Morning Bell 11th August 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices remained locked in a consolidation phase on Monday, trading within a narrow range . The formation of indecisive candles over the past three sessions highlights the uncertainty among market participants, with the benchmark indices lacking a clear directional trigger . Rising crude oil prices, with Brent trading above the $85 per barrel mark, remained a key concern and continued to act as a potential headwind for the market .
* At close, the Nifty 50 gained 0 .05 % to settle at 24 ,583 , while the Sensex advanced 0 .06 % to close at 78 ,542 .
* On the sectoral front, Nifty Realty emerged as the top gainer, advancing 1.35 %, followed by Consumer Durables, which gained 0 .4%, and Private Banks, up 0 .5%. On the downside, Nifty PSU Banks declined 1.6% and emerged as the key laggard, followed by Oil & Gas, which fell 0 .37%, and Infrastructure, which declined 0 .40 %.
* The broader market remained relatively resilient . The Nifty Midcap 100 index gained 0 .62 %, while the Nifty Smallcap 100 index declined 0 .27%. Despite the mixed performance, both indices continued to trade near their respective all-time highs, reflecting sustained strength and investor participation in the broader market .
* Gift Nifty signals a flat to negative opening for the Indian market . Volatility is likely to be high in today's weekly expiry session . Nifty spot in today's session is likely to trade in the range of 24 ,400 - 24 ,700
Global Updates
* International oil benchmarks rallied near 5% overnight, with Brent crude settling at $ 87 .72/bbl The surge follows official statements from Tehran reiterating that the Strait of Hormuz will not reopen unless the U.S . satisfies several explicit conditions, including an end to sanctions, war compensation, and lifting naval blockades under Operation Project Freedom .
* Global financial markets enter a critical macro data window ahead of Wednesday's U.S . Consumer Price Index (CPI) release (consensus expected at 3.4% YoY headline / 2.5% YoY core) and Thursday's PPI .
* Asia - Pacific indices are trading with a general positive bias : Nikkei 225 |Closed |—|KOSPI |6,311.00 | +0 .18% |S&P/ASX 200 |9,248 .70 |+0 .17%
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