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Informist, Tuesday, Jul. 21, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices to open slightly lower Tue, traders to buy on dips

 

MUMBAI--0821 IST--Domestic equity indices are expected to open slightly lower despite positive cues from Asian markets, which rose in early trade as an artificial intelligence-led sell-off lost steam. Analysts also expect traders to buy Indian stocks on every dip, similar to what was seen on Monday. Technical analysts expect the sentiment to remain bullish as far as the Nifty 50 holds 24000 points. The GIFT NIFTY index is currently about 100 points below the 50-stock index's Monday close and, therefore, analysts expect the market to see a gap-down open. 

 

At 0746 IST, the July contract of GIFT NIFTY was at 24143, up 28.50 points or 0.1%. Nifty 50 is expected to see a gap-down on Tuesday and later the "gap" would fully covered intraday, Ashish Sherigar, senior technical analyst at NVS Brokerage said. He expects the 50-stock index to seek support at 24000 points and 24050 points. Sherigar expects the index to face resistance between 24250 points and 24350 points.

 

Technical analysts see 24000-24100-points range as a crucial support area for the Nifty 50. As far as the 50-stock index hold this range, it is unlikely to see a sharp fall. On Monday, the Nifty 50 settled at 24238.50 points, down 95.80 points or 0.4%. The index fell to a low of 24135.85 points, breaking the crucial support level of 24200. However, traders bought into the dip, helping the index to rebound. The BSE Sensex ended at 77708.52 points, down 442.93 points or 0.6%.   

 

Traders would continue to focus on June-quarter earnings in the coming trading sessions, looking for sectors which could be less vulnerable to West Asia war-induced shocks, analysts said. The Apr-Jun results have not been as underwhelming as expected initially and hence stock-specific jumps in prices are expected intraday, they said.   

 

Traders will also keep an eye on the evolving situation in West Asia, where there were disruptions to Saudi Arabian exports after Yemen's Houthis threatened to block an export route through the Red Sea. However, the near-month futures contract of Brent Crude Oil, traded on the InterContinental Exchange, eased slightly from Monday and at 0746 IST, it traded at $88.7 a barrel. Some analysts expect the market to fall sharply if crude climbs back above $100 a barrel. (Gopika Balasubramanium)

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Equity Alert: Asian markets open mixed, Nikkei up more than 2%

 

MUMBAI--0727 IST--Asian indices opened mixed Tuesday following the developments in West Asia. While key indices in Japan, Singapore, and China were up, those in Australia and Hong Kong were down as investors grappled with the continued war in West Asia. US President Donald Trump vowed Iran would face consequences for the deaths of three American service members, according to Truth Social.

 

Japan's Nikkei rose more than 2% as the market reopened after the holiday. The Nikkei recovered from its 6.4?ll last week. The major gainers on the index, Kioxia Holding and cosmetics giant Shiseido, rose almost 6%. IHI Corp., formerly known as Ishikawajima-Harima Heavy Industries Co. gained 4%. The video game maker Nintendo Co. was down almost 4%. Technology industry supplier Sumco Co. and Nikon Corp. were down 3.4% and 2.2%, respectively.  

 

South Korea's KOSPI was up 3.3% as index heavyweights SK Hynix and Samsung Electronics rose after their recent fall. South Korea's export data Tuesday showed the country's exports for the ‌first 20 days of July jumped 52.3%. Semiconductor exports were up 181%, while car exports declined almost 11%, according to ‌government data. Shipments to China jumped 94% in July from a year ago and exports to the US increased almost 40%.

 

Australia's S&P/ASX 200 and Hong Kong's Hang Seng were slightly down. China's CSI 300 was slightly up.

 

Following were the levels of key indices in the region at 0727 IST:
 

Index	Level	Change in %
Nikkei 225 Day	65626.13	2.3
TOPIX FIRST SECTION	3978.87	1.5
S&P/ASX 200 Index	8770.7	(-)0.2
KOSPI Index	6733.28	3.3
Hang Seng Index	25077.86	(-)0.3
CSI 300 Index	4612.59	0.3
FTSE Singapore Strait Times	5515.25	0.3

 

(Deesha Jadhav)

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Equity Alert: US indices close lower ahead of major tech stock earnings

 

MUMBAI--0659 IST--Major US indices closed lower Monday as investors tracked the developments in the West Asia war and also await earnings from major technology companies such as Alphabet Inc., Testa Inc., and Intel Corp., which are due later this week. US President Donald Trump has vowed Iran would face consequences for the deaths of three American service members, according to Truth Social. This pushed up crude oil prices a bit more.

 

The Trump administration also announced it will charge a 50% tariff on Canadian imports after accusing Canada of unfair trade practices against multiple US products and industries. 

 

The Dow Jones Industrial Average closed marginally lower. The Nasdaq Composite and the S&P 500 both closed slightly lower. Apple Inc. dragged the S&P 500 while Microsoft Corp. boosted the index. Global Payments Inc. rose 5.8?ter Morgan Stanley improved its rating and raised its target price to $100 from $65. Shares of online car retailer Carvana Co. fell 4.8%. Alphabet Inc. shares rose 1.5% after the company reported that its Google unit is developing a Gemini-integrated server chip aimed at improving Artificial Intelligence efficiency and easing computing-capacity constraints.

 

Yemen's Iran-aligned Houthis Monday said they will impose a naval blockade on Saudi Arabia. This will threaten global energy supplies and open a new front in the US-Iran war. Mediators have given Iran a proposal to de-escalate the war with the US, which would provide a 10-day ceasefire, Reuters quoted an Iranian official as saying.  

 

Following were the closing levels of major US indices Monday:

 

Index	Level	Change in %
Dow Jones Industrial Average	51839.26	(-)0.6
NASDAQ Composite	25508.07	(-)0.05
S&P 500	7443.28	(-)0.2

 

(Deesha Jadhav)

 

US$1 = INR 96.45

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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