Indian markets are set for a cautious, flat-to-negative opening today

Indian markets are set for a cautious, flat-to-negative opening today Global Market Update US indices (June 8 close): Nasdaq +0.86% (25,929), S&P 500 +0.30% (7,405), Dow -0.16% (50,786). Asia (today): Nikkei +1.05%, Kospi +4% rebound, Hang Seng -0.43%. Commodities: Brent crude ~$94.01, WTI ~$91.06; Gold ~$4,316/oz; Silver ~$68.04/oz. 🇮🇳 Indian Market Snapshot Sensex (June 8 close): 73,524 (-719 pts, -0.97%). Nifty 50: 23,123 (-244 pts, -1.04%). GIFT Nifty (today): ~23,121 (-30–70 pts), signaling a muted start. Reason for dip: Geopolitical tensions, crude spike, hawkish Fed stance, FII selling. 💰 FII & DII Activity (June 8, 2026) FIIs: Net sellers ₹5,555 crore. DIIs: Net buyers ₹5,165 crore. Results today: Goldline Pharma Om Metallogic Prabhav Industries Sanguine Media Stocks in focus: Bharti Airtel & Vodafone Idea – Bombay HC quashes spectrum charge. NLC India – Govt OFS up to 3% stake. Grasim Industries – ₹3,090 crore capex expansion. RVNL – ₹221 crore railway order. IRB Infra – Toll revenue +25% YoY.

📊 PCR Ratio (Nifty Options Sentiment) Nifty PCR (June 9, 2026): ~0.65 (bearish bias). Interpretation: Call writing dominates; support at 23,000, resistance at 23,250–23,300. 🏦 RBI Policy Impact & Expectations Repo rate: Unchanged at 5.25%. GDP forecast: Cut to 6.6% (from 6.9%). Inflation forecast: Raised to 5.1% (from 4.6%). Impact: Hawkish stance limits rate-cut hopes; crude spike and weak rupee add pressure. Expectation: RBI may maintain pause but could tighten if inflation worsens. ✅ In summary: Markets open flat-to-negative today with GIFT Nifty ~30–70 pts down, crude near $94, FIIs selling, DIIs buying, and RBI’s hawkish pause weighing on sentiment. Telecom, infra, and select FMCG/pharma stocks are in focus.