Morning Bell 14th July 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices opened with a gap - down but staged a strong recovery from their intraday lows, erasing early losses to end the session nearly unchanged . The rebound was driven by broad - based buying in Nifty IT and other heavyweight stocks, which helped the benchmark indices recover nearly 200 points from the day's low and close on a flat note .
* At close, the Nifty 50 gained 0 .02 % to settle at 24 ,211, while the Sensex edged up 0 .06 % to close at 77,616 .
* On the sectoral front, Nifty IT emerged as the top - performing sector, followed by Media and Consumer Durables, which also witnessed healthy buying interest . On the downside, Nifty Cement and FMCG remained the key laggards, witnessing mild profit booking during the session .
* The broader market traded largely flat, reflecting a consolidating its recent gains . The Nifty Midcap 100 index edged up 0 .01%, while the Nifty Small cap 100 index gained 0 .03 %
* Gift Nifty signals a gap down opening to the Indian market amid weak global cues and rising crude oil prices . Volatility is likely to be high in today's Nifty weekly expiry session . Nifty spot is likely to trade in the range of 23 ,900 - 24 ,350 .
Global Updates
* Geopolitical volatility has entered an acute phase after U.S . President Donald Trump formally announced the reinstatement of the naval blockade on Iran . Declaring the U.S . as "The Guardian of the Hormuz Strait," the administration announced that all commercial cargo navigating the waterway will be charged a 20 % safety toll to offset security costs .
* Aside from the geopolitical noise, global equity desks are gearing up for the official kickoff of the corporate earnings cycle this week . Algorithmic trading systems are re - weighting directional exposures ahead of crucial Q2 reporting numbers from major money center banks and cyclical industrial giants .
* Asian markets traded mixed this morning, with South Korea's KOSPI surging 1.64 % on an oversold rebound, Japan's Nikkei 225 remaining nearly flat (+ 0 .02 %), and Australia's S&P/ASX 200 slipping 0 .47 % amid weakness in resource stocks
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