Morning Intelligence
23 July 2026 | Pre-Market Setup
🌅 Opening Bias: Bearish
Global cues are largely negative with US markets and GIFT Nifty showing significant declines, suggesting a gap-down opening for Indian equities.
🌍 Global Cues & Asian Markets
GIFT Nifty and major US indices are trading lower in pre-market, while Nikkei 225 showed a positive closing, indicating mixed global sentiment with a bearish tilt for India.
🇮🇳 Yesterday’s Close
📰 Pre-Market News
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Education Secretary Shifted Out Amid Massive Row Over NEET Paper Leak
India's Education Secretary has been moved following widespread protests and a major controversy surrounding the NEET paper leak, with the Prime Minister assuring strict action against those responsible. -
Lockheed Martin, RTX Rally Up To 12% As Pentagon's Hawkish Plans Lift 2026 Guidance
Defense giants Lockheed Martin and RTX saw their shares rally significantly after raising their 2026 financial outlooks, driven by the Pentagon's accelerated weapons replenishment efforts amid global conflicts. -
India's Retail Investing Boom Seen as Structural Shift, Potential for 40 Crore Demat Accounts in a Decade
The growth in India's retail investing is considered a structural shift, with projections of demat accounts potentially reaching 40 crore over the next ten years, driven by favorable demographics and increasing financialization.
🎯 Stocks in Focus
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Infosys
Infosys is among the stocks to watch today, likely due to recent news or upcoming announcements. -
IndiGo
IndiGo is in focus for today's trading session, possibly influenced by operational updates or sector trends. -
NTPC
NTPC is expected to be in focus, potentially driven by developments in the power sector or company-specific news.
💡 Structural Watchlist
Long-term
UPSIDE: +30-40%
Basis of Pick: The company, traditionally a specialty marine chemicals maker, is making a strategic pivot into Silicon Carbide (SiC) semiconductor manufacturing through its subsidiary SiCSem, backed by the India Semiconductor Mission. This diversification into a high-growth, strategically important sector like advanced electronics offers significant long-term potential beyond its core business.
This overlooked mid-cap is transforming into a key player in India's nascent but rapidly expanding semiconductor ecosystem, positioning it for substantial re-rating as the SiC fab scales up.
Mid-term
UPSIDE: +18-22%
Basis of Pick: Kaynes Technology is a leading Electronics Manufacturing Services (EMS) provider, benefiting from the government's Production Linked Incentive (PLI) scheme and the 'Make in India' initiative. The company has demonstrated strong financial growth with a 5-year revenue CAGR of 54% and profit CAGR of 108%, operating in a sector poised for structural expansion due to localization and value-added manufacturing.
As India's electronics manufacturing ecosystem matures, Kaynes Technology, with its robust financials and diversified client base across critical sectors, is well-positioned to capture increasing domestic and export demand.
*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
There are no major economic data releases explicitly mentioned for today, July 23, 2026.