Morning Bell 8th July 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices traded in a choppy range throughout the session amid heightened volatility due to the weekly Nifty expiry . Nifty opened on a positive note, the benchmark indices failed to sustain early gains and were unable to decisively move above the crucial 24 ,500 mark, leading to a pullback in the latter half of the session with the Nifty closing around the 24 ,400 levels .
* At close, the Nifty 50 declined 0 .13% to settle at 24 ,398 , while the Sensex slipped 0 .13% to close at 78 ,180 .
* On the sectoral front, Nifty IT, FMCG, and select Midcap stocks emerged as the key outperformers, witnessing healthy buying interest during the session . On the other hand, Nifty Realty, Metal, Media, and Energy indices remained under pressure as selective profit booking weighed on these sectors .
* The broader market also witnessed mild profit booking after the recent rally . The Nifty Midcap 100 index declined 0 .30 %, while the Nifty Small cap 100 index fell 0 .55 %, indicating relatively broader weakness beyond the frontline indices .
* Gift Nifty signals a negative start to the Indian market . Nifty spot in today's session is likely to trade in the range of 24 ,050 - 24 ,530 .
Global Updates
* Heavy distribution across high - multiple mega - caps dragged the cap - weighted down, forcing the blue - chip complex to surrender its recent high - water marks .
* The brief early - week tech relief rally abruptly evaporated on Tuesday . A severe liquidation across semiconductor and high - beta growth architectures dragged major U.S . cash benches deeply into the red .
* Global commodity and maritime desks faced a sudden return of risk premiums following reports of fresh missile and projectile strikes targeting commercial ships near the strategic Strait of Hormuz .
* Asian regional complexes are under deep, visible structural stress this morning as desks digest global tech de -risking alongside overnight geopolitical shock waves : Nikkei 225 (Japan) : - 68 .86 pts (- 0 .10%) to 68 ,187.88 KOSPI (South Korea) : +49 .51 pts (+ 0 .65 %) to 7,705 .83 S&P/ASX 200 (Australia) : - 101.8 pts (- 1.16%) to 8 ,702 .1
Above views are of the author and not of the website kindly read disclaimer
