but oil surge clouds outlook; eMudhra, Hatsun Agro, HPCL stocks in focus · BusinessLine
- Crude rises, rupee falls & Dalal Street trips again · TOI
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