Morning Bell 16th July 2026 by Bajaj Broking Ltd
Market Commentary
The benchmark indices witnessed heightened volatility on 15 July amid the ongoing Q1FY 27 earnings season . After touching an intraday high of 24 ,220 .30 , the market witnessed profit booking during the latter half of the session . A weaker rupee and firm crude oil prices kept investor sentiment cautious, limiting the upside .
* At the close, the Sensex advanced 130 .49 points (0 .17%) to 77,185 .43 , while the Nifty gained 26 .45 points (0 .11%) to settle at 24 ,078 .50 .
* On the sectoral front, Nifty PSU Bank, Consumer Durables, Oil & Gas, and Chemicals emerged as the top gainers . On the other hand, Nifty Metal, IT, and FMCG underperformed, while the remaining sectors traded with a mixed bias .
* The broader market continued to outperform the benchmark indices, with the Nifty Midcap 100 rising 0 .28 % and the Nifty Smallcap 100 gaining 0 .67%, reflecting sustained buying interest in the broader market .
* Gift Nifty signals a positive start to the Indian market . Nifty spot in today's session is likely to trade in the range of 23 ,900 - 24 ,300 .
Global Updates
* U.S . cash benches drifted steadily upward on Wednesday, building on a two - day recovery arc . Market sentiment captured a dual tailwind as June Producer Price Index (PPI) data unexpectedly fell - 0 .3% month - over - month, confirming a sharp slowing of factory - gate wholesale disinflation .
* Aside from the geopolitical cross - currents, hardware structural alpha is dominating quantitative trading setups . Preliminary reports show that June revenue is up 67 .9% year - on - year on robust AI chip demand .
* Asian regional complexes are operating under severe structural divergence this morning, attempting to balance Wall Street's positive disinflation closing frame against aggressive local hardware sector liquidations : Nikkei 225 : 66 ,731.10 (- 2,020 .34 pts, - 2.94 %) | KOSPI : 6,816 .62 (- 467 .80 pts, - 6.42 %) |S&P/ASX 200 : 8 ,843 .4 (+ 2.3 pts, +0 .03 %).
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