Morning Intelligence
23 July 2026 | Pre-Market Setup
🌅 Opening Bias: Bearish
Global cues are largely negative with US futures pointing lower on tech earnings, and Indian pre-market indicator GIFT Nifty also showing a decline.
🌍 Global Cues & Asian Markets
Asian markets show mixed signals with Nikkei up, while US futures and GIFT Nifty indicate a negative opening for Indian markets, primarily due to technology earnings and profit booking.
🇮🇳 Yesterday’s Close
📰 Pre-Market News
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Gold and silver prices decline on MCX due to profit booking; elevated crude oil, US Fed's policy decision in focus.
Precious metals witnessed a fall on MCX as investors engaged in profit booking, while rising crude oil prices and upcoming US Federal Reserve policy decisions remain key market drivers. -
US stock index futures point lower as technology earnings weigh on sentiment.
Futures linked to major US stock indices are indicating a weaker opening, with investor sentiment impacted by the latest round of technology sector earnings reports. -
Indian Rupee pauses slide despite surging oil prices, hovers around ₹96.4 per dollar.
The Indian rupee showed some stability around ₹96.4 against the US dollar, momentarily halting its recent depreciation, though the upward trend in crude oil prices continues to exert pressure.
🎯 Stocks in Focus
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Coforge
The global digital services company has outlined an ambitious growth roadmap, targeting US$5 billion in revenue by FY30 and is investing heavily in AI infrastructure and services. -
Suzlon Energy
A key player in India's wind energy sector, Suzlon is focused on capitalizing on India's clean energy transition, with its revenue growing at a 3-year CAGR of 58%. -
Himadri Speciality Chemical
This specialty carbon materials company is establishing a lithium-ion battery material project, positioning itself for growth in the advanced battery segment.
💡 Structural Watchlist
Long-term
Upside: +25-30%
Basis of Pick: The company is a leading player in specialty carbon materials and is strategically investing in a lithium-ion battery material project, aligning with the long-term structural growth in the EV and energy storage sectors in India.
With India's aggressive push for EVs and renewable energy storage, HSCL's early mover advantage in advanced battery materials positions it for significant multi-year growth, moving beyond traditional specialty chemicals into high-growth segments.
Mid-term
Upside: +18-22%
Basis of Pick: Kaynes Technology is a fast-growing electronics manufacturing services (EMS) specialist, benefiting significantly from the government's Production Linked Incentive (PLI) schemes and the 'Make in India' initiative in electronics.
As India aims to become a global electronics manufacturing hub, Kaynes Technology, with its focus on IoT, industrial, and medical electronics, is poised to capture increasing domestic and export demand, supported by favorable government policies.
*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 explicitly highlighted for today, July 23, 2026, in the provided information.