Welcome to BreakOut by 5paisa, your daily pre-market brief where we decode everything that shaped the previous session and everything that could move the markets today. In this episode, we look back at a volatile and rangebound trading day for Indian equities that ended in the red as rising India VIX kept traders cautious and limited bullish conviction. FIIs continued to sell into the market while DIIs stepped in to absorb some of the supply, highlighting a split in flows and positioning. Sectorally, metals, PSU banks, and power names stood out on the leadership side, while auto, IT, and realty pockets saw pressure.

We also dive into the weekly options setup, where open interest distribution pointed toward resistance at higher strikes and meaningful support at lower bands, while the Put-Call ratio cooled off further, signaling caution in the near term. Gift Nifty hovered close to flat in early trade, and the primary market continued to stay active with fresh listings and subscriptions drawing institutional interest.

Globally, U.S. equities staged a recovery after two sessions of declines as chip makers and financials led the bounce, while early Asian trade appeared mixed with no broad directional cues ahead of major earnings and macro data releases. With a packed earnings calendar in India, ongoing FII-DII flow divergence, and volatility measures staying elevated, today’s session sets up as one where sentiment, positioning, and global risk appetite will matter as much as fundamentals. Stay tuned as we break it all down before the opening bell.