Pre-Market 15 July 2026: Sensex Drops 561 Points As Crude Jumps; Key Levels For Nifty

Dalal Street heads into Wednesday's session after benchmark indices ended lower on Tuesday, snapping a three-day winning streak.

The Sensex fell 561.46 points to close at 77,054.94, while the Nifty 50 declined 158.95 points to settle at 24,052.05.

What Dragged Markets On Tuesday?

The market came under pressure after a sharp rise in crude oil prices and higher domestic inflation data.

Brent crude climbed 4.26% to $86.85 a barrel, raising concerns over inflation and input costs. At the same time, India's wholesale price inflation accelerated to 9.87% in June from 9.68% in May as food and non-food prices increased.

The rupee also weakened. It settled at 96.30 against the US dollar, down 62 paise from the previous close.

Among Sensex stocks, HCL Tech was the biggest loser, falling 4.42%. Bajaj Finserv, InterGlobe Aviation, State Bank of India, Mahindra & Mahindra and Larsen & Toubro also ended lower.

On the gaining side, Bharti Airtel, Tata Consultancy Services, Sun Pharmaceutical Industries, Tata Steel, Adani Ports and Eternal closed in the green.

How Did Global Markets Perform After Indian Market Hours?

Wall Street opened higher on Tuesday after softer-than-expected US inflation data strengthened hopes that the Federal Reserve may not need to keep interest rates elevated for longer. Strong quarterly earnings from major US banks also supported sentiment.

On 14 July:

• Dow Jones Industrial Average rose 9.63 points to close at 52,508.27

• S&P 500 gained 28.25 points to 7,543.59

• Nasdaq Composite advanced 233.83 points to 26,107.01

Asian markets ended higher.

• Nikkei 225 gained 500.77 points to 67,743.50

• Hang Seng added 127.01 points to 24,340.73

• Singapore's Straits Times rose 25.27 points to 5,495.61

European markets closed with modest gains.

• FTSE 100 was up 31.10 points at 10,529.39

• France's CAC 40 stood at 8,366.85, up 2.20 points.

GIFT Nifty Level

As of 21:22 IST on 14 July, GIFT Nifty today was trading at 24,029.50, up 15 points, or 0.06%. The futures contract was hovering close to Tuesday's Nifty close, indicating a largely flat start for Wednesday's session.

Nifty Outlook Today: Key Levels To Watch

Support Level: 23,800

Analysts expect the 23,800 zone to provide the next important support if selling pressure continues.

Resistance Levels

24,300

24,500

Any recovery is expected to face resistance around 24,300, followed by the 24,500 level.

What Should Investors Watch Today?

Crude oil prices remain one of the biggest variables after Tuesday's sharp jump. Any further move higher could keep energy-sensitive sectors in focus.

Attention will also remain on inflation after wholesale prices accelerated in June. Globally, markets will continue to react to US inflation data and the first set of quarterly earnings from major companies.

From a technical perspective, the 24,300 level is the first hurdle for Nifty. On the downside, 23,800 remains the key support area after Tuesday's decline.

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