Pre-market action: Here's the trade setup for today's session

By

Akash Podishetti

, ETMarkets.comLast Updated: May 15, 2026, 06:41:00 AM IST

Synopsis

Nifty closed at 23,690 on Thursday. IT shares faced pressure from global AI competition. Markets will watch West Asia conflict, energy prices, and foreign fund flows. A move above 23,800 could boost Nifty higher. Failure to hold this level may bring selling pressure. India VIX fell. SAIL and Kaynes are in F&O ban. Foreign investors bought shares.

On Thursday, Nifty closed at 23,690, while IT shares continued to remain under pressure amid concerns over intensifying global AI competition. Looking ahead, analysts say Indian markets are likely to remain sensitive to developments in the West Asia conflict, movement in energy prices and trends in foreign fund flows.

STATE OF THE MARKETS

• Tech View: In the near term, a decisive move above 23,800 could trigger fresh upside momentum, potentially taking the index towards 24,200 and even higher levels. However, failure to sustain above 23,800 may invite renewed selling pressure and bring the bears back into control of the market.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 4.1% to settle at 18.61 levels.

Stocks in F&O ban today

SAIL

Kaynes

Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

FII/DII action

Foreign portfolio investors net bought shares worth Rs 187 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 684 crore.

Rupee
The rupee weakened to a fresh record low of 95.96 before closing with a marginal gain of 2 paise at 95.64 against the US dollar on Thursday, as it resisted pressure from a firm American currency and inflation worries amid elevated energy prices.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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