?? Key Insights Before the Markets Open: Essential Updates

?? GIFT Nifty: 24,402 (-0.28%)

?? Key Pointers to Know Before the Opening Bell: ?? Indian Equity Indices: Ended lower for a third straight session on July 23, influenced by a mix of announcements by Finance Minister Nirmala Sitharaman in her Union Budget speech.

?? July 23rd 2024 FII/DII (Cash Market):

• FII: - ?2,975 crore ??
• DII: + ?1,418 crore ??

?? What Made Headlines Today? ??

• Infosys: Signed a contract with UVC Partners to co-create next-gen solutions using AI and deep tech ??.
• Bajaj Finance: Reported a 14% YoY rise in Q1 FY25 net profit to ?3,912 crore, missing expectations. Net interest income for April-June grew 25% to ?8,365 crore ??.
• Suven Pharmaceuticals: Received 'no adverse observations' from BSE and 'no observations' from NSE for a scheme of amalgamation seeking the amalgamation of Cohance Lifesciences with the company ??.

?? Derivative Insights:

• NIFTY MAX CALL (CE) OI: 24,500
• NIFTY MAX PUT (PE) OI: 24,000
• NIFTY OI PCR (All): 0.76
• BANKNIFTY MAX CALL (CE) OI: 52,500
• BANKNIFTY MAX PUT (PE) OI: 51,000
• BANKNIFTY OI PCR (All): 0.48

??? Oil Prices: Rebounded due to falling U.S. crude inventories, but expectations of a Middle East ceasefire capped further gains.

?? Asian Markets: Trading lower as traders assessed July business activity data from Australia, tech earnings from the U.S., and awaited Japan PMI readings.

???? US Stocks: Main indexes ended slightly lower on Tuesday, having given up meager intraday gains in the final minutes of trading, as investors switched their focus to the latest earnings from Alphabet and Tesla.

?? Global Market Update:

• WTI OIL: 77.28 (-0.21%)
• DOW FUTURES: 40,284 (-0.18%)
• NIKKEI: 39,508 (-0.22%)
• Dollar Index: 104.52 (+0.02%)