Morning Intelligence
23 July 2026 | Pre-Market Setup
🌅 Opening Bias: Neutral
Global markets show mixed signals with US futures down on tech earnings, while Asian markets like Nikkei show resilience, leading to a cautious but not overly bearish pre-market sentiment for India.
🌍 Global Cues & Asian Markets
GIFT Nifty and US futures are trading lower, indicating a potential gap-down opening for Indian markets, while the Nikkei 225 shows positive movement.
🇮🇳 Yesterday’s Close
📰 Pre-Market News
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India's Modi promises fast-track courts on exam leaks, protesters want minister to quit.
Prime Minister Narendra Modi has assured strict action against those responsible for exam paper leaks, leading to the appointment of a judge to head a fast-track court for such cases. -
Lockheed Martin, RTX Rally Up To 12% As Pentagon's Hawkish Plans Lift 2026 Guidance.
Defense contractors Lockheed Martin and RTX have raised their 2026 financial outlooks due to accelerated weapons replenishment by the Pentagon following global conflicts. -
Himadri Speciality Chemical surges to new highs as innovation and earnings fuel investor optimism.
Himadri Speciality Chemical's stock has surged to a 52-week high after reporting strong quarterly results and announcing strategic investments in advanced materials like carbon nanotube technology.
🎯 Stocks in Focus
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Infosys
India's second-largest IT giant is in focus today as it declares its Q1 results, with early reports indicating a 9% fall in profit. -
IndiGo
InterGlobe Aviation, the parent company of IndiGo, is among the stocks to watch today. -
NTPC
NTPC and its green energy arm, NTPC Green Energy, are in focus today, with the latter showing significant volume.
💡 Structural Watchlist
Long-term
UPSIDE: +25-30%
Basis of Pick: Strong performance in specialty chemicals, strategic investments in advanced battery materials and carbon nanotube (CNT) technology, benefiting from domestic demand and global supply chain shifts.
The company recently reported its highest-ever quarterly revenue, EBITDA, and profit after tax, driven by a resilient product mix and diversification into high-margin, technology-intensive products.
Mid-term
UPSIDE: +18-22%
Basis of Pick: Diversifying from marine chemicals into Silicon Carbide (SiC) semiconductor manufacturing, a high-growth industry with applications in EVs, defense, and solar, supported by the India Semiconductor Mission.
Through its subsidiary SiCSem, the company has executed a Fiscal Support Agreement with the India Semiconductor Mission for its first commercial SiC compound semiconductor fab, positioning it for significant future demand in critical sectors.
*Disclaimer: The structural watchlist suggestions are based on market data and quantitative/technical setups. These are for educational purposes and should not be considered as professional investment advice. Consult a SEBI registered advisor before making financial decisions.
💱 Commodities & Forex
📅 Today’s Calendar
Today marks a key day for corporate earnings with Infosys and Indian Energy Exchange (IEX) scheduled to release their Q1 results.