Morning Bell 16th June 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices opened with a gap - up and thereafter largely consolidated throughout the session . Some profit booking emerged near the psychologically important 24 ,000 level during the latter half of the day ; however, the indices managed to close in positive territory . Market sentiment remained supported by easing geopolitical tensions, a sharp decline in Brent crude oil prices to around $83 per barrel, and a recovery in the Indian rupee . Despite surrendering a portion of their intraday gains, the benchmark indices ended the session firmly in the green,
* At close, the Nifty 50 gained 231 points or 0 .98 % to settle at 23 ,853 , while the Sensex advanced 736 points or 0 .97% to close at 76 ,264 .33 . The Nifty, however, faced immediate resistance near the psychologically important 24 ,000 mark .
* On the sectoral front, Nifty Realty emerged as the top - performing sector, extending its recent rally, followed by strong gains in Cement and Auto stocks . In contrast, Pharma and Healthcare counters witnessed some profit booking after recent outperformance . All other major sectoral indices ended the session in positive territory
* Gift Nifty signals a flat opening for the Indian market . Nifty spot in today's weekly expiry session is likely to trade in the range of 23 ,600 - 24 ,050
Global Updates
* Wall Street locked in a magnificent, high - volume performance on Monday, printing new record highs as the deflating energy matrix sparked aggressive short - covering and block - buying across growth sectors .
* Global market sentiment shifted into a state of high euphoria after U.S . President Donald Trump announced that a preliminary peace framework has been reached with Iran . The breakthrough initiates a 60 - day window aimed at fully halting conflicts and officially reopening the strategic Strait of Hormuz
* Asian markets remained resilient, with South Korea’s KOSPI gaining 0 .80 % to extend its recovery, while Japan’s Nikkei 225 and Australia’s S&P/ASX 200 posted only modest declines .
Above views are of the author and not of the website kindly read disclaimer
