Trade Setup for Today: Key Things to Know Before the Opening Bell on July 23, 2026
GIFT Nifty trades marginally lower at 23,865, indicating a flat to slightly negative start for Indian markets. US markets closed with modest losses led by NASDAQ (-0.55%), while Asian markets show positive momentum with Nikkei up 0.64% and Hang Seng gaining 0.85%. Crude oil continues upward trajectory (+1.58%) while gold faces selling pressure (-0.82%). Both FIIs and DIIs were net sellers with outflows of ₹819.20 cr and ₹418.26 cr respectively. Key corporate earnings from Infosys, Cipla, IndiGo, and PVR Inox will drive stock-specific movements today.
*this image is generated using AI for illustrative purposes only.
Global markets present a mixed picture as traders gear up for another session, with commodity movements and corporate earnings taking center stage. Here's what's shaping market sentiment ahead of the opening bell.
GIFT Nifty Update
| Metric | Value |
|---|---|
| SGX Nifty | 23,865.00 |
| Change | -4.50 points (-0.02%) |
| Previous Close | 23,869.50 |
| Day Range | 23,862.00 - 23,920.50 |
GIFT Nifty futures are trading marginally lower, indicating a flat to slightly negative start for domestic indices.
US Markets
American indices closed with modest losses in the previous session:
| Index | Price | Change | Change % |
|---|---|---|---|
| Dow Jones | 52,239.58 | -6.06 | -0.01% |
| NASDAQ | 25,715.27 | -142.94 | -0.55% |
| S&P 500 (E-Mini) | 7,533.75 | -6.50 | -0.09% |
The technology-heavy NASDAQ led the decline, while the Dow Jones remained nearly flat.
Asian Markets
Asian markets are showing positive momentum:
| Index | Price | Change | Change % |
|---|---|---|---|
| Nikkei 225 | 66,539.64 | +424.04 | +0.64% |
| Hang Seng | 25,104.00 | +211.34 | +0.85% |
| FTSE 100 | 10,716.97 | +131.06 | +1.24% |
Japanese and Hong Kong markets are leading the regional gains, while London's FTSE 100 posted strong overnight performance.
Commodity Trends
| Commodity | Price (USD) | Change | Change % |
|---|---|---|---|
| Crude Oil (WTI) | 88.20 | +1.37 | +1.58% |
| Gold Futures | 4,117.80 | -34.10 | -0.82% |
| Silver Futures | 59.80 | -0.50 | -0.83% |
| Natural Gas | 2.96 | +0.03 | +1.03% |
| Copper | 6.50 | +0.02 | +0.24% |
Crude oil continues its upward trajectory, while precious metals face selling pressure. Natural gas and copper are showing modest gains.
Currency Updates
| Currency Pair | Rate | Change | Change % |
|---|---|---|---|
| USD/INR | 96.55 | -0.01 | -0.01% |
| EUR/USD | 1.14 | +0.00 | +0.07% |
The rupee remains relatively stable against the dollar, while the euro shows marginal strength.
FII/DII Activity
Latest Trading Data
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII/FPI | 12,889.82 | 13,709.02 | -819.20 |
| DII | 13,665.69 | 14,083.95 | -418.26 |
Both foreign and domestic institutional investors were net sellers in the previous session, indicating cautious sentiment.
Key Corporate Actions Today
Several major companies have important events scheduled:
Quarterly Results
- Infosys: Q1 results announcement
- Cipla: Quarterly earnings
- Coromandel International: Q1 results
- Mphasis: Quarterly results and AGM
- IndiGo: Q1 earnings
- PVR Inox: Quarterly results
Dividend Payments
- Oberoi Realty: Interim dividend of ₹2.00 per share
- ICRA: Final dividend of ₹70.00 + Special dividend of ₹35.00 per share
- Pidilite Industries: Final dividend of ₹11.50 per share
- ESAB India: Final dividend of ₹25.00 per share
Annual General Meetings
- ITC: AGM scheduled
- Hindalco Industries: AGM
- Dr. Reddy's Laboratories: AGM
- Coromandel International: AGM and results
Conclusion
Markets are likely to open on a cautious note, with GIFT Nifty indicating a flat start. The mixed global cues, combined with significant corporate earnings announcements and institutional selling pressure, may lead to stock-specific movements. Traders should focus on individual stock performances, particularly those announcing results, while keeping an eye on commodity price movements and global market developments.
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