Morning Bell 12th August 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices remained under pressure through most of the session, with the Nifty hitting an intraday low of 24 ,429 .25 . However, buying interest at lower levels helped recover a portion of the losses, although the indices ultimately closed below the 24 ,500 levels . Elevated crude oil prices, with Brent trading near the $90 per barrel mark, continued to remain an overhang on market sentiment and kept investors cautious .
* At close, the Sensex declined 388 .19 points or 0 .49 % to settle at 78 ,154 .25 , while the Nifty 50 fell 112.10 points or 0 .46 % to close at 24 ,471.70 .
* On the sectoral front, performance remained mixed . Nifty Pharma emerged as the top gainer, advancing 1.0%, followed by Nifty IT, which gained 0 .6%. On the downside, Nifty Realty, FMCG, and Metal declined around 1% each . Infrastructure fell 0 .8%, while Private Banks, Auto, and Bank declined 0 .6%, 0 .5%, and 0 .4%, respectively .
* The broader market showed relative resilience compared with the frontline indices . The Nifty Midcap 100 index ended largely flat, while the Nifty Small cap 100 index gained 0 .2%, indicating continued selective buying interest despite weakness in the benchmark indices .
* Gift Nifty signals a flat opening for the Indian market . Nifty spot in today's session is likely to trade in the range of 24 ,300 - 24 ,650 .
Global Update
* Institutional trading desks worldwide are holding positions ahead of today's U.S . Consumer Price Index (CPI) release . Headline inflation is expected at 3.4% YoY (down from 3.5%), with core CPI projected at 2.5% YoY . The data will be pivotal for Fed expectations following last week's cooling labour numbers and the recent rebound in crude oil prices .
* South Korea's KOSPI led regional gains, jumping +3.15% (+ 199 .94 pts) to 6,545 .48 . Heavy foreign and domestic inflows into semiconductor titans (Samsung Electronics, SK Hynix) and EV battery manufacturers fueled the massive index outperformance as AI infrastructure capital expenditure remains resilient .
* Energy benchmarks continue to remain near $89 .50 /bbl following ongoing naval blockades and transit security standoff near the Strait of Hormuz under Operation Project Freedom . The elevated geopolitical risk premium keeps energy traders cautious ahead of mid - week inventory data .
* Asia - Pacific markets are mixed, with South Korea’s KOSPI surging 3.15%, Japan’s Nikkei edging up 0 .09 %, while Australia’s S&P/ASX 200 slipped 0 .50 %.
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