Pour the red wine, cranberry juice, blood orange juice, and brandy into a large pitcher.
Add the sliced blood orange and fresh cranberries directly to the liquid.
Stir the mixture until the ingredients are fully combined.
Place the pitcher in the refrigerator for at least two hours so the fruit flavors can infuse the wine.
Right before serving, pour in the sparkling water and add ice cubes.
Give the punch one final gentle stir and serve in glasses with some fruit in each.