Market Outlook – Tuesday, 28 July 2026

COALINDIA

INDIGO

HCLTECH

Market Outlook – Tuesday, 28 July 2026 Indian equities are likely to start flat to slightly weak after Monday’s strong relief rally. GIFT Nifty is hovering around 24,000, indicating a cautious opening as traders await more Q1 earnings and the U.S. Federal Reserve outcome this week. Lower crude oil prices are supportive for India, but FII selling and global uncertainty may keep volatility elevated. ***** +2 Nifty View Support: 23,850 / 23,720 Resistance: 24,050 / 24,180 Bias remains sideways to mildly bullish above 23,850. ***** +1 Stocks in Focus Bharat Electronics (BEL): Reported a healthy Q1 performance; defense stocks may continue to attract buying interest. ***** Tata Power: Strong quarterly numbers have improved sentiment for power and capex-related counters. ***** Coal India: Q1 earnings missed expectations due to weak volumes and higher costs; stock could remain under pressure. ***** IndiGo (InterGlobe Aviation): In focus after appointing Kiran Thadimarri as CFO. ***** HCL Technologies: Continued buying interest after recent outperformance among IT peers; watch for follow-through momentum. ***** Axis Bank: Remains relatively weak versus other large private banks and may underperform near term. ***** Sector Strategy Positive: Defense, power, capital goods, select large-cap IT. Neutral: Private banks. Cautious: Coal and commodity-linked PSU counters. ***** +1 Trading Setup Bullish: Sustaining above 24,050 can trigger a move toward 24,180–24,250. Bearish: A break below 23,850 may lead to 23,720–23,650. Short Summary (for Telegram/WhatsApp) 28 July 2026 – Market Outlook