Morning Intelligence
23 July 2026 | Pre-Market Setup
🌅 Opening Bias: Neutral
Global cues are mixed with US futures indicating a weak opening and crude oil surging due to geopolitical tensions, while Indian markets closed lower yesterday, but domestic resilience is suggested by the latest Index of Core Industries data.
🌍 Global Cues & Asian Markets
Global markets present a mixed picture with US futures pointing to a weak start, while Asian markets, particularly Nikkei 225, show gains, influenced by tech earnings and ongoing geopolitical developments.
🇮🇳 Yesterday’s Close
📰 Pre-Market News
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Crude Oil Surges Amid US-Iran Tensions
Crude Oil WTI Futures surged over 4% as the US-Iran conflict continues, keeping the Strait of Hormuz effectively sealed and raising global supply disruption concerns. -
Lockheed Martin, RTX Rally on Pentagon's Hawkish Plans
Lockheed Martin and RTX saw rallies of up to 12% as the Pentagon accelerates weapons replenishment following conflicts in Ukraine and West Asia, lifting their 2026 guidance. -
Asian Markets Mixed; Nikkei Rises on Semiconductor Rally
Asian stocks are trading mostly higher, with Japan's Nikkei 225 surging due to a rally in semiconductor stocks, while other markets react to mixed cues from Wall Street.
🎯 Stocks in Focus
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Infosys (NSE: INFY)
Infosys is in focus today, potentially reacting to global tech earnings and broader market sentiment. -
IndiGo (NSE: INDIGO)
InterGlobe Aviation (IndiGo) is a stock to watch, especially given the impact of rising crude oil prices on airline operational costs. -
Caliber Mining & Logistics
Caliber Mining & Logistics will be in focus as its shares list on the exchanges today.
💡 Structural Watchlist
Long-term
UPSIDE: +25-30%
Basis of Pick: India's ambitious renewable energy targets and robust government support through PLI schemes are significantly boosting the solar EPC sector. Waaree Renewables, as a key player, is strategically positioned with a strong order book and expanding project pipeline.
This company offers a compelling long-term investment opportunity, capitalizing on India's multi-year green energy transition and growing demand for sustainable power solutions.
Mid-term
UPSIDE: +18-22%
Basis of Pick: The 'Make in India' and 'Atmanirbhar Bharat' initiatives are driving increased indigenous defense procurement. Data Patterns specializes in defense and aerospace electronics, a high-growth niche characterized by significant entry barriers and a healthy order book.
Expected to benefit from a surge in domestic defense orders and a strategic focus on advanced electronics, providing a strong growth outlook for the next 1-2 years.
*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
The updated Index of Core Industries (ICI) data for June 2026 was released, showing a five-month high growth of 5%, suggesting Indian industry is shrugging off the slump from the West Asia crisis.