Indian Market Updates - 2026-07-16

Latest Status

GIFT Nifty flat; earnings, geopolitical risks dominate pre-market

- Bias: Neutral - Key signal: Nifty formed a long-legged doji candle on the daily chart, reflecting indecision.

• GIFT Nifty at 24,079 (–0.1%); India VIX slips to 13.27.
• Over 35% of Nifty 50 weightage reporting results this week; LTTS +7%, Tata Elxsi –5%.
• Brent above $85 as US-Iran tensions intensify; windfall tax on diesel, ATF hiked.
• FIIs net sellers for third straight session; rupee at one-month low of 96.32.
• Asian markets tumble (Nikkei –3%, Kospi –6%) on tech selloff; US futures positive.
• Nifty range-bound 23,800–24,300; Nifty Bank stuck in 57,500–58,500.

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