NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on July 28

The Indian equity benchmarks are set to open lower on Tuesday, July 28, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Gandhinagar fell 60 points to 23,968 amid weak cues from Asian markets.

The benchmarks snapped their five-day losing streak on Monday led by buying in information technology (IT) and banking stocks. Furthermore, a fall in Brent crude oil prices and a temporary pause in US military strikes in Iran also improved investor sentiment.

The SENSEX surged by 766.01 points or 1.02% to close at 76,835.78, while the NIFTY50 ended higher by 228.50 points or 0.96% at 23,995.95.

Asian markets

Asian markets were trading sharply lower as a selloff in chipmakers deepened after investors grew cautious about intensifying competition from China and sharp decline in SK Hynix's US listed shares.

Japan's Nikkei dropped 4.5%, South Korea's KOSPI dropped 9.4%, China's Shanghai Composite declined 1.2% and Hong Kong's Hang Seng advanced 0.12%.

Wall Street update

United States (US) stocks ended mixed on Monday as oil prices fell after the US and Iran paused their attacks while work resumed on restarting negotiations to end the war.

S&P 500 index ended 0.02% higher at 7,413, tech heavy Nasdaq fell 0.18% and Dow Jones Industrial Average gained 0.51%.

Crude oil update

Brent crude futures fell as much as 1.5% to an intraday low of $84.58 after reports suggested that mediators achieved progress in getting the US and Iran back to negotiations, regional officials said on Monday, after both sides paused attacks following a period of rapidly escalating tensions.

FII/DII activity

Foreign institutional investors (FIIs) sold shares worth ₹1,688 crore on Monday while domestic institutional investors bought stocks worth ₹2,329 crore, as per NSE data.

FIIs have so far this year sold shares worth ₹2,62,754 crore, data from National Securities Depository Limited (NSDL) showed.

Stocks to watch

The company had posted a net profit of ₹57.13 crore in the corresponding quarter of FY26, according to a regulatory filing.

Revenue from operations grew 14.3% to ₹628.51 crore during the quarter under review, as compared to ₹549.9 crore in the year-ago period.

Gaurav Negi, who is currently the Chief Financial Officer (CFO), has been re-designated as Advisor to the Managing Director, according to a regulatory filing.

Currently, the Deputy Chief Financial Officer, Thadimarri, will take over as the Chief Financial Officer from July 28.

A chartered accountant, Thadimarri has diverse experience of over 24 years and has worked at various companies, including InterGlobe Enterprises, Udaan and General Electric Company.

Earlier, there were discussions about whether the plant would be set up in Odisha or Andhra Pradesh.

Now, it is finalised that the plant will be set up in Odisha.

In a post-earnings call, Tata Power CEO Praveer Sinha said the solar wafer/ingot plant will be set up in Odisha on acquired Tata Steel SEZ land.

The two financiers aim to make formal credit more accessible for aspiring homeowners, self-employed professionals and small business owners, particularly in Tier 2 and Tier 3 towns, as well as semi-urban and rural markets, according to a statement.

The company had posted a net profit of ₹356.28 crore during the April-June period a year ago, according to a regulatory filing from Godfrey Phillips India, the flagship company of Modi Enterprises.

"Due to the steep tax increase implemented in Q4 of FY26, the profitability has declined by 44% compared to the corresponding period last year," said its Chief Executive Officer Sharad Aggarwal in the earnings statement of the company.

Its revenue from operations increased two-fold to ₹3,819.56 crore during the June quarter of FY'27. It was at ₹1,813.26 crore in the corresponding period of the previous fiscal.

Its net profit stood at ₹316 crore in the year-ago period.

The company's total income rose to ₹4,311 crore in the first quarter of this fiscal from ₹3,815 crore in the corresponding period of the preceding year, according to a regulatory filing.

The company had posted a consolidated net profit of ₹8,797.05 crore in the year-ago period, Coal India said in a filing to the BSE.

The consolidated revenue from operations during the first quarter rose 8% to ₹46,254.80 crore over ₹42,919.20 crore in the corresponding quarter of the previous fiscal year.

The company had posted a consolidated net profit of ₹83.75 crore in the corresponding quarter last fiscal, JK Paper said in a regulatory filing.

Its consolidated revenue from operations in the first quarter was ₹1,998.67 crore against ₹1,771.78 crore in the year-ago period, it added.

Expiry day trade setup

The NIFTY50 staged a powerful recovery on Monday, surging more than 200 points. On the hourly timeframe, the index reclaimed its 20 and 50 EMAs, signalling a shift in short-term sentiment from bearish to bullish. Nevertheless, with the monthly expiry approaching, heightened volatility could trigger swings in either direction during Tuesday's session. While the 23,800 zone continues to provide strong support, the 24,050–24,100 territory remains a resistance hurdle for bulls.

On the daily charts, the NIFTY50 successfully closed above its 50-day EMA of 23,979, signalling that buyers are slowly regaining strength. However, for a definitive trend confirmation, the index must secure a monthly close above the psychological 24,000 mark, a key level it has struggled to reclaim for four straight months ending in June.