Morning Intelligence
23 July 2026 | Pre-Market Setup
🌅 Opening Bias: Bearish
Escalating geopolitical tensions in the Middle East, rising crude oil prices, and FII/DII selling are weighing on pre-market sentiment for Indian equities.
🌍 Global Cues & Asian Markets
Global markets present a mixed picture, with Asian markets showing some gains, but US futures and GIFT Nifty indicating a subdued to weak opening for Indian markets due to geopolitical concerns and elevated crude oil prices.
🇮🇳 Yesterday’s Close
📰 Pre-Market News
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Indian Stock Market Poised for Weak Opening Amid Middle East Tensions and Higher Oil Prices
Escalating geopolitical tensions in the Middle East are driving crude oil prices higher, creating a cautious and likely weak opening for the Indian stock market today. -
Q1 Earnings Season Shows Mixed Results for Indian Companies
The first quarter earnings season is presenting a mixed bag, with companies like IndusInd Bank and NTPC Green Energy reporting strong profit growth, while others such as HPCL faced losses. -
HCL Technologies Secures Major eSIM Transfer Deal with TIM Brasil
HCL Technologies has been selected by TIM Brasil to implement South America's first cross-platform eSIM transfer capability, strengthening HCLTech's position in advanced telecommunications services.
🎯 Stocks in Focus
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NTPC Green Energy
NTPC Green Energy reported strong Q1 financial performance, with consolidated net profit increasing 38.3% year-on-year and revenue growing 62.7%, driven by higher renewable energy generation. -
HCL Technologies
HCLTech is in focus after being chosen by TIM Brasil to enable South America's first cross-platform eSIM transfer, a move expected to enhance mobile connectivity in Brazil. -
IndusInd Bank
IndusInd Bank posted a strong first quarter, with net profit rising 46.5% year-on-year, supported by stable growth in net interest income and improved asset quality.
💡 Structural Watchlist
Long-term
Upside: +25-30%
Basis of Pick: KPI Green Energy has a strong and expanding portfolio in solar, wind, and hybrid projects, with recent diversification into battery energy storage and power trading. The company has demonstrated consistent revenue and profit growth, driven by its scaled-up project portfolio and increasing corporate demand for clean power solutions.
Positioned to be a significant beneficiary of India's ambitious renewable energy targets and the accelerating corporate transition towards sustainable energy, offering substantial long-term growth potential in the green energy sector.
Mid-term
Upside: +18-22%
Basis of Pick: Syrma SGS Technology is a diversified Electronics System Design and Manufacturing (ESDM) player, catering to high-growth sectors including consumer electronics, industrial, automotive, healthcare, IT, and railways. The company reported strong financial performance in FY26 with significant year-on-year revenue and profit after tax (PAT) growth, alongside increased foreign institutional investor (FII) holdings.
The company is well-aligned with India's 'Make in India' initiative and government-backed manufacturing pushes like Semicon 2.0 and the Mobile Phone Manufacturing Scheme, benefiting from global supply chain diversification and robust domestic demand in the electronics manufacturing services (EMS) sector.
*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 busy day for Q1 FY27 earnings, with several key companies, including Infosys and InterGlobe Aviation, scheduled to announce their quarterly results.