Pre-Market 14 July 2026: Nifty Holds Above 24,200 Despite Oil Price Spike; What To Watch Today

Dalal Street begins Tuesday's session after benchmark indices extended their winning streak despite a volatile Monday. Early losses gave way to a recovery, helped by buying in IT stocks, although higher crude oil prices and fresh tensions in West Asia kept investors cautious.

The Sensex ended 47.01 points higher at 77,616.40, while the Nifty 50 added 4.10 points to close at 24,211, marking its third straight day of gains.

What Moved The Market On Monday?

The market opened on a weak note after global cues turned cautious. During the session, the Sensex dropped as much as 711.96 points before recovering. It later erased most of the losses and ended marginally higher.

Tata Consultancy Services climbed 5.43%, HCLTech gained 5.02%, and Tech Mahindra advanced 3.34%, while Infosys rose 3.17%. NTPC and Kotak Mahindra Bank also finished higher.

Brent crude rose 2.57% to around $77.96 per barrel, reflecting renewed concerns over developments in West Asia.

How Did Global Markets Perform After Indian Market Hours?

US markets closed in the red after another round of geopolitical tensions unsettled investors. Higher oil prices and weakness in chip stocks weighed on sentiment.

On 13 July:

• Dow Jones Industrial Average fell 138.37 points to 52,498.64

• S&P 500 fell 60.05 points to 7,515.34

• Nasdaq Composite declined 408.43 points to 25,873.18

Asian markets ended mixed.

• Nikkei 225 fell 1,315 points to 67,242.73

• Hang Seng gained 38.60 points to 24,213.72

• Singapore's Straits Times edged up 1.05 points to 5,470.34

European markets also traded higher.

• FTSE 100 stood at 10,498.29, up 1.00 point

• CAC 40 traded at 8,364.65, up 25.68 points

GIFT Nifty

As of 19:49 IST on 13 July, GIFT Nifty was trading at 24,160.00, down 58 points, or 0.24%. The futures contract was below Monday's Nifty close of 24,211, pointing to a subdued start for Tuesday's session.

Nifty Outlook Today: Key Support And Resistance Levels

Support Levels

• 24,000

• 23,800

The 24,000 mark remains the immediate support. If the index slips below this level, the next area to watch is around 23,800.

Resistance Levels: 24,400–24,500

Analysts expect the 24,400-24,500 zone to act as the next hurdle. A sustained move above this range would strengthen the current recovery.

What Could Drive Markets Today?

Developments in West Asia are likely to remain a key factor to monitor after crude oil prices moved higher on Monday.

With TCS kicking off the earnings season, the spotlight now shifts to the next set of quarterly results. Market participants will also gauge whether Monday's buying in IT stocks has further room to run.

Technically, 24,000 remains the level to watch. As long as the Nifty stays above it, the index could test 24,400-24,500 in the coming sessions. A slip below may expose the 23,800 support.

Also Read - Market Wrap, 13 July 2026