The bears have tasted blood below 26,000, and the global handover suggests they are coming back for more. The Gift Nifty is signaling a near 100-point gap down at the open, so brace for impact.

Good morning, I'm Prem, and this is News That Move Markets.

The global mood has turned cautious. Wall Street pulled back last night, with the Dow dropping nearly half a percent and the Nasdaq slipping marginally. The primary trigger? Nervousness ahead of the critical Federal Reserve interest rate decision coming this Wednesday. Nobody wants to be a hero before the Fed speaks.

That caution has spilled over into Asia, where geopolitical tension is rising after Japan lodged a protest against Chinese military maneuvers. This uncertainty is weighing on sentiment. The result for us is painful. The Gift Nifty is trading at 25,956. That is a sentiment drop of 94 points compared to where we were yesterday afternoon. We are looking at a gap-down start that puts us firmly below the psychological 26,000 mark.

However, look closer at the institutional flows. There is a silver lining. FII selling moderated significantly yesterday. They sold 656 crores, which is a fraction of the panic selling we saw last week. On the other side, Domestic Institutions continued their buying spree, scooping up over 2,500 crores. The panic might be exhausting itself, but the bulls need to defend 25,900 aggressively today.

For stocks in focus, keeping your eyes glued to IndiGo. After the stock crashed 8 percent yesterday, the financial damage is now official. Late last night, the airline confirmed they have refunded 610 crore rupees to passengers. This 6-day disruption is no longer just an operational headline; it is a direct hit to their cash flow. Expect the stock to remain under severe pressure.

Quick check on the stress monitor. The best news for India is coming from the oil pits. Brent Crude has cracked another 2 percent, trading down at 62 dollars and 50 cents. This is a massive macro tailwind for our import bill. The Rupee remains weak at 90.11 against the dollar. Bitcoin is consolidating, trading flat at 90,400 dollars.

So, here is your trade setup. We are opening in the red. With the Gift Nifty below 26,000, the trend is weak, but do not chase shorts aggressively at the gap down. The DIIs are buying the dips. Watch the first 30 minutes. If 25,900 holds, we might see a dead cat bounce. If it breaks, the bears take full control.

That is your intelligence for the day. I am Prem, and this is News That Move Markets. If you found this actionable, hit subscribe. Good luck, and trade safe.