Morning Bell 18th June 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices opened on a positive note on 17 June and extended gains during the early part of the session . However, some profit booking emerged after the indices touched intraday high of 24 ,100 , leading to a phase of consolidation . The market closed near the high around 24 ,100 levels, supported by Brent crude oil prices slipping below $80 per barrel and the absence of any major escalation in geopolitical tensions .
* At close, the Nifty 50 gained 96 .55 points or 0 .40 % at 23085 to settle higher, while the Sensex advanced 347 points or 0 .45 % to close at 77,155 .
* On the sectoral front, Nifty Consumer Durables emerged as the top - performing sector, followed by PSU Banks and Cement stocks, which witnessed strong buying interest throughout the session . On the other hand, Nifty Auto and Realty indices underperformed and ended the day in negative territory amid selective profit booking .
* The broader market also remained firm, reflecting healthy participation beyond the benchmark indices . The Nifty Midcap 100 index gained 0 .52 % to close at 62 ,123 , while the Nifty Small cap 100 index outperformed, rising 0 .79% to settle at 18,623 .
* Gift Nifty signals a flat opening for the Indian Market . Nifty spot in today's session is likely to trade in the range of 23 ,850 - 24 ,300 .
Global Updates
* Wall Street closed sharply lower on Wednesday, with growth and technology benchmarks bearing the brunt of the late -session reversal as interest rate anxieties spiked across institutional desks .
* A sharp wave of anxiety hit global financial markets during the final hour of New York trading . In its highly anticipated policy meeting - the first under newly sworn - in Chairman Kevin Warsh - the Federal Reserve unanimously voted to keep interest rates unchanged at the 3.50 % to 3.75% range . However, the central bank delivered a surprisingly aggressive policy signal by removing soft rate - cut language from its statement .
* Asian regional benchmarks are flashing a deeply polarized pattern this morning as local indices digest the macro hawkishness of the Fed statement Nikkei 225 (Japan) : Bucking the broader global trend aggressively, gapping up a massive 1.63 % (+ 1,136 .26 points) to trade at 71,038 .29
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