Morning Bell 17th July 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices opened on a positive note but traded within a narrow range throughout the session . Market participants remained cautious amid the weekly Sensex expiry, resulting in elevated intraday volatility . Investor sentiment was further tempered by the continued weakness in the Indian rupee and elevated Brent crude oil prices, which kept the benchmark indices largely range - bound .
* At close, the Nifty 50 slipped 0 .02 % to settle at 24 ,072 , while the Sensex ended almost unchanged at 77,186 .
* On the sectoral front, Consumer Durables and Media emerged as the top - performing sectors, witnessing healthy buying interest . On the downside, Nifty Realty, PSU Banks, and Financial Services remained the key laggards as selective profit booking weighed on these sectors .
* The broader market witnessed marginal profit booking as the Nifty Midcap 100 index declined 0 .41%, while the Nifty Smallcap 100 index fell 0 .10%.
* Gift Nifty signals a flat to positive start to the Indian market . Nifty spot in today's session is likely to trade in the range of 23 ,900 - 24 ,260 .
Global Updates
* A sweeping hardware chip liquidation and hawkish Fed signaling triggered widespread defensive distribution across Wall Street cash desks . •Geopolitical risk has reached a boiling point after the United States significantly expanded its military campaign against Iran .
* New York cash desks faced heavy distribution on Thursday as the artificial intelligence semiconductor boom experienced sharp profit - taking . Despite a stellar earnings print from industry bellwether Taiwan Semiconductor Manufacturing Co . (TSMC) .
* Asian regional benchmarks are flashing deep red figures this morning, gapping lower as local desks absorb Wall Street's tech - led liquidation :KOSPI (South Korea) : Closed (Constitution Day) Nikkei 225 (Japan) : 64 ,923 .36 |- 1,911.96 pts |- 2.86 % S&P/ASX 200 (Australia) : 8 ,778 .3 |- 62 .4 pts |- 0 .71%
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