Morning Bell 22th June 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices snapped their five -session winning streak and witnessed profit booking following the recent sharp up move, primarily led by weakness in IT stocks . The session remained highly volatile due to FTSE rebalancing activities, resulting in significant intraday swings . Despite the selling pressure, the Nifty managed to hold above the psychologically important 24 ,000 mark, indicating resilience in the broader market .
* At close, the Nifty 50 declined 0 .64 % to settle at 24 ,013 , while the Sensex fell 0 .78 % to close at 76,802 .90 .
* On the sectoral front, Healthcare and Pharma emerged as the key gainers, attracting defensive buying interest amid broader market volatility . In contrast, Nifty IT remained under pressure and was the primary drag on the benchmark indices . Most other sectoral indices traded in a choppy manner throughout the session and ended with mixed performance .
* At the broader market level, buying interest remained intact despite weakness in the frontline indices . The Nifty Midcap 100 index gained 0 .22 % to close at 62 ,517, while the Nifty Smallcap 100 index advanced 0 .42 % to settle at 18,784 , indicating relatively stronger participation in the broader market segment .
* Gift Nifty signals a positive opening for the Indian market . Nifty spot in today's session is likely to trade in the range of 23 ,850 - 24 ,250 .
Global Updates
* With U.S . main exchanges closed on Friday, the closing levels from Thursday's tech - led short squeeze serve as the baseline for today's global open .
* U.S . cash markets resume trading today following Friday's closure for the Juneteenth holiday . Institutional desks spent the extended break assessing the Federal Reserve's hawkish policy outlook, where half of the committee flagged the potential for an additional rate hike later this year .
* Geopolitical focus shifts to ongoing technical talks in Switzerland between U.S . and Iranian officials .
* Asian regional indices are displaying a highly polarised open this morning as local desks parse corporate data blocks :
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