Geopolitical tensions drag Nifty back to 24,050

Crude surges back over 80$ levels once again

Jul 14, 2026

Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.

In our latest episode of In The Money by Zerodha, we go back to basics — but not the way most people mean it. What is swing trading, really? Where did the term come from? And why does nobody agree on a definition?

We trace the idea across a hundred years of market history and lay out seven distinct methods traders have used to identify a swing. There’s also something most guides skip: the toolkit changes depending on what you’re trading. Stocks let you compare. Commodities and indexes don’t. That distinction matters more than the method you pick.

Check out In The Money

Markets Today

Nifty opened with a 143-point gap-down at 24,068, following rising tensions in the Middle East, pushing oil prices back above $80 per barrel. The index witnessed volatile trading in the opening hour, briefly slipping below 24,050 before recovering to the 24,140–24,145 zone by late morning. However, the rebound proved short-lived as selling pressure resurfaced, dragging Nifty back toward 24,100 by noon.

In the second half, the weakness persisted. After a brief consolidation around 24,060–24,080, the index saw another bout of selling post 1:30 PM, slipping below 24,050 and remaining under pressure for most of the afternoon. Although there were a few intraday recovery attempts, they failed to sustain as sellers remained in control. Nifty eventually closed at 24,052.05, near the lower end of the day’s range, as geopolitical concerns and rising crude prices kept sentiment subdued.

Sectoral Indices Performance

Winners & Losers

Commodities

FII / DII Flows

Here’s the trend of FII-DII activity from the last 5 days:

Thematic Indices

Tijori’s niche indices, where today’s move sorts pockets of the market beyond standard sector baskets. You can also track promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard

Change in OI for the day

The following is the change in OI for Nifty contracts expiring on 14th July:

The maximum Call Open Interest (OI) is observed at 24,100, followed by 24,500, indicating potential resistance at the 24,200 -24,300 levels.
The maximum Put Open Interest (OI) is observed at 24,000, followed by 24,100, suggesting support at 23,900-23,800.

Note: OI is subject to multiple interpretations; however, generally, an increase in Call OI indicates resistance in a falling market, while an increase in Put OI indicates support in a rising market.

Source: Sensibull

Management Chatter

In this section, we highlight interesting comments from management at major companies and from policymakers in the Indian and Global Economies.

Federal Reserve Chair Kevin Warsh on Inflation and the impact of AI on the US economy:

"If we get policy right — and we will — the inflation surge of the last five years will be a thing of the past,"
While monthly price fluctuations are inevitable — especially in an unsettled world — underlying inflation over longer time horizons is determined largely by monetary policy."
"We don't know the extent to which the economy will benefit from the AI buildout." - Link