Nifty is expected to open with a gap up

📈 Market Outlook at a Glance Nifty is expected to open with a gap up, supported between 23,700 and 23,900, while resistance lies in the 24,200–24,300 zone. The Put-Call Ratio (PCR) at ~1.20 signals bullish sentiment among traders. 💰 FII & DII Flows Highlight Divergent Trends - Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth ₹1,843 Cr yesterday. - Domestic Institutional Investors (DIIs) stepped in strongly, buying ₹3,637 Cr, providing market support. 🌍 Global Cues Driving Momentum - US markets closed higher: Dow +0.35% at 51,849. - European indices also edged up: FTSE +0.18%, DAX +0.22%, CAC +0.15%. - Asian markets opened robustly, with Nikkei surging +1.28% today. - Brent crude hovers near $73.4/bbl, keeping energy costs stable. 📊 Indian Market Performance Snapshot (June 24 Close) - Sensex surged 791 points (+1.04%) to 76,991. - Nifty 50 climbed 198 points (+0.83%) to 24,021. - Bank Nifty gained 966 points (+1.69%) to 58,021. - GIFT Nifty is poised to open gap up by ~70 points, around 24,098–24,122. - India VIX at 13.9 suggests mild volatility, reflecting cautious optimism. 🚦 Key Derivatives & Technical Signals - PCR (Open Interest) at ~1.20 reinforces bullish undertones. - Critical support and resistance levels remain intact for both Nifty and Bank Nifty, guiding intraday moves. 📌 Stocks Under the Spotlight Today - Equitas Small Finance Bank approved ₹1,750 Cr capital raise. - Zydus Wellness expands VMS business through its Ireland subsidiary. - Trent bids farewell to Chairman Noel Tata. - IRCON’s JV clinched a ₹200 Cr order. - JSW Cement rated BUY by brokers with a target range of ₹146–₹150. 🏦 Brokerage Insights Worth Watching - Kotak Mahindra Bank: Axis Direct recommends BUY with a target of ₹500 (~23% upside). - InterGlobe Aviation (IndiGo): ICICI Securities bullish at ₹6,020 target (~16% upside). - Avenue Supermarts (DMart): Geojit BNP Paribas advises BUY, targeting ₹5,063 (~17% upside).