Pre-Market 13 July 2026: What To Expect As Nifty Holds Above 24,200, GIFT Nifty Signals Cautious Start

Dalal Street enters Monday after ending the week on a strong note. Supportive global cues and Q1 earnings helped lift sentiment, pushing the benchmark indices higher for a second straight session.

The Sensex climbed 828 points to 77,569, while the Nifty 50 gained more than 244 points to close at 24,206 on Friday. The rally added nearly ₹6 lakh crore to the market capitalisation of BSE-listed companies, taking the total close to ₹482 lakh crore.

What Supported The Market On Friday?

TCS's June-quarter results matched market expectations, helping improve sentiment towards IT stocks.

Buying was broad-based. Out of 3,410 stocks traded on the NSE, 2,339 advanced, 973 declined and 98 remained unchanged, indicating strength across the broader market.

India VIX dropped to 12.25 after falling another 8% during Friday's session. The sharp spike seen earlier in the week has eased.

How Did Global Markets Perform After Indian Market Hours?

US markets ended the week with modest gains. Investors tracked quarterly earnings and buying in technology stocks.

US markets closed on Friday as follows:

• Dow Jones Industrial Average: 52,637.01, up 0.29%

• S&P 500: 7,575.39, up 0.42%

• Nasdaq Composite: 26,281.61, up 0.29%

Asian markets also ended higher.

• Nikkei 225 rose 813.88 points to 68,557.73

• Hang Seng gained 144.94 points to 24,175.12

• Singapore's Straits Times advanced 35.41 points to 5,469.29

European markets closed mixed on Friday.

• FTSE 100 gained 0.24% to 10,497.29

• CAC 40 edged up 0.15% to 8,338.97

• Germany's DAX slipped 0.20% to 25,067.10

GIFT Nifty Update

As of 02:45 IST on 11 July, GIFT Nifty was trading at 24,200.50, down 34 points, or 0.14%. The futures contract was trading close to Friday's Nifty close of 24,206, indicating a largely flat start for Monday's session.

Key Nifty Levels To Watch For

Support Levels

• 24,000–23,930

• 23,850–23,800

The 24,000-23,930 band is expected to provide the first layer of support. If the index slips below this zone, traders will watch the 23,850-23,800 range.

Resistance Levels

• 24,280–24,320

• 24,480–24,540

The first resistance is placed between 24,280 and 24,320. If the Nifty moves above this range, the next hurdle comes in the 24,480-24,540 zone.

What Could Drive Markets Today?

The June-quarter earnings season is expected to remain the biggest domestic trigger. Global markets will continue to watch corporate earnings, particularly technology companies, after Wall Street extended its rally on Friday.

On the domestic front, traders will also monitor whether the recent decline in India VIX encourages fresh buying. Technically, the focus remains on whether the Nifty can sustain above the 24,000 mark after reclaiming it at the end of last week.

Also Read - Market Wrap, 10 July 2026: Benchmarks Close In The Green