Morning Bell 4th August 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices opened with a gap - up and maintained their positive momentum throughout the session, trading in a narrow range with a strong upward bias . Investor sentiment remained upbeat as Brent crude oil prices cooled below the $ 85 per barrel mark and easing geopolitical tensions improved the overall risk appetite . Broad - based buying across sectors further supported the rally, helping the benchmark indices close near their day's highs .
At close, the Nifty 50 surged 1.60 % to settle at 24 ,774 , while the Sensex gained 0 .70 % to close at 78 ,639 .
Yesterday's session also marked the first day of the new Closing Auction Session (CAS) on Indian stock exchanges, introducing the revised closing mechanism for eligible securities in the NSE .
On the sectoral front, Nifty IT, Bank, FMCG, and Metal emerged as the top - performing sectors, witnessing strong buying interest throughout the session . Nifty Media was the only notable laggard, while the rest of the sectoral indices ended in positive territory, reflecting broad - based participation in the rally .
The broader market also mirrored the positive sentiment . The Nifty Midcap 100 index gained 1.21%, while the Nifty Small cap 100 index advanced 1.29 %, highlighting strong participation across the broader market .
Gift Nifty signals a flat opening for the Indian market amid firm global cues . Nifty spot in today's session is likely to trade in the range of 24 ,450 - 24 ,900 .
Global Updates
Wall Street rallied strongly on Monday, August 3, 2026 , driven by strong corporate earnings and falling energy input costs .
Global technology sentiment remains split as investors parse contrasting Big Tech capital expenditure plans . While blowout cloud growth at Amazon and Microsoft validated record AI data centre spending, platforms lacking immediate cloud monetisation face tighter scrutiny as markets prepare for Advanced Micro Devices (AMD) earnings later today to gauge AI chip demand .
U.S . ISM Manufacturing PMI Hits 4 - Year High of 55 .6%: U.S . economic activity accelerated sharply in July as the ISM Manufacturing PMI rose +2.3 points to 55 .6% (vs . 54 .0% expected)
S&P/ASX 200 (XJO) : 9,064 .6 (+ 0 .50 %) | Nikkei 225 : 63 ,349 .37 (- 0 .64 %) |KOSPI : 6,171.82 (- 1.37%)
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