📊 Market Update – 8 June 2026 $MARICO $INFY $NESTLEIND

📊 Market Update – 8 June 2026 Indian markets are expected to open on a weak note today as global risk-off sentiment outweighs the positive impact of the RBI's recent measures to attract foreign capital. GIFT Nifty indicated a sharp decline ahead of the opening bell, while Asian markets remained under pressure. Key Market Triggers 🔹 Global Concerns Rising crude oil prices after renewed Middle East tensions have hurt market sentiment. Asian markets witnessed broad-based selling, while US markets closed lower after stronger-than-expected jobs data increased the probability of a Fed rate hike later this year. 🔹 RBI Supportive Measures RBI's recent steps to boost foreign capital inflows, including easier access for overseas investors and incentives for NRI deposits, remain a medium-term positive for Indian equities. 🔹 FII Flow Watch Persistent FII selling continues to be a concern despite supportive domestic policies. Markets may remain stock-specific until fresh inflows emerge. Sectors in Focus Today ✅ Banking & Financials – Supported by RBI's accommodative stance and capital inflow measures. ✅ FMCG – Likely to attract defensive buying amid market volatility. ⚠️ IT Sector – May remain under pressure due to weakness in US technology stocks and risk-off sentiment globally. ⚠️ Oil Marketing Companies – Rising crude prices could impact margins if the uptrend continues. Nifty Levels to Watch Support: 23,200 – 23,250 Resistance: 23,600 – 23,700 Strategy for Traders Expect volatility at the open. Focus on stock-specific opportunities rather than aggressive index positions. Banking, select PSU stocks, and defensives may outperform if broader market weakness persists.