Morning Bell 27th July 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices extended their losing streak, with the Nifty 50 declining for the fifth consecutive session and slipping below the crucial 23 ,800 mark on Friday . The market, however, recovered nearly 150 points from its intraday low as buying emerged at lower levels . Investor sentiment remained cautious amid escalating geopolitical tensions .
* At close, the Nifty 50 declined 0 .43 % to settle at 23 ,767 , while the Sensex fell 0 .43 % to close at 76,059 .
* On the sectoral front, Nifty Media and IT emerged as the top gainers, providing support to the benchmark indices through selective buying interest . On the downside, Auto and Metal stocks witnessed the sharpest selling pressure and remained the key laggards for the session .
* The broader market also ended in negative territory . The Nifty Midcap 100 index declined 0 .30 % to close at 61,622 , while the Nifty Small cap 100 index fell 0 .32 % to settle at 18,874 , reflecting cautious sentiment across the broader market .
* Gift Nifty signals a Gap up opening for the Indian market amid decline in crude oil prices . Nifty spot in today's session is likely to trade in the range of 23 ,600 - 24 ,100
Global Updates
* Global energy contracts are tumbling sharply in early Asian trading after Washington paused its 13- day airstrike campaign under Operation Project Freedom to give diplomatic negotiations space .
* U.S . cash benches ended Friday on a divided note, but index futures are staging a strong risk - on rebound this morning as receding oil prices lower input - cost inflation fears . Market desks are turning their focus to this week's Federal Open Market Committee (FOMC) interest rate decision alongside major Q2 earnings releases from Apple, Amazon, and Meta .
* Asian markets traded mostly higher as easing Middle East shipping concerns improved investor sentiment, lifting hardware and import - driven markets across the region . Australia's S&P/ASX 200 and South Korea's KOSPI posted solid gains on renewed buying interest, while Japan's Nikkei 225 edged lower as investors reacted to currency volatility following the weakening of the US dollar .
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