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 0.32%, S&P 500 CFD index gained by 0.03%.
- European Markets: FTSE CFD up by 0.11%, DAX CFD increased by 0.02%.
- Asian Markets: Nikkei 225 CFD fell by -1.72%, KOSPI index down by -0.82%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
25,289.90
Previous Day Change:
-241.25 (0.95%)
Intraday Supports:
24,817.98
Intraday Resistances:
25,463.28
- NIFTY50 exhibits a downtrend with lower highs and lower lows
- Immediate resistance is around 25,100, while support is near 25,000
- Volume spikes observed near 25,000 suggest potential buying interest
- A break below 25,000 could lead to further downside movement
Bank Nifty Outlook
#StreetOpen
Previous Close:
59,200.10
Previous Day Change:
-727.00 (1.23%)
Intraday Supports:
57,685.93
Intraday Resistances:
59,793.73
- Bank Nifty is exhibiting a downtrend with lower highs and lower lows
- Immediate support is around 58,200 while resistance is near 59,200
- A notable volume spike is observed near 58,300 indicating potential buying pressure
- A bearish momentum could continue unless a break above 59,000 occurs
Previous Day's Market Breadth
Total Advancing Stocks
874
Total Declining Stocks
2296
Advance-Decline Ratio
0.381
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
3
Declining Sectors
16
Advance-Decline Ratio
0.188
Sector Rotation Analysis
Key Sector Trends
Metals & Mining
Mining stocks in Asia gain as hard-asset trade gathers pace, led by materials producers.
Diamond & Jewellery
Gold tops $5,000 as global upheaval fuels precious metals rally, highlighting its role as a fear gauge.
Finance
Fund houses increase on-ground investor outreach as mutual fund industry scales up.
Manufacturing
Broader indices log biggest weekly decline in 4 months; over 200 small-caps see double-digit losses.
Pre-Market News
- Antony Waste Handling Cell:Antony Waste Handling Cell shares soared 13.8% to close at a four-month high amid high volumes.
- Cipla:Cipla focuses on tirzepatide as the best-in-class molecule for weight loss.
- Adani Enterprises:Adani Enterprises share price hits lower circuit, down 10%.
Stocks to Watch
ONGC
Company to acquire 50% stake in two Bharat Ethane IFSC firms via private placement.
Ashoka Buildcon
Company gets order worth Rs 308 crore from Public Works Department, Daman.
Interglobe Avi
Q3 net profit tumbles 77% to Rs 550 crore.
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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