200 pts gap-down start)

📊 Indian Market Opening Snapshot GIFT Nifty: ~23,660–23,675 (↓ ~200 pts, gap-down start) 🌍 Global & Commodities US: Nasdaq –2.15%, S&P –1.21%, Dow –0.97% Europe: FTSE –0.73%, DAX –1.56%, CAC –1.64% Brent Crude: ~$100.5/barrel 🚨 Gold: ~$4,052/oz | Silver: ~$227,000/kg Rupee: ~₹96.7/$ (near record low) 🔑 Key Levels Nifty Support: 23,800–23,750 | Resistance: 24,000–24,100 Bank Nifty Support: 56,300–56,000 | Resistance: 56,900–57,000 📈 Derivatives & Sentiment PCR: Nifty ~0.68 → bearish India VIX: ~13.5 → volatility rising Max Pain: 24,000 strike 💰 Institutional Flows (July 23) FII: –₹2,999 Cr (selling continues) DII: +₹2,947 Cr (absorbing pressure) 🏦 Stocks in Focus Results: NTPC, SBI Life, Shriram Finance, Tata Consumer, SBI Cards, ACC, BoB, BoI, Hindustan Zinc, Jindal Steel, Dr Lal PathLabs, REC, SAIL, Welspun Corp Ex-dividend: Bharti Airtel, Hero MotoCorp, Divis Labs, Jubilant Pharmova, Radico Khaitan, Zydus Lifesciences Headlines: Infosys Q1 profit ₹7,769 Cr (+12% YoY), IndiGo Q1 loss ₹238 Cr, Meesho revenue +48% YoY, Coforge launches AI OS “Nuuron” 📑 Brokerage Views Motilal Oswal: Nifty 23,700–24,200; bearish below 24,000 Choice Broking: Nifty sideways-to-bearish, support 23,700–23,750 Picks: Manappuram Finance, Eicher Motors, Sun Pharma ⚠️ Risks US–Iran conflict → crude spike US tariffs on Indian imports (10%) Rupee weakness near record low Persistent FII selling despite strong Q1 earnings