Morning Bell 8th June 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices witnessed a volatile session on June 5 and closed marginally lower as investors reacted to the RBI Monetary Policy outcome and continued FII selling . The RBI kept the repo rate unchanged at 5.25 % and maintained its neutral policy stance, while raising its inflation forecast and lowering GDP growth projections, which kept market sentiment cautious throughout the session .
* At close, the Nifty 50 declined 50 points or 0 .21% to settle at 23 ,366 .70 , while the Sensex fell 117 points or 0 .16% to close at 74 ,243 .34 .
* On the sectoral front, Nifty Media extended its gaining streak and emerged as the top - performing sector, advancing 3.48 % on the back of sustained buying interest . Healthcare and Realty stocks also witnessed notable buying activity and ended higher . On the downside, Nifty Metal, IT, and Cement -related stocks remained under pressure and weighed on overall market sentiment .
* The broader market witnessed mixed trends . The Nifty Midcap index traded with a negative bias amid some profit booking, while the Nifty Small cap index attracted selective buying interest and ended the session largely flat .
* Gift Nifty signals a gap down opening for the Indian market . Nifty spot in today's session is likely to trade in the range of 22 ,950 - 23 ,450 .
Global Updates
* Wall Street suffered an intense, broad - based sell - off on Friday as cash desks aggressively unwound risk assets following labour data . A sharp spike in the fear gauge reflected a sudden and significant pickup in overall market anxiety .
* The primary driver behind the sudden shift in global sentiment was Friday's blockbuster U.S . non - farm payrolls report . The economy added 172,000 jobs, crushing expectations . While a strong labour market shows fundamental economic health, it also signals that the economy might still be running too hot
* Asian regional benchmarks are awash in red this morning, extending Wall Street’s sharp late - week selloff . Japan’s Nikkei 225 has plunged 3.70 % (- 2,464 .81 points) to 64 ,123 .09 , leading the regional decline .
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