Morning Bell 21st May 2026 by Bajaj Broking Ltd
Market Commentary
Benchmark indices staged a sharp intraday rebound on 20 th May after touching an intraday low of 23 ,397 during the first hour of the session . The Nifty recovered more than 250 points from lower levels and eventually managed to close above the 23 ,600 mark, indicating buying interest emerging at lower levels . Crude oil prices witnessed some cooling off from higher levels ; however, the Indian Rupee remained under pressure and continued to depreciate amid prevailing global uncertainties .
* At close, the Sensex gained 117.54 points or 0 .16% to settle at 75 ,318 .39 , while the Nifty advanced 41 points or 0 .17% to close at 23 ,659 .00 .
* On the sectoral front, markets witnessed a mixed trend . Buying interest was largely seen in Nifty Oil & Gas, Auto, Realty, and Banking stocks, whereas Nifty Media, IT, and FMCG indices emerged as laggards during the session .
* Gift Nifty signals a gap up opening for the Indian Market . Nifty spot in today's session is likely to trade in the range of 23 ,500 - 24 ,000 ..
Global Updates
* Wall Street closed Wednesday's regular session firmly in green territory, staging a powerful intraday turnaround to reclaim major milestones . A dramatic short - covering wave swept across the floor ahead of the Nvidia print, with small - caps leading the charge as macro desks aggressively squeezed out short positions .
* The positive earnings momentum faces a major macro counterweight from the Federal Reserve . Minutes released from the central bank’s latest policy meeting revealed a deeply concerned committee . Rather than debating when to implement a rate cut, a majority of participants explicitly indicated a willingness to introduce further interest rate hikes if sticky cost - push factors keep inflation pinned above the 2% target .
* Asia - Pacific markets opened higher on Thursday morning trade, tracking Wall Street gains, as growing hopes that the Middle East conflict could end soon cooled oil prices
Above views are of the author and not of the website kindly read disclaimer
