Morning Intelligence
29 July 2026 | Pre-Market Setup
🌅 Opening Bias: Neutral to Cautiously Optimistic
Global markets present mixed signals with crude oil surging on geopolitical tensions, while the Indian rupee has strengthened and the domestic IT sector shows resilience driven by strong earnings.
🌍 Global Cues & Asian Markets
GIFT Nifty and major Asian and US futures indices show a downward trend in pre-market, though Dow Jones futures are only slightly down, while crude oil prices have surged due to renewed Middle East tensions.
🇮🇳 Yesterday’s Close
📰 Pre-Market News
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Rupee strengthens as crude oil prices fall.
The Indian rupee gained against the dollar, closing at ₹95.84 per dollar on Tuesday, supported by falling Brent crude prices and dollar sales by the RBI. -
Indian IT stocks rally on earnings beat and AI optimism.
Indian information technology stocks climbed on Tuesday, driven by strong earnings reports from companies like Coforge and easing global AI pressure, suggesting resilient demand and attractive valuations. -
Crude oil surges over 4% on renewed Middle East tensions.
Crude oil prices surged more than 4% towards $83 per barrel on Wednesday, reversing a three-day losing streak as renewed hostilities in the Middle East reignited geopolitical concerns over energy supply disruptions.
🎯 Stocks in Focus
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Larsen & Toubro (L&T)
L&T reported strong profit growth for the quarter, contributing to positive market sentiment for the stock. -
Coforge
Coforge saw significant revenue and profit increases, boosting Indian IT sector stocks amid global tech trends and AI optimism. -
Suzlon Energy
Suzlon Energy's revenue was up 22% in Q1, despite a decline in overall profits, keeping it in focus for investors.
💡 Structural Watchlist
Long-term
UPSIDE: +25-30%
Basis of Pick: Kaynes Technology is a rapidly growing Electronics Manufacturing Services (EMS) specialist in IoT, industrial, and medical electronics, benefiting significantly from India's Production Linked Incentive (PLI) scheme and the broader push for domestic electronics manufacturing.
Its strong growth trajectory (45-50% annually) and focus on high-growth segments position it well to capitalize on India's ambition to become a global electronics manufacturing hub, especially in specialized areas.
Mid-term
UPSIDE: +18-22%
Basis of Pick: RIR Power Electronics specializes in manufacturing power semiconductor devices and modules, a critical component in the growing demand for energy-efficient equipment and industrial automation in India.
With increasing adoption of EVs and 5G, and government support for semiconductor ecosystem development, RIR Power is poised to benefit from the rising demand for its specialized products in the coming years.
*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
Investors are keenly awaiting the US Federal Reserve's interest rate decision and US second-quarter GDP figures later this week.