Pre-Market Report: Bullish Global Cues and Lower US Inflation Point to Positive Opening — July 15, 2026

Global Market Cues

• US Markets: Wall Street closed the Tuesday session on a high note, driven by June CPI data that came in lower than market expectations. The Nasdaq Composite surged 0.90% to 26,107.01, while the S&P 500 rose 0.38% to a record 7,543.59. The Dow Jones Industrial Average remained flat but positive, gaining 0.02%.
• Fed Rate Outlook: Following the inflation print, the probability of a Fed rate hike in the July meeting has plummeted below 20%, shifting investor focus toward potential easing later in the year.
• Asian Markets: Bourses in Asia are trading in the green this morning. Japan’s Nikkei 225 is up 0.74%, trading near 67,743, while Hong Kong’s Hang Seng index has gained 0.52%.
• Commodities & Currencies: Gold prices are hovering near record highs at $4,062 per ounce. Brent crude oil is trading steadily around $81.57 per barrel as geopolitical tensions in the Middle East show signs of temporary cooling.

GIFT Nifty and Domestic Cues

• GIFT Nifty Status: As of 8:00 AM IST, the GIFT Nifty is trading at 24,031, suggesting a modest gap-up opening of approximately 9 to 15 points for the Nifty 50 index.
• Domestic Sentiment: The Indian markets are expected to benefit from the cooling of US bond yields, which typically triggers renewed interest from Foreign Institutional Investors (FIIs) in large-cap Indian banking and IT stocks.
• Institutional Activity: Market participants will be closely watching FII activity today, as the shift in global rate expectations could reverse recent selling trends in the cash segment.

Key Stocks in Focus

• Banking Giants: JPMorgan Chase and Goldman Sachs reported stellar Q2 results overnight, with net profits rising 41% and 78% respectively. This is expected to trigger positive sentiment in domestic heavyweights like HDFC Bank and ICICI Bank.
• IT Sector: While IBM shares fell 25% overnight due to a revenue miss in its infrastructure business, the broader tech rally led by chipmakers like SK Hynix (which hit record highs on Nvidia HBM4 supply news) may provide a mixed bag for Indian IT firms.
• Auto & EV: Stocks in the EV ecosystem may see volatility following rumors surrounding global players like Lucid Group, though the company has dismissed bankruptcy concerns.
• Energy Stocks: Reliance Industries and other OMCs will be in focus as Brent crude prices remain stable below the $82 mark.

Key Events to Watch Today

• Corporate Earnings: Several mid-cap and small-cap companies are scheduled to report their quarterly results today, which will drive stock-specific action.
• Geopolitical Updates: Traders will continue to monitor developments in the Strait of Hormuz following recent policy shifts in Washington that have eased maritime trade concerns.
• Yield Curve: The movement in the US 10-year Treasury yield will be a critical indicator for intra-day volatility in emerging market currencies, including the INR.

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