India Market Open Summary
Invalid date
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 0.67%, S&P 500 CFD index gained by 0.64%.
- European Markets: FTSE CFD down by -0.71%, CAC CFD decreased by -0.16%.
- Asian Markets: KOSPI rose by 0.56%, SET Composite index up by 0.47%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
26,178.70
Previous Day Change:
-37.95 (0.14%)
Intraday Supports:
26,043.27
Intraday Resistances:
26,341.67
- NIFTY50 is currently in a downtrend despite a recent upward correction
- Key resistance is at 26,200 with immediate support at 26,060
- Volume spikes around the 26,080 level suggest accumulation
- A break above 26,200 could signal a shift from bearish to bullish momentum
Bank Nifty Outlook
#StreetOpen
Previous Close:
60,118.40
Previous Day Change:
-127.55 (0.21%)
Intraday Supports:
59,629.20
Intraday Resistances:
60,549.60
- Bank Nifty is showing recovery from a downtrend with recent gains near 59,980
- Key resistance is around 60,150 with support at 59,800
- A volume spike midsession indicates strong buying interest around 59,750
- Breaking 60,100 could trigger a bullish move towards 60,300
Previous Day's Market Breadth
Total Advancing Stocks
1578
Total Declining Stocks
1551
Advance-Decline Ratio
1.017
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
7
Declining Sectors
13
Advance-Decline Ratio
0.538
Sector Rotation Analysis
Key Sector Trends
Miscellaneous
Hindustan Zinc shares drop as silver prices fall significantly, impacting silver ETFs.
Healthcare
Cipla shares decline due to US FDA observations on its partner Pharmathen.
Banks
HDFC Bank's large trade results in a stock fall, extending its losing streak.
Hospitality
Indian Hotels shares fall after Morgan Stanley downgrades its rating.
Pre-Market News
- HDFC Bank:HDFC Bank sees Rs 1,756 crore equity stake change hands, stock falls 1.5%.
- Indian Hotels:Indian Hotels shares fall 3% after Morgan Stanley downgrade.
- Meesho:Meesho hits 5% lower circuit after lock-in expiry, down 32% from December high.
Stocks to Watch
Yes Bank
Gets NSDL approval to transfer demat undertaking under retail division to Yes Securities (India).
Lodha Developer
Pre-sales up 25% at Rs 5,620 crore versus Rs 4,510 crore, YoY.
Biocon
Arm to introduce 3 new oncology biosimilars at a healthcare conference in US.
Our Top Research Calls (Previous Day)
Which Stock Should You Buy in Your Next Trade?
Get Started Now
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.
New to trading? Our hand-holding support makes getting started easy!
Join Streetgains Today! Pay for Successful Research Calls - Credit Based Subscription.
Get Started Now
