📈 Market Pulse: GIFT Nifty Opens Strong, Global Tech Rally Boosts Sentiment

🌍 Global Market Snapshot ✅ US tech leads gains: Nasdaq +1.2%, S&P 500 +0.58%, Dow Jones slips -0.14% ⚡ Europe mixed: DAX down 1.62%, CAC 40 falls 0.95%, FTSE steady 📊 Asia shows mixed trends: Nikkei +0.47%, Hang Seng +0.98%, CSI 300 dips 0.52% 💰 Commodities steady: Brent crude near $105.3/barrel, gold at ₹4,700/oz, silver ₹87/oz 📌 Yesterday’s Close (May 13) 🏦 Sensex edged up 50 points to 74,609 (+0.07%) 🏭 Nifty 50 gained 33 points to 23,413 (+0.14%) 💳 Bank Nifty slipped 0.5% to 53,450 💸 Rupee hit a record low at ₹95.70/USD 🚦 India VIX above 19 signals elevated market caution 💼 Earnings Watch Today , JSW Steel, , Tata Motors PV, Muthoot Finance, United Spirits, Apollo Tyres, Vishal Mega Mart, Voltas, Data Patterns, HUDCO 📈 GIFT Nifty Opening 🔑 Current level: ~23,573, up 81 points 🔍 Market Drivers ✅ US tech rally lifting investor mood ✅ Crude oil prices steady but remain elevated ⚠️ Rupee weakness and foreign institutional investor (FII) selling pose headwinds 💰 FII & DII Activity (May 13) 📉 FIIs net sellers at ₹4,703 crore 📈 DIIs net buyers at ₹5,869 crore Sector Flow Highlights 🏭 FIIs trimming exposure in IT, financials, and energy sectors 🌱 DIIs backing pharma, FMCG, and select banking stocks 🚦 Risks & Outlook ⚠️ Geopolitical tensions: US–Iran conflict and Trump–Xi discussions ⚠️ Currency pressure with rupee at historic lows Technical Levels to Watch 📌 Nifty support: 23,000–23,200 | resistance: 23,800 📌 Bank Nifty support: 52,700–52,400 | resistance: 54,100–54,400