Morning Intelligence
28 July 2026 | Pre-Market Setup
🌅 Opening Bias: Cautious
Global markets are mixed to negative with Asian markets falling, while crude oil prices have plunged due to easing US-Iran tensions, and investors await key corporate earnings and the US Fed decision.
🌍 Global Cues & Asian Markets
GIFT Nifty shows a flat to slightly positive opening, while US futures and Nikkei 225 are down, reflecting mixed global sentiment ahead of key economic events.
🇮🇳 Yesterday’s Close
📰 Pre-Market News
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Crude Oil Prices Plunge as US-Iran Talks Resume
Crude oil fell below $82 per barrel, extending losses for a third consecutive session, as President Donald Trump announced "good talks" with Iran, fueling optimism for a diplomatic resolution to Middle East tensions. -
Indian Markets Brace for Volatile Session Amid F&O Expiry and Earnings Rush
Indian equity markets are expected to open cautiously, with volatility likely to remain elevated as investors prepare for the monthly F&O expiry and a packed earnings calendar, including results from Larsen & Toubro, Hindustan Unilever, and Suzlon Energy. -
Asian Markets Decline on Tech Stock Unwinding Ahead of US Earnings
Markets across the Asia-Pacific region are trading in the red as investors unwind their bets on technology stocks ahead of earnings reports from major US tech companies like Amazon, Meta Inc, and Apple Inc.
🎯 Stocks in Focus
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Bharat Electronics (BEL)
The stock is likely to attract attention after reporting higher June-quarter earnings, with robust execution helping to offset weaker-than-expected margins. -
Tata Power
Tata Power posted year-on-year growth in its first-quarter profit, supported by improved operating performance and expansion in its transmission and distribution business. -
Narayana Hrudayalaya (NSE: NH)
Recommended by Sumeet Bagadia, the stock is showing strong bullish momentum after taking support near its rising trendline and reclaiming key moving averages, indicating strengthening trend momentum.
💡 Structural Watchlist
Long-term
UPSIDE: +25-30%
Basis of Pick: India's increasing focus on indigenous defense manufacturing and modernization, coupled with Zen Technologies' leadership in drone and anti-drone systems, positions it for sustained growth. The company benefits from a strong order book and government's 'Make in India' initiatives in the defense sector.
A key beneficiary of the structural shift towards domestic defense procurement and advanced warfare technologies.
Mid-term
UPSIDE: +18-22%
Basis of Pick: Amber Enterprises is a leading player in the Electronics Manufacturing Services (EMS) sector, particularly in the HVAC industry. The company is well-positioned to capitalize on government Production Linked Incentive (PLI) schemes, rising domestic demand for consumer electronics, and increasing outsourcing trends in electronics manufacturing.
Strong growth prospects driven by PLI schemes and expanding market for outsourced electronics manufacturing in India.
*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
The US Federal Reserve's policy decision is due on Wednesday, which will be closely monitored by investors for cues on the future interest rate path.