Morning Bell 20th July 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices on Friday's session opened on a positive note and extended their gains throughout the session, supported by strong buying interest in index heavyweights . Market participants preferring large - cap stocks amid expectations of healthy corporate earnings .
* At close, the Nifty 50 gained 1.09 % to settle at 24 ,334 , while the Sensex advanced 1.25 % to close at 78 ,151.
* On the sectoral front, Nifty IT and Private Banks emerged as the top - performing sectors, providing significant support to the benchmark indices . On the other hand, Metal and Pharma stocks remained under pressure and were the key laggards during the session .
* The broader market underperformed the benchmark indices, indicating a shift in investor preference towards large - cap stocks . The Nifty Midcap 100 index declined 0 .41%, while the Nifty Small cap 100 index fell 0 .21%, reflecting selective profit booking in the broader market .
* Gift Nifty signals a flat opening for the Indian market . Nifty spot in today's session is likely to trade in the range of 24 ,100 - 24 ,530 .
Global Updates
* New York cash desks faced massive distribution to close the week as a heavy sell - off across overextended artificial intelligence winners triggered a broader market retreat . Mega - cap semiconductor counters bore the brunt of the institutional de - grossing blocks, leading major capital - weighted indices to register their worst weekly performance in months .
* A persistent technology drag coupled with risk - off portfolio positioning forced significant downside frames across all major U.S . benches to close out the previous session :
* Geopolitical structural risk is dominating multi - asset pricing models .
* Asian regional complexes are operating under severe structural stress this morning as local desks bear the absolute brunt of the global tech - led hardware liquidation Nikkei 225 (Japan) : - 2,694 .42 points (- 4 .03 %)KOSPI (South Korea) : - 169 .18 points (- 2.48 %) S&P/ASX 200 (Australia) : +25 .9 points (+ 0 .29 %)
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