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: S&P 500 CFD opened up by 0.41%, Nasdaq CFD index gained by 0.22%.
- European Markets: DAX CFD up by 0.53%, FTSE CFD increased by 0.24%.
- Asian Markets: Taiwan Weighted rose by 0.64%, Nikkei 225 CFD index up by 0.55%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
26,142.10
Previous Day Change:
-99.80 (0.38%)
Intraday Supports:
26,053.77
Intraday Resistances:
26,280.57
- The NIFTY50 is in a clear downtrend with lower highs and lower lows
- Immediate resistance is at 26,080, while support is observed at 26,000
- Significant volume spike is noted around the decline near 14:45
- A break below 26,000 could trigger further bearish movement
Bank Nifty Outlook
#StreetOpen
Previous Close:
59,183.60
Previous Day Change:
-172.25 (0.29%)
Intraday Supports:
58,900.10
Intraday Resistances:
59,619.90
- Bank Nifty is in a clear downtrend with consistently lower highs and lows
- Key support is around 58,920, with resistance near 59,200
- Volume spikes indicate increased selling pressure, particularly during larger downward moves
- A break below 58,920 could trigger further bearish momentum
Previous Day's Market Breadth
Total Advancing Stocks
1285
Total Declining Stocks
1871
Advance-Decline Ratio
0.687
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
6
Declining Sectors
14
Advance-Decline Ratio
0.429
Sector Rotation Analysis
Key Sector Trends
Miscellaneous
AMSL shares gain on a significant order win, highlighting growth in electronic and engineering systems.
Software & IT Services
IT stocks face volatility due to a mix of earnings momentum, global demand, and rising talent costs.
Metals & Mining
Hindustan Copper benefits from India's growing demand for critical minerals in renewable energy and technology sectors.
Miscellaneous
Digital gold volumes remain strong as investors opt for small investments amid rising physical gold prices.
Pre-Market News
- Infosys:IT stocks fall up to 3% after Infosys hikes entry-level salaries.
- Shriram Finance:Shriram Finance shares fall 2% on profit-booking after 6-day gains over MUFG deal.
- Tata Steel:Tata Steel shares fall 1% as subsidiaries face €1.4 billion in claims over hazardous emissions in Netherlands.
- S&P BSE SENSEX Index:Sensex declines 350 pts, Nifty below 26,050 due to FII selling and rising crude oil prices.
Stocks to Watch
Supreme Industries
Company receives LoA from Bharat Petroleum for supply of LPG cylinders
Castrol India
Motion JVCo, Stonepeak, CPP Investment board make open offer to buy 26% stake
Panacea Biotec
Receives LoA from UNICEF for supply of Pentavalent vaccine
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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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