Indian Markets Poised for a Gap-Down Start Amid Global Volatility and RBI Watch

🌍 Global Market Overview ✅ US indices closed higher on June 2: Dow at 51,308 (+0.45%) ✅ Asian markets showed mixed trends: ✅ Commodity update: Brent crude rose 1.13% to $97.08, 🇮🇳 Indian Market Snapshot 📈 Nifty 50 closed at 23,484, up 101 points (+0.43%) on June 2. ⚠️ However, GIFT Nifty futures indicate a gap-down start today, trading near 23,468, down roughly 120–135 points. 📌 Factors Behind the Dip 💰 Rising crude prices amid stalled US–Iran peace talks are weighing on sentiment. ⚡ Foreign Institutional Investors (FIIs) turned net sellers, adding downward pressure. 💹 FII & DII Activity (June 2) 🏦 FIIs sold aggressively, offloading ₹8,363 crore, mainly in index futures & options, IT, and PSU banks. 🌱 Domestic Institutional Investors (DIIs) countered with net purchases of ₹9,589 crore, supporting banking, FMCG, and auto sectors. 🏢 Corporate Highlights for June 3 📌 NHPC’s retail offer-for-sale (OFS) opens today, following a strong 3.47x oversubscription in the non-retail tranche. 📌 CMR Green Technologies launches IPO with a price band of ₹182–192, targeting ₹631 crore. 📌 Adani Ports reports robust 16% YoY growth in May cargo volumes. 📌 Infosys enters a strategic partnership with DNB Bank ASA. 📌 Tech Mahindra teams up with StackGen to advance agentic AI solutions. 📌 Alkem Labs launches pre-filled Semaglutide syringes priced at ₹350. $INFY 📊 Nifty Options Sentiment: PCR Ratio 🔍 PCR stands at ~0.95, reflecting a neutral to slightly bearish market stance. 🚦 Key Technical Levels to Watch ✅ Nifty support: 23,200–23,250 | resistance: 23,700–23,750 ✅ Bank Nifty support: 53,200 | resistance: 54,500 ⚠️ Risks & Outlook 🌐 Geopolitical tensions persist with stalled US–Iran talks and ongoing Strait of Hormuz concerns, keeping markets on edge. $ADANIPORTS $INFY