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Full issue · 2026-07-23

Market Pulse: 23 July 2026 - Pre-Market Update

Market Pulse - Thursday, 23 July, 2026
Nifty 23,939.85 (-0.24%) • FII Sold ₹1,157 Cr
Market Pulse Thursday, 23 July, 2026
Market Snapshot
📊
Nifty 50
23,939.85
-0.24%
📈
Sensex
76,515.1
-1.23%
🏦
Bank Nifty
56,846.7
-0.49%

In the previous session, Indian indices closed lower with the Sensex dropping 1.23% and Nifty 50 down 0.24%. The decline was influenced by heavy selling in banking stocks, notably IndusInd Bank losing 4%, amid rising global oil prices and geopolitical tensions. Market breadth was nearly balanced with 850 advances to 855 declines, highlighting investor caution. FII and DII net selling further weighed on the sentiment, with FIIs offloading ₹1,157 Cr.

The Big Story
📰 FEATURED

Big jump in benchmark diesel price is 2nd largest since war began

EnergyAuto

Expect pressure on auto and logistics stocks due to rising diesel costs.

WHY IT MATTERS
Rising diesel prices will increase costs for transportation and logistics sectors.
Quick Takes
commodities • negative
Indian shares likely to fall as oil surge dents sentiment
Short-term pressure on oil-dependent stocks expected; monitor USD/INR levels.
Read full report →
india macro • positive
India’s apex bank drafts new rules to ease foreign investment
Potential influx of foreign capital could uplift related sectors.
Read full report →
india macro • positive
India's Odisha state approves corporate investments worth $475 million
Investors should consider opportunities in Odisha's growing infrastructure and realty sectors.
Read full report →
global macro • negative
US-Iran war live news: Trump threatens Iran infrastructure as Tehran says it stopped three oil tankers
Geopolitical tensions may pressure energy stocks; monitor crude oil prices closely.
Read full report →
global macro • positive
BlackRock and Goldman just made the same massive call on US economy — with 1 powerful force fueling America
Expect potential uplift in Indian markets from positive global economic sentiment.
Read full report →
commodities • negative
Indian shares muted as firmer oil, HDFC Bank weigh
Monitor oil price trends and banking sector developments for potential market volatility.
Read full report →
FII / DII Activity
FII/FPI
Sold
₹1,157 Cr
DII
Sold
₹372 Cr

FIIs sold ₹1,157 Cr, DIIs sold ₹372 Cr today.

Market Breadth

Advances: 850 · Declines: 855 · A/D Ratio: 0.99

Selective selling - index down but many stocks up

Sector Performance
Metal
+0.4%
Auto
+0.3%
Media
+0.1%
FMCG
+0.0%
Energy
-0.2%
Infra
-0.2%
Fin Services
-0.2%
PSU Bank
-0.3%
Bank
-0.5%
Realty
-0.5%
IT
-0.6%
Pharma
-0.8%

Metal, Auto led gains while IT, Pharma underperformed. Cyclicals leading indicates risk-on appetite.

Top Gainers / Losers
Top Gainers
PGEL +2.00%
OFSS +1.83%
UNITDSPR +1.69%
NUVAMA +1.53%
SHREECEM +1.50%
Top Losers
INDUSINDBK -3.96%
DRREDDY -3.20%
ADANIGREEN -3.09%
NAM-INDIA -2.60%
HINDPETRO -2.33%
Technical Levels
Nifty 50
Support 23,903 / 23,867
Resistance 24,171 / 24,403
Bank Nifty
Support 56,729
Resistance 57,784

Nifty is in sideways trend. Trading below 200 DMA suggests caution.

Global Cues

 |  S&P Futures: -0.26%

Global cues mixed; expect range-bound opening

Commodities & Forex
Gold
₹1,45,153
-0.36%
Silver
₹2,25,904
-0.48%
USD/INR
Rs 96.48/USD
-0.08%
Macro / Economic Events
📌 5 earnings results expected
📌 US Fed Interest Rate Decision
Looking Ahead
👀 US Fed Interest Rate Decision
Corporate Actions
Nestle
posts strong Q1 beat, rich valuation to cap stock upside
Infosys
share price falls 1% ahead of Q1 results 2026. Should you buy or sell the IT stock?
ITC
Integra Switchgear reports consolidated net loss of Rs 0.08 crore in the June 2026 quarter
Earnings Calendar
Motilal Oswal Financial Servic
23 Jul
Vishal Mega Mart
23 Jul
Sona BLW Precision Forgings
23 Jul

DISCLAIMER

This newsletter is for informational and educational purposes only. It is not investment advice. Markets are subject to risks, and past performance is not indicative of future results. Consult a registered financial advisor before making investment decisions. We are not registered investment advisors with SEBI or any other regulatory body.

AI DISCLOSURE: Some analysis is generated using AI technology and curated by our editorial team.

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