Indian Markets Poised for a Steady Start Amid Global Dips and Domestic Support

🔍 Global Market Snapshot 📉 US indices faced pressure with Dow down 0.98% at 51,493, S&P 500 falling 1.21% to 7,420, and Nasdaq sliding 1.34% to 26,021. ⛽ Commodities softened: Brent crude slipped 1.4% to $78.4/barrel, WTI down 1.3% at $75.8/barrel. 💰 Precious metals steady with Gold near ₹4,310/oz and Silver around ₹2.64 lakh/kg. Indian Market Pulse (June 17 Close) 📈 Sensex gained 347 points (+0.45%) to 77,155. 📊 Nifty 50 added 97 points (+0.40%) to 24,086. 🚦 GIFT Nifty futures signal a flat-to-positive open between 24,063 and 24,085. 🔑 Market drivers include easing crude prices and reduced geopolitical tensions supporting momentum. 🏦 FII & DII Activity (June 17, 2026) ✅ FIIs turned cautiously positive with net buying of ₹102 crore. ✅ DIIs maintained strong liquidity support, adding ₹1,561 crore. 📅 Corporate Earnings to Watch (June 18, 2026) 🏭 Anik Industries 🏭 Candour Techtex 🏭 Chandni Machines 🚚 GB Logistics 📊 Nifty Options Sentiment 📌 PCR ratio stands at ~1.07, indicating a neutral-to-bullish market stance. ⚡ Key support near 24,000, resistance between 24,100 and 24,250. 📌 Stocks in Focus 🏗️ HFCL secured a ₹2,666 crore BharatNet Phase-III contract. 🚆 RVNL bagged a ₹968 crore EPC order for rail bridges. 💊 Lupin launched a new hypertension drug in the US market. 🔥 Gujarat Gas remains under watch for its gas distribution outlook. 🚜 Balkrishna Industries benefits from recovering auto ancillary demand. 📈 Brokerage Ratings & Targets 🔹 BEL – Nuvama: Buy, Target ₹470 🔹 Canara Bank – Nuvama: Buy, Target ₹148 🔹 TVS Motor – Nuvama: Buy, Target ₹3,760 🔹 Reliance Industries – CLSA: Outperform, Target ₹1,800 🔹 Infosys – HSBC: Buy, Target ₹1,162 🔹 HDFC Bank – BL Research: Buy, Target ₹810 The Indian market is set for a steady start with GIFT Nifty hovering near 24,070, reflecting cautious optimism.