Indian markets are likely to begin the day on a cautious note as Gift Nifty indicates another gap-down opening, marking yet another session of weak global cues.<\/p>\n
With crude oil remaining elevated, FIIs continuing to sell, and Nifty approaching a crucial support zone, today’s session could be important for the market’s near-term direction.<\/p>\n
##Global Cues Remain Weak<\/p>\n
Key Overnight Developments<\/p>\n
\u2022 Gift Nifty indicates a mild gap-down opening<\/p>\n
\u2022 Crude oil surged nearly 8% in the previous session and continues to trade above $80<\/p>\n
—–>Nifty Near Its Last Major Support<\/p>\n
The market is now approaching a crucial technical zone.<\/p>\n
Key Levels<\/p>\n
Immediate Resistance: 24,000<\/p>\n
Major Support: 23,600\u201323,700<\/p>\n
This support zone is likely to be closely watched by traders.<\/p>\n
If Nifty manages to defend this area, a technical rebound is possible. However, a decisive break below 23,600 could weaken market sentiment further.<\/p>\n
## !INFY Q1: Strong Business, Cautious Outlook<\/p>\n
Infosys reported a healthy operational quarter with:<\/p>\n
\u2022 Revenue up 14% YoY to \u20b948,211 crore<\/p>\n
\u2022 Net Profit up 12.2% YoY to \u20b97,769 crore<\/p>\n
\u2022 AI revenue increased to 8.2% of total revenue<\/p>\n
\u2022 Large deal wins remained strong at $3.6 billion<\/p>\n
——>FII \/ DII Activity (23 July 2026)
\nCash Market<\/p>\n
\u2022 FII: -\u20b92,999.23 crore<\/p>\n
\u2022 DII: +\u20b92,947.14 crore<\/p>\n
FII Derivatives<\/p>\n
\u2022 Index Futures: -\u20b91,840.02 crore<\/p>\n
\u2022 Index Options: -\u20b910,223.94 crore<\/p>\n
\u2022 Stock Futures: +\u20b92,181.49 crore<\/p>\n
\u2022 Stock Options: +\u20b91,346.21 crore<\/p>\n
FIIs continued to reduce exposure in the broader market through cash and index derivatives<\/p>\n
##Sectors in Focus
\nIT<\/p>\n
\u2022 !INFY<\/p>\n
\u2022 !TCS<\/p>\n
\u2022 !HCLTECH<\/p>\n
\u2022 !WIPRO<\/p>\n
Energy
\n!JSWENERGY<\/p>\n
!NTPC
\n!TATAPOWER<\/p>\n
Higher crude prices could keep ONGC, Oil India and other upstream energy companies in focus<\/p>\n
##Bottom Line<\/p>\n
Today’s session could be an important test for the bulls.<\/p>\n
With 23,600\u201323,700 acting as the final major support, traders will closely watch whether domestic buying can absorb global weakness..<\/p>\n","protected":false},"template":"","article-category":[35],"article-tags":[],"class_list":["post-165273","article","type-article","status-publish","hentry","article-category-learn"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/165273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article"}],"about":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/types\/article"}],"wp:attachment":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media?parent=165273"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=165273"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=165273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}