Indian markets are bracing for a cautious start on Tuesday, with GIFT Nifty pointing to a weak open as escalating US-Iran tensions send crude oil prices surging and keep risk appetite in check. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Nifty 50 closed Monday’s session at 24,238.50, down 95.80 points (-0.39%), while the Sensex slipped 442.93 points (-0.57%) to settle at 77,708.52. Private bank earnings led the decline, with HDFC Bank falling around 5% after a disappointing Q1 print. GIFT Nifty was trading near 24,170, down about 90 points in early Tuesday deals, signalling a soft open with support seen around 24,100 and resistance near 24,400. FIIs were net sellers of ₹1,121 crore in Monday’s cash segment, while DIIs stepped in with net buying of ₹1,312 crore, continuing a pattern of domestic investors cushioning foreign outflows through much of 2026.
₿ Crypto Market Update
Bitcoin opened Monday near $64,680 (roughly ₹62.4 lakh), down about 0.2% amid conflicting second-half-2026 outlooks from analysts. Ethereum traded near $1,871 (approximately ₹1.80 lakh), up close to 0.5% in dollar terms even as broader crypto sentiment stayed cautious. Traders are watching whether easing geopolitical risk and upcoming US Fed commentary can revive appetite for digital assets this week.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 24,238.50 (last close) / ~24,170 (GIFT Nifty) | -0.39% |
| Sensex | 77,708.52 | -0.57% |
| Bitcoin (BTC) | ₹62.4L / $64,680 | -0.2% (24hr) |
| Ethereum (ETH) | ₹1.80L / $1,871 | +0.5% (24hr) |
| Gold (10g, 24K) | ₹1,43,460 | Range-bound |
| Silver (1kg) | ₹2,35,000 | Range-bound |
| USD/INR | ₹96.41 | Steady |
| Crude Oil (Brent) | $88.10 | +4.5% |
📰 Top 5 Financial News Stories This Morning
- Sensex, Nifty end lower as HDFC Bank slides 5% on Q1 miss. Private bank earnings disappointed investors on Monday, with HDFC Bank’s results dragging both benchmarks lower even as broader market volatility eased through the session.
- Brent crude spikes past $88 as US-Iran conflict escalates. Prices jumped over 4.5% after US strikes on Iranian bridges, railways and an airport raised fears of disruption to Middle East oil supplies. India imports the bulk of its crude, so sustained higher prices could pressure the rupee and the import bill.
- Kotak Mahindra Bank Q1 results draw mixed brokerage views. Citi and Bernstein stayed split on the stock, flagging lagging loan growth even as asset quality held steady — a split that mirrors broader caution around private bank earnings this season.
- Caliber Mining & Logistics IPO fully subscribed on strong retail demand. The Rs 450-crore issue closes for subscription today, July 21, with listing details expected in the coming days.
- Groww parent’s Q1 profit surges 94% YoY as FIIs raise stake. Billionbrains Garage Ventures, the parent of investing platform Groww, saw both FIIs and mutual funds increase their holdings in Q1FY27 as net profit nearly doubled year-on-year.
🔍 What to Watch Today
Q1 earnings season continues through the week, with more large-cap results due — track management commentary on margins and growth guidance. Keep an eye on GIFT Nifty and Asian markets for early cues, particularly any fresh developments on the US-Iran situation that could move crude further. The Caliber Mining & Logistics IPO subscription window closes today, with allotment and listing timelines to follow. Given crude’s sharp move, USD/INR and oil-sensitive sectors like aviation, paints and tyres are worth watching closely.
Data sourced from live market feeds. Last updated: 8:00 AM IST, 21 July 2026. This is for informational purposes only and not investment advice.
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