Morning Bell 10th August 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices ended the session on a subdued note, with profit booking in heavyweight financial stocks weighing on the benchmarks despite resilience in the broader market . On a weekly basis, however, the market wrapped up on a positive note, with the broader trend remaining constructive .
* At close, the Nifty 50 declined 0 .27% to settle at 24 ,570 , while the Sensex fell 0 .58 % to close at 78 ,499 .
* On the sectoral front, Nifty Auto and IT emerged as the top gainers, witnessing sustained buying interest throughout the session . On the downside, Private Banks, FMCG, and Financial Services remained the key laggards, as profit booking in heavyweight stocks capped the market's upside .
* The broader market continued to display resilience despite profit booking in the benchmark indices . The Nifty Midcap 100 index gained 0 .22 %, while the Nifty Small cap 100 index edged lower by 0 .05 %. Both broader market indices continued to hover near their all- time highs, reflecting sustained investor interest and relative outperformance compared with the frontline indices .
* Gift Nifty signals a flat to positive opening for the Indian market . Nifty spot in today's session is likely to trade in the range of 24 ,400 - 24 ,750
Global Updates
* Over the weekend, Iran's Revolutionary Guards (IRGC) declared that the Strait of Hormuz will not reopen despite ongoing Oman -mediated shipping lane negotiations until the U.S . meets Tehran’s strict conditions . These demands include full war compensation, an end to strike operations, and releasing frozen assets . Following fresh localized strikes on UAE energy tankers, crude prices surged nearly +2.0% overnight as a heavy geopolitical risk premium remains embedded .
* Markets are digesting Friday's unexpected contraction in July U.S . Nonfarm Payrolls (- 23 ,000 jobs) . The sudden cooling in labor demand sharply reduced money -market expectations for near - term Federal Reserve rate hikes, cementing views of a rate hold and shifting institutional focus toward this week's upcoming U.S . CPI (Aug 12) and PPI (Aug 13) inflation prints .
* Fresh economic data released over the weekend showed China’s Consumer Price Index (CPI) decelerated further while Producer Price Index (PPI) extended its deflationary streak into a 22 nd consecutive month . The softening consumer demand across mainland China has intensified global market expectations for immediate PBOC monetary stimulus and potential policy rate cuts to stabilize regional trade growth .
* Asian markets were mixed, with the Nikkei 225 surging 1.18% to 66 ,378 .81, the KOSPI rebounding 0 .68 % to 6,301 .12, while the S&P/ASX 200 slipped 0 .30 % to 9,235 .50
Above views are of the author and not of the website kindly read disclaimer
