July 28, 2026 | Market Opening Bell
Indian equity benchmarks are likely to open on a positive note on Tuesday, July 28, supported by firm global cues and a higher GIFT Nifty. Investors will closely track Q1 earnings, defence sector developments, and commodity prices for further direction.
Global markets presented a mixed picture overnight. Dow Jones Futures rose 0.51%, while the S&P 500 gained 0.02%. However, the Nasdaq slipped 0.18%, reflecting continued weakness in technology stocks.
Asian markets traded mixed in early trade, with GIFT Nifty hovering around 24,000, indicating a mildly positive opening for Dalal Street.
Gift Nifty Signals Positive Opening
Options positioning suggests 24,000 remains the immediate support zone.
- GIFT Nifty: 24,000.50 (+0.11%)
- Nifty July Futures: 24,028 (Premium: 32 points)
Key Option Levels
Call Writing
- 24,200: Highest Call OI at 1.47 crore contracts
- 24,100: 1.04 crore
- 24,000: 1.25 crore
Put Writing
- 24,000: Highest Put OI at 1.36 crore
- 23,900: 1.24 crore
- 23,800: 1.04 crore
The data indicates an immediate trading range of 23,900–24,200, with 24,000 acting as a key support and 24,200 emerging as strong resistance.
Global Markets
US Markets
- Dow Jones Futures: +0.51%
- S&P 500 Futures: +0.02%
- Nasdaq Futures: -0.18%
Asian Markets
- GIFT Nifty: +0.11%
- Nikkei 225: Mixed
- Hang Seng: Weak
- Shanghai Composite: Flat
Commodity Check
Oil prices eased after recent gains.
- WTI Crude: $81.39 (-0.78%)
- Brent Crude: $87.25 (-0.77%)
- Natural Gas: -0.17%
Lower crude prices may provide some support to oil marketing companies and help ease inflation concerns.
Crypto Market
Major cryptocurrencies remained under pressure.
- Bitcoin: $63,203 (-0.82%)
- Ethereum: $1,877 (-0.67%)
- Solana: -1.23%
- XRP: -0.72%
Risk appetite in digital assets continues to remain subdued.
Stocks in Focus Today
Coforge
- Q1 FY27 results announced.
- Interim dividend of ₹4 per share.
- China expansion approved in principle.
- OP Bhatt re-appointed as Chairperson for another five-year term.
Zen Technologies
The defence technology company reported:
- Revenue: ₹141.64 crore
- Order book: ₹1,239 crore
- Additional ₹177.5 crore simulator order received in July.
- Strong execution expected from Q2 onwards.
- New AI-powered anti-drone and defence products launched.
The robust order pipeline could keep the stock in focus.
Sigma Advanced Systems
Secured an export defence order worth $104.9 million (around ₹1,013 crore) from a North American customer for next-generation artillery shell bodies.
Gallantt Ispat
Reported:
- Revenue up 2% YoY to ₹1,146 crore.
- EBITDA down 20% YoY.
- PAT declined 29% YoY.
- ₹3,000 crore expansion project remains on track.
Ddev Plastiks
Independent Director Ramya Hariharan resigned due to professional commitments.
Golkunda Diamonds
Annual General Meeting scheduled for August 20, with a proposed ₹1.50 final dividend and expansion plans for its jewellery manufacturing business.
Disclaimer
Disclaimer: This article is for informational and news reporting purposes only and should not be construed as investment advice, a recommendation to buy or sell securities, or financial guidance. Investors should conduct their own research and consult a qualified financial advisor before making any investment decisions. Stock market investments are subject to market risks. The News Strike is not responsible for any investment losses arising from decisions based on this report.
Source: Company filings, stock exchange disclosures (BSE/NSE), investor presentations, and publicly available market data.
