Trade Setup for Today: Key Things to Know Before the Opening Bell on July 24, 2026
SGX Nifty trades marginally lower at 23,673, down 3.50 points, indicating a flat opening. US markets declined sharply with NASDAQ falling 2.15% and Dow dropping 0.97%, though futures show modest recovery. Asian markets remain weak with Nikkei down 2.96% and Hang Seng declining 1.12%. FIIs continued selling with net outflows of ₹2,999 crores while DIIs provided support with ₹2,947 crores net buying. Crude oil trades lower at $91.84 and USD/INR holds steady at 96.57. Key earnings from ACC, SBI Cards, Bank of Baroda, NTPC, and Jindal Steel along with major dividends from Hero Motocorp (₹75) and Abbott India (₹656) will drive market focus.
*this image is generated using AI for illustrative purposes only.
Global markets are showing mixed signals as we head into today's trading session, with Asian indices declining while US futures point to a modest recovery. Several key factors are shaping market sentiment, including corporate earnings, commodity movements, and institutional trading patterns.
GIFT Nifty Update
The SGX Nifty is trading marginally lower at 23,673.00, down by 3.50 points or 0.01% from its previous close of 23,676.50. This suggests a flat to slightly negative opening for domestic indices.
| Metric | Value |
|---|---|
| Current Price | 23,673.00 |
| Previous Close | 23,676.50 |
| Change | -3.50 (-0.01%) |
| Day High | 23,729.00 |
| Day Low | 23,664.50 |
US Markets
US markets faced significant selling pressure in the previous session, with major indices posting notable declines:
| Index | Value | Change | Change % |
|---|---|---|---|
| Dow Jones | 51,732.65 | -506.93 | -0.97% |
| NASDAQ | 25,160.28 | -551.63 | -2.15% |
| S&P 500 (E-Mini) | 7,450.00 | +5.00 | +0.07% |
The NASDAQ led the decline with a 2.15% drop, while Dow futures are showing some recovery with a 0.11% gain to 51,770.50.
Asian Markets
Asian markets are experiencing mixed trading patterns:
| Index | Value | Change | Change % |
|---|---|---|---|
| Nikkei 225 | 64,457.83 | -1,964.77 | -2.96% |
| Hang Seng | 24,928.50 | -282.32 | -1.12% |
| FTSE 100 | 10,639.17 | -77.80 | -0.73% |
The Nikkei is facing the steepest decline at nearly 3%, reflecting broader risk-off sentiment in the region.
Commodity Trends
Commodity markets are showing varied movements:
| Commodity | Price (USD) | Change | Change % |
|---|---|---|---|
| Crude Oil (WTI) | $91.84 | -$0.35 | -0.38% |
| Gold Futures | $4,047.30 | -$2.90 | -0.07% |
| Silver Futures | $57.94 | -$0.12 | -0.20% |
| Natural Gas | $2.92 | -$0.00 | -0.14% |
| Copper | $6.33 | -$0.00 | -0.02% |
Most commodities are trading in the red, with crude oil showing a modest decline despite ongoing geopolitical concerns.
Currency Updates
The USD/INR pair is trading at 96.57, showing a marginal gain of 0.01 points or 0.01%. The EUR/USD is at 1.14, up 0.06% from the previous session.
FII/DII Activity
Institutional trading patterns reveal contrasting flows:
| Date | FII Buy (₹ Cr) | FII Sell (₹ Cr) | FII Net (₹ Cr) | DII Buy (₹ Cr) | DII Sell (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|---|---|---|---|
| July 23 | 11,472.08 | 14,471.31 | -2,999.23 | 16,575.30 | 13,628.16 | 2,947.14 |
| July 22 | 12,889.82 | 13,709.02 | -819.20 | 13,665.69 | 14,083.95 | -418.26 |
| July 21 | 16,327.88 | 14,677.72 | 1,650.16 | 14,638.54 | 15,295.42 | -656.88 |
Foreign investors continued their selling streak with net outflows of ₹2,999.23 crores, while domestic institutions provided support with net buying of ₹2,947.14 crores.
Key Corporate Actions Today
Several companies have important corporate actions scheduled:
Quarterly Results:
- ACC, Acutaas Chemicals, Dalmia Bharat, SBI Cards, Bank of Baroda, SBI Life Insurance, NTPC, Jindal Steel, and others
Dividends:
- Zydus Life Science (₹1.00), Hero Motocorp (₹75.00), Abbott India (₹525.00 + ₹131.00 special), Bharti Airtel (₹24.00)
AGMs:
- Geojit Financial Services, JSW Steel, Embassy Office Parks REIT, CG Power & Industrial Solutions
Conclusion
Today's session may see cautious trading given the mixed global cues and significant corporate action calendar. While US futures suggest some recovery, Asian market weakness and continued FII selling could weigh on sentiment. Domestic institutional support and key earnings announcements will be crucial factors to watch as the session unfolds.
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