Indian Markets Poised for Sharp Gap-Down Amid Global and Geopolitical Pressures

📉 Market Opening Outlook GIFT Nifty is set to open sharply lower by 190–200 points at around 23,310, reflecting a cautious mood driven by weak global cues and renewed US–Iran tensions. 🌍 Global Cues ✅ US indices closed lower on June 3: Dow fell 1.21% to 50,687, S&P 500 down 0.74% at 7,553, Nasdaq slipped 0.89% to 26,853 — profit booking after recent record highs. ✅ Brent crude eased slightly to $97.1 per barrel (-0.7%), yet remains elevated amid geopolitical concerns. 🇮🇳 Indian Market Snapshot (June 3 Close) 📊 Sensex declined 304 points (-0.41%) to 74,346 📊 Nifty 50 slipped 78 points (-0.33%) to 23,405 🔍 Key Drivers ⚡ Escalation in US–Iran conflict and a spike in crude oil prices ⚡ Persistent Foreign Institutional Investor (FII) outflows ⚡ Market caution ahead of RBI’s Monetary Policy Committee (MPC) decision tomorrow 💰 FII & DII Activity (June 3) 🏦 FIIs were net sellers to the tune of ₹5,616 crore, primarily offloading positions in IT, PSU banks, and index futures. 🌱 DIIs stepped in as net buyers with ₹5,741 crore, supporting sectors like banking, pharma, and FMCG. 🏢 Corporate Highlights (June 4) 📌 Ambo Agritec, Atvo Enterprises, and Minal Industries released audited results. 📌 Infosys faced a sharp sell-off, dropping between 5% and 9%, reflecting sector-wide pressure. 📌 NHPC’s Offer for Sale (OFS) retail tranche remains open. 📌 CMR Green Tech IPO subscription continues on Day 2. 📈 Options Sentiment Nifty Put-Call Ratio (PCR) stands near 0.98, indicating a neutral to slightly bearish sentiment. 📌 PCR below 1 suggests more call writing than puts, signaling cautious investor positioning. 🚦 Risks & Outlook 🧪 Geopolitical tensions remain a key risk, with recent developments including the Kuwait airport drone strike. $INFY 🔑 Technical Levels to Watch • Nifty support: 23,200 • Nifty resistance: 23,650–23,700 • Bank Nifty support: 52,700 • Bank Nifty resistance: 55,000