Morning Intelligence
23 July 2026 | Pre-Market Setup
🌅 Opening Bias: Bearish
Global markets are showing a negative bias with US futures and GIFT Nifty trading lower, primarily driven by rising crude oil prices and geopolitical tensions.
🌍 Global Cues & Asian Markets
GIFT Nifty indicates a gap-down opening for Indian markets, mirroring negative cues from US futures, while Nikkei shows a modest gain.
🇮🇳 Yesterday’s Close
📰 Pre-Market News
-
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, with fast-track courts to be established, amidst ongoing protests demanding the education minister's resignation. -
India's Adani Power evaluates nuclear technologies, awaits policy clarity.
Adani Power is exploring nuclear energy technologies, indicating a potential diversification into the nuclear sector, pending clear policy guidelines from the government. -
India's PVR INOX posts first-quarter profit as moviegoers buy more tickets, spend more on food.
PVR INOX reported a profit in the first quarter, driven by increased movie attendance and higher spending on food and beverages by patrons.
🎯 Stocks in Focus
-
Infosys
Infosys' Q1 results are in focus, with the company reporting a net profit fall of 8.6% but meeting expectations, while revenue rose. -
IndiGo
IndiGo's Q1 earnings are a key focus today, following its recent performance updates. -
IEX (Indian Energy Exchange)
IEX's Q1 results show a 12% rise in profit, with expanding margins, placing it in focus for today's trading.
💡 Structural Watchlist
Long-term
UPSIDE: +20-25%
Basis of Pick: Strong beneficiary of the government's Mobile Phone Manufacturing Scheme (PLI) and removal of customs duty on key electronics components, driving growth in the electronics manufacturing sector.
The company is well-positioned to capitalize on the 'Make in India' initiative in consumer electronics, with policy support enhancing its competitive edge and market share.
Mid-term
UPSIDE: +15-20%
Basis of Pick: A leading player in the indigenous defense simulation and training systems, benefiting from India's increasing focus on defense indigenization and modernization.
With rising geopolitical tensions and a push for self-reliance in defense, Zen Technologies is expected to see robust order inflows and sustained growth in the coming quarters.
*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
No major economic data releases are scheduled for today.