Pre Market Analysis | 23 July, 2026

Global cues are mixed. US markets closed higher, led by the Nasdaq (+1%), while Asian markets are mostly positive. The biggest concern for India is Brent crude, which has climbed above $92.5 after fresh Middle East tensions. Since India imports most of its crude oil, higher prices can keep pressure on the rupee, which is still trading near 96.24. Despite positive global markets, Gift Nifty indicates an 80-point gap-down opening. Today's focus will remain on crude oil, the rupee and whether Nifty can hold the 24,187 level if selling continues after the opening.