While US markets closed largely stable, a sharp fall in IBM shares is likely to keep the IT sector under pressure. At the same time, a rebound in global metal prices could bring renewed interest in metal stocks.
##Global Cues Remain Mixed
Key Overnight Developments
• US markets closed on a stable note
• Crude oil is hovering near $79 per barrel
• IBM shares witnessed a sharp decline, creating a negative read-through for global IT sentiment
• Global metal prices showed signs of recovery
—->IT Sector May Remain Under Pressure
A sharp decline in IBM shares overnight could impact sentiment across technology stocks globally.
Stocks in Focus
• !TCS
• !INFY
• !WIPRO
• !HCLTECH
• !TECHM
—> Metals Could Provide Support
The positive development for today’s session is the recovery seen in global metals.
Stocks to Watch
• !TATASTEEL
• !JSWSTEEL
• !HINDALCO
• !VEDL
##FII Activity Signals Caution
Institutional Activity (14 July 2026)
• FII Cash Market: -₹739.69 crore
• DII Cash Market: +₹2,927.71 crore
FII Derivatives Positioning
• Index Futures: -₹1,736.24 crore
• Index Options: -₹47,567.91 crore
• Stock Futures: -₹5,263.69 crore
• Stock Options: -₹181.68 crore
##Key Levels for Today
Nifty
Strong Support: 24,000
Strong Resistance: 24,300
How to Read the Market
• Above 24,000: Bulls retain control of the broader trend
• Near 24,300: Expect profit booking and resistance
• Break below 24,000: Short-term sentiment could weaken