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 1.07%, S&P 500 CFD index gained by 0.58%.
- European Markets: CAC up by 0.75%, DAX increased by 0.65%.
- Asian Markets: Taiwan Weighted rose by 1.78%, Nikkei 225 index up by 1.53%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
24,273.80
Previous Day Change:
-265.80 (1.10%)
Intraday Supports:
Intraday Resistances:
24,587.47
Bank Nifty Outlook
#StreetOpen
Previous Close:
54,365.65
Previous Day Change:
-770.40 (1.42%)
Intraday Supports:
53,641.05
Intraday Resistances:
55,299.55
- Bank Nifty is in a downtrend with lower highs and lower lows evident
- The key support level is around 53,500 while resistance is near 54,000
- Increased volume with a selling bias suggests potential for further bearish movement
- A break below 53,500 could trigger more downside pressure towards 53,200
Previous Day's Market Breadth
Total Advancing Stocks
1065
Total Declining Stocks
1738
Advance-Decline Ratio
0.613
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
17
Advance-Decline Ratio
0.176
Sector Rotation Analysis
Key Sector Trends
Capital Goods
Defence stocks are gaining traction due to rising India-Pakistan tensions, with Bharat Forge and Bharat Electronics seeing significant interest.
FMCG
FMCG companies like Britannia Industries are performing well, with better-than-expected Q4 results boosting investor confidence.
Real Estate
Real estate stocks are under pressure due to profit booking amid geopolitical tensions, with the Nifty Realty index experiencing significant losses.
Finance
Yes Bank shares rise as talks of a stake sale with SBI and a Japanese conglomerate progress, indicating potential strategic shifts.
Pre-Market News
- Tata Motors:Tata Motors shares extend upside for 3rd day, rises 3% as UK strikes trade deal with US.
- Larsen and Toubro:L&T shares jump 4% on beat Q4 results; analysts remain bullish citing a robust order pipeline.
- Nifty 50 Index:Smallcap, midcap indices tumble up to 2% amid rising India-Pak tensions.
Stocks to Watch
MCX India
Q4 net profit jumps 54.2% at Rs 135.5 crore Vs Rs 87.9 crore, YoY.
Kalyan Jeweller
Q4 net profit jumps 36% to Rs 188 crore, announces Rs 1.5 dividend.
Zee Entertainment
Q4 net profit soars to Rs 188 crore, firm declares Rs 2.43 dividend.
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
