Morning Intelligence
23 July 2026 | Pre-Market Setup
🌅 Opening Bias: Bearish
Global markets are exhibiting a bearish sentiment driven by surging crude oil prices and a decline in US tech futures, likely impacting the Indian market opening.
🌍 Global Cues & Asian Markets
GIFT Nifty and US futures are trading lower, while Nikkei shows a marginal gain, indicating mixed to negative global cues.
🇮🇳 Yesterday’s Close
📰 Pre-Market News
-
Crude Oil Surges Over 6% Amid Escalating Geopolitical Tensions
Crude oil prices have surged over 6% to above $92 per barrel, extending gains for a fifth consecutive session, as escalating geopolitical tensions intensify concerns over global supply disruptions. -
US Stock Futures Decline on Tech Earnings and Rising Oil Prices
US stock index futures are pointing lower as investors react to another round of technology earnings reports and the continued rise in crude oil prices. -
Indian Rupee Under Pressure as Crude Oil Prices Climb
The Indian Rupee is hovering around ₹96.6 per dollar, extending losses for a third session, pressured by surging crude oil prices and a stronger dollar.
🎯 Stocks in Focus
-
Indusind Bank (NSE: INDUSINDBK)
Indusind Bank is among the top losers in the Sensex, contributing to the benchmark index's decline in yesterday's trading session. -
Exicom Tele-Systems (NSE: EXICOM)
The company was a top gainer in the Electronics Manufacturing Services (EMS) sector, reflecting positive sentiment and growth potential within the industry. -
Alphabet (NASDAQ: GOOGL)
Shares of the tech giant are down more than 5% in pre-market trading following its latest earnings report, weighing on broader Nasdaq futures.
💡 Structural Watchlist
Long-term
UPSIDE: +25-30%
Basis of Pick: India's Electronics Manufacturing Services (EMS) sector is on a strong long-term growth trajectory, fueled by rising localization, semiconductor-linked opportunities, and a strategic shift towards value-added manufacturing. Kaynes Technology is a leading integrated EMS provider with robust financials, demonstrating a 5-year revenue CAGR of 54% and profit CAGR of 108%.
The company is well-positioned to capitalize on government initiatives like the PLI scheme and the 'China+1' strategy, driving sustained growth in electronics exports and domestic consumption.
Mid-term
UPSIDE: +18-22%
Basis of Pick: The Indian specialty chemicals sector is poised for significant expansion, driven by global supply chain diversification and increasing domestic demand. Himadri Speciality Chemical, a leader in specialty carbon materials, is strategically investing in lithium-ion battery materials, aligning with the burgeoning EV and green energy ecosystems.
Its focus on niche products and expansion into advanced battery materials positions it for strong growth as India's clean energy transition accelerates.
*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 scheduled for today.