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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: S&P 500 CFD opened up by 0.85%, Nasdaq CFD index gained by 0.72%.
- European Markets: CAC CFD down by -0.47%, DAX CFD decreased by -0.29%.
- Asian Markets: KOSPI rose by 1.51%, Jakarta Composite CFD index up by 1.35%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
25,005.50
Previous Day Change:
108.50 (0.43%)
Intraday Supports:
24,897.17
Intraday Resistances:
25,091.47
- The NIFTY50 is exhibiting a shortterm uptrend with higher highs and higher lows noted
- Key resistance is around 25,120 while immediate support lies at 25,060
- A significant volume spike occurred, indicating strong buying interest around midday
- A break above 25,120 could signal further bullish movement towards 25,140
Bank Nifty Outlook
#StreetOpen
Previous Close:
54,669.60
Previous Day Change:
139.70 (0.26%)
Intraday Supports:
54,254.77
Intraday Resistances:
54,964.87
- Bank Nifty is displaying a mild uptrend with consistent higher lows
- Resistance is observed around 54,850 while support stands firm near 54,600
- A notable volume spike occurred at 54,820 indicating potential selling pressure
- If momentum holds above 54,850, a bullish breakout could ensue
Previous Day's Market Breadth
Total Advancing Stocks
1561
Total Declining Stocks
1482
Advance-Decline Ratio
1.053
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
11
Declining Sectors
9
Advance-Decline Ratio
1.222
Sector Rotation Analysis
Key Sector Trends
Capital Goods
HFCL shares rise as Andhra govt allots land for defence manufacturing facilities.
Software & IT Services
TCS and C-DAC partner to develop India's sovereign cloud ecosystem for AI-enabled innovations.
Oil & Gas
Oil prices extend losses due to oversupply and US demand concerns.
Automobile & Ancillaries
Auto stocks rise as Citi cites macro tailwinds like lower interest rates and tax changes.
Sectors to Watch
Sector - News
Finance
Infosys shares jump on higher-than-expected share buyback.
Ship Building
GRSE, Mazagon Dock, and other defence stocks rally on order wins.
Consumer Durables
Luggage makers VIP and Safari benefit from travel surge and premiumisation.
Pre-Market News
- Mrs. Bectors:Mrs. Bectors stock falls 0.9% as it trades ex-dividend today; investors to get Rs 3 per share payout.
- Cochin Shipyard:Cochin Shipyard stock jumps 5.3%, trades ex-dividend today; shareholders to get Rs 2.25 per share final payout.
- Garden Reach Shipbuilders:Garden Reach Shipbuilders stock jumps 8.8% even as it trades ex-dividend today; investors to get Rs 4.9 per share.
Stocks to Watch
CCCL
Company receives multiple orders for constructing buildings & factories worth Rs 180 crore.
Bharat Forge
Company announces strategic MoU with Windracers to advance UAV operations in India.
Cohance Life
USFDA concludes inspection at manufacturing facility at Andhra Pradesh with zero observation.
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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