Morning Intelligence
24 July 2026 | Pre-Market Setup
🌅 Opening Bias: Bearish
Domestic equities are extending losses for a fourth consecutive session amid a sharp surge in Brent crude oil prices and a significant plunge in US tech stocks, indicating fragile investor sentiment.
🌍 Global Cues & Asian Markets
US tech stocks plunged on AI spending worries, while crude oil surged, contributing to a cautious global market sentiment.
🇮🇳 Yesterday’s Close
📰 Pre-Market News
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Indian Equities Extend Losses Amid Surging Crude and FPI Outflows
Domestic equities have fallen for a fourth consecutive session, with investor sentiment remaining fragile due to a sharp rise in Brent crude oil prices and continued net selling by Foreign Portfolio Investors (FPIs) worth ₹2,999 crore. -
Nasdaq Plunges 2% as Big Tech Earnings Rekindle AI Spending Worries
US stocks opened lower, with the Nasdaq experiencing a significant 2% plunge, as recent Big Tech earnings reports have reignited concerns about AI spending and valuations. -
Key Indian Companies Announce Q1 Results Today
Several prominent Indian companies, including Infosys, Cipla, and IndiGo, are in focus as they announce their first-quarter results today, following mixed earnings reports from other firms.
🎯 Stocks in Focus
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Infosys (NSE: INFY)
Infosys reported a 12% year-on-year profit growth in its first quarter, placing it in focus as other companies also release their quarterly results. -
Cipla (NSE: CIPLA)
Cipla's net profit fell 39% in the first quarter due to weakness in its North America business, making it a stock to watch today. -
IndiGo (NSE: INDIGO)
IndiGo reported a loss of ₹238 crore in its first quarter, contributing to the list of companies in news for their earnings performance.
💡 Structural Watchlist
Long-term
UPSIDE: +25-30%
Basis of Pick: India's ambitious National Green Hydrogen Mission aims for 5 MMT annual production by 2030, with significant government backing and investments. KPI Green Energy is an interesting small-cap player, having commissioned a 1 MW green hydrogen plant and secured an NTPC award, positioning it as an early mover in this high-growth sector.
As India transitions towards energy independence and net-zero emissions, KPI Green's strategic initiatives in green hydrogen offer substantial long-term growth potential, albeit with small-cap volatility.
Mid-term
UPSIDE: +18-22%
Basis of Pick: Himadri Speciality Chemical is a key player in the EV ecosystem, producing specialized carbon anode materials essential for lithium-ion batteries. The Indian EV market is projected to grow significantly, and Himadri's critical role in the battery supply chain provides a strong structural growth play without direct exposure to EV manufacturing risks.
With the rapid expansion of the EV market in India, Himadri's niche in battery components positions it to benefit from increasing demand and technological advancements, offering a compelling mid-term opportunity.
*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
Several Indian companies are scheduled to announce their first-quarter earnings today, which could influence market sentiment.