PRE MARKET REPORT-----> Crude Oil Cools, FII Derivative Positioning Turns Positive — Can Nifty Build on Momentum towards 24000 Today?

Indian markets may begin the week on a relatively positive note as crude oil has corrected sharply, global IT sentiment has improved, and FII positioning in derivatives suggests selective optimism despite continued selling in the cash market. ##Global Cues Crude Oil Falls Nearly 5% US futures trading higher ##IT Sector Gets Global Support US-listed Accenture gained strongly after reporting better-than-expected quarterly results and maintaining confidence in AI-driven demand. The positive reaction could improve sentiment for Indian IT companies today, including: • $INFY • $TCS • $HCLTECH • $WIPRO • $TECHM ##Banking Sector in Focus IDFC FIRST Bank delivered strong Q1 results with: • Net Profit up 132% YoY • NII up 21% YoY • Gross NPA improved to 1.51% • Net NPA improved to 0.44% The strong earnings may keep the banking sector in focus and support sentiment across private banks. $HDFCBANK $KOTAKBANK $ICICIBANK $AXISBANK ------->FII / DII Activity (24 July 2026) Cash Market • FII: -₹3,892.77 crore • DII: +₹5,453.55 crore FII Derivatives • Index Futures: -₹1,201.59 crore • Index Options: +₹7,104.61 crore • Stock Futures: +₹2,115.55 crore • Stock Options: -₹1,433.01 crore Although FIIs continued to sell in the cash market, strong buying in Index Options and Stock Futures ##Bottom Line Today's session starts with improving global cues. A sharp fall in crude oil, encouraging signals from the IT sector and improving FII derivative positioning could help sentiment recover.