India Market Open Summary
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Indices
Note :
- 'Open' prices are based on pre-market indicators and may differ slightly at actual market open.
- Traders are advised to wait for the first 30 minutes of trading to gauge market direction more accurately.
- Always use proper risk management techniques, especially on days with higher volatility.
Top Gainers and Losers :
Top Gainers
Top Losers
Note :
- Last Price and Change are as of market open.
- Volume represents the number of shares traded in the first 15 minutes of trading.
- 52-Week High and Low are based on the previous trading day's close.
Global Markets Overview: Positive
Major global indices are showing positive trends, indicating a favorable environment for Indian markets.
- U.S. Markets: Nasdaq CFD opened up by 0.13%, S&P 500 CFD index gained by 0.11%.
- European Markets: DAX CFD up by 0.48%, CAC CFD increased by 0.25%.
- Asian Markets: KOSPI rose by 1.74%, Shanghai Composite CFD index up by 0.69%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
26,033.75
Previous Day Change:
152.70 (0.59%)
Intraday Supports:
25,864.35
Intraday Resistances:
26,182.95
- NIFTY50 is in a moderate uptrend with higher highs and higher lows visible
- Significant resistance is observed around 26200, while support is strong at 26050
- A notable volume spike occurred at the 26100 level indicating buying interest
- Breaking above 26200 could suggest further bullish momentum in the near term
Bank Nifty Outlook
#StreetOpen
Previous Close:
59,288.70
Previous Day Change:
488.50 (0.82%)
Intraday Supports:
58,813.30
Intraday Resistances:
59,786.40
- Bank Nifty is currently in an uptrend as indicated by higher highs and higher lows
- Immediate support is identified at 59,600 with resistance around 59,850
- Noticeable volume spikes occurred during the morning session, suggesting strong buying interest
- A sustained move above 59,850 could lead to further bullish momentum, targeting 60,000
Previous Day's Market Breadth
Total Advancing Stocks
1335
Total Declining Stocks
1769
Advance-Decline Ratio
0.755
Sector Watch
Note :
- Sector performance is based on the first 30 minutes of trading.
- Individual stock movements within sectors may vary.
- Investors should consider their risk appetite and investment horizon before making decisions based on short-term sector movements.
Get daily predictions and stock updates
Market Breadth
Advancing Sectors
15
Declining Sectors
5
Advance-Decline Ratio
3.0
Sector Rotation Analysis
Key Sector Trends
Miscellaneous
Central banks face challenges with inflation theories as old assumptions become unreliable.
Aviation
IndiGo faces significant operational challenges with over 1,000 flight cancellations.
Finance
RBI's rate cut and a falling rupee create a complex environment for India's markets.
Real Estate
Realty and banking stocks rise following RBI's 25 bps rate cut announcement.
Sectors to Watch
Sector - News
Aviation
IndiGo continues to face challenges with massive flight cancellations.
FMCG
Hindustan Unilever's stock adjusts post Kwality Wall's ice-cream business spin-off.
Manufacturing
SKF India shares list at a discount following the demerger of its automotive business.
Pre-Market News
- IndiGo:IndiGo cancels all domestic flights from Delhi until midnight, extending recent cancellations beyond 1,000.
- Hindustan Unilever:Hindustan Unilever falls up to 7% as stock adjusts for Kwality Wall's ice-cream business spin-off.
- SKF India:SKF India shares list at 3% discount after demerger of its automotive business.
- Moore Threads:Chinese chipmaker Moore Threads shares soar 502% after $1.1 billion IPO.
Stocks to Watch
Bank of Maharashtra
Government to divest up to 6% stake in Bank of Maharashtra via OFS.
Bharat Dynamics
Company secures additional orders worth Rs 2,462 crore from The Indian Army.
Force Motors
Total sales up 53% at 2,883 units versus 1,885 units, YoY.
Our Top Research Calls (Previous Day)
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About Author
Santhosh Kumar V.
Founder, CEO Streetgains
Santhosh is a technical analyst, market researcher, educator and trader with 10+ years of experience. He is an expert in the area of patterns, price and time analysis as it applies to futures, Forex, and stocks.
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