Indian Markets Brace for Sharp Gap-Down Amid IT Weakness and Mixed Global Cues

$RELIANCE $NLCINDIA $HCLTECH 📉 Market Opening Outlook GIFT Nifty is signaling a sharp gap-down open today near 24,000, down approximately 190 points. The pressure is mainly driven by IT stocks following Accenture’s cautious guidance, while global markets show a mixed performance despite optimism around the US–Iran peace deal. 🌍 Global Market Highlights ✅ US indices closed higher on June 18: Dow rose 0.14% to 51,565, S&P 500 gained 1.08% to 7,501, and Nasdaq surged 1.91% to 26,518. ✅ Asian markets today show mixed trends: ✅ European markets closed mixed: CAC up 0.4%, DAX gained 0.37%, while FTSE slipped 1.0%. ✅ Commodities remain subdued: Brent crude at $78.3 (-0.7%), ✅ Sensex closed at 77,410, up 254 points (+0.33%). ✅ Nifty 50 ended at 24,168, rising 82 points (+0.34%). ⚡ FIIs turned cautious, emerging as net sellers with ₹1,025 crore outflow. ⚡ DIIs remained supportive, buying ₹3,517 crore, mainly backing banks and infrastructure sectors. 🏢 Corporate Events to Watch 🔑 Reliance Industries AGM focuses on Jio IPO plans, retail expansion, and clean energy initiatives. 🔑 String Metaverse records bonus issue date (2-for-9 shares). 📈 Options Sentiment Snapshot Nifty PCR stands at ~1.11, indicating a neutral market sentiment. Support is expected near 24,000, with resistance between 24,300 and 24,450. 📌 Stocks in Focus 💼 Reliance Industries declares ₹6/share dividend; Jio IPO buzz intensifies. 💼 Infosys and Wipro ADRs fell 7–10% after Accenture’s downgraded guidance. 💼 HCL Tech faces sector-wide pressure amid IT weakness. 💼 HDFC Bank gets RBI nod to extend Keki Mistry’s tenure; announces ₹13/share dividend. 💼 Brokerage houses highlight buy calls on Adani Power, Hindalco, and Kaynes Tech. 💼 PSU power stock NLC India remains under investor radar. The Indian market’s sharp gap-down today reflects a complex interplay of global optimism and sector-specific concerns.