🔔 Market Pulse: Flat Start as Cautious Sentiment Prevails

BEL REC 📈 Indian Markets Outlook - GIFT Nifty poised for a flat open around 24,120–24,150 on June 23, 2026 - Nifty support at 23,900–24,000; resistance near 24,200–24,300 - Bank Nifty support between 57,300–57,600; resistance at 58,000–58,500 - Put-Call Ratio at ~0.87 signals cautious bullish positioning - FIIs net sellers at –₹636 Cr, while DIIs stepped in with +₹1,036 Cr 🌍 Global Cues - US markets mixed: Dow +0.29%, S&P 500 –0.37%, Nasdaq –1.32% - Europe shows modest gains: FTSE +0.72%, DAX +0.62%, CAC down slightly –0.25% - Asian indices trending lower: Nikkei –0.93%, Kospi –0.46%, Hang Seng –0.46% - Commodities steady: Brent crude ~$78.1/bbl, WTI ~$74.8/bbl, Gold ~$4,202/oz Key Indian Market Stats - Sensex closed at 77,094, up 291 points (+0.38%) - Nifty 50 ended at 24,103, gaining 90 points (+0.37%) - Bank Nifty rose 250 points to 57,936 (+0.43%) - India VIX remains low at ~12.84, indicating subdued volatility 📌 Stocks - BEL secures ₹1,081 Cr in defence orders, strengthening its portfolio - Vodafone Idea announces preferential allotment of 430 Cr warrants worth ₹1,183 Cr - Hindustan Zinc signs MoU for green hydrogen adoption, boosting sustainability efforts - JSW Infra launches QIP issue, attracting fresh capital - REC Ltd garners BUY calls from brokers with a target of ₹395 - Delhivery gains attention amid rising demand in logistics sector 🔑 Brokerage Insights - L&T: Consensus BUY with targets between ₹4,514 and ₹4,955 (7–17% upside) - REC Ltd: Multiple brokerages bullish, reaffirming ₹395 target - JSW Infra: Positive sentiment following QIP launch - Pharma & Auto (EV): Sun Pharma and Tata Motors highlighted as momentum stocks