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: Negative
Major global indices are showing negative trends, indicating a unfavorable environment for Indian markets.
- U.S. Markets: S&P 500 CFD closed up by -0.35%, Nasdaq CFD index lost by -0.25%.
- European Markets: DAX CFD up by 0.27%, FTSE CFD increased by 0.05%.
- Asian Markets: Hang Seng CFD fell by -1.48%, Jakarta Composite CFD index down by -0.62%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
25,960.55
Previous Day Change:
-120.90 (0.47%)
Intraday Supports:
25,724.05
Intraday Resistances:
26,296.95
- NIFTY50 is in a downtrend with lower highs and lower lows visible on the chart
- Resistance is observed around 25,950 while support is holding at 25,800
- A significant volume spike around 13:00 suggests strong selling pressure
- Further bearish movement might occur if support at 25,800 is breached
Bank Nifty Outlook
#StreetOpen
Previous Close:
59,238.55
Previous Day Change:
-16.20 (0.03%)
Intraday Supports:
58,644.88
Intraday Resistances:
60,009.98
- Bank Nifty is exhibiting a downtrend, transitioning into consolidation around the 59,200 mark
- Key support is at 58,950, with resistance near 59,350
- Volume spikes are notable during support tests, indicating potential accumulation
- A break above 59,350 could signal a bullish reversal, while a dip below 58,950 may continue the bearish momentum
Previous Day's Market Breadth
Total Advancing Stocks
1685
Total Declining Stocks
1243
Advance-Decline Ratio
1.356
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
10
Declining Sectors
10
Advance-Decline Ratio
1.0
Sector Rotation Analysis
Key Sector Trends
Aviation
IndiGo faces operational challenges as the government mandates a 10% reduction in flights to stabilize operations.
Miscellaneous
AI's rapid growth is leading to an energy crisis, with data centers potentially consuming 20% of global electricity by 2035.
Power
Adani Green Energy sees a significant equity stake sale by TotalEnergies, impacting market dynamics.
Finance
India's IPO market is booming with a pipeline of Rs 2.55 lakh crore, indicating strong investor interest.
Sectors to Watch
Sector - News
Infrastructure
GPT Infraprojects secures a significant order from North Eastern Railway, boosting its market position.
Infrastructure
Highway Infrastructure wins a major contract from NHAI, enhancing its project portfolio.
Power
GQG Partners sells a stake in JSW Energy, impacting share prices with a notable decline.
Pre-Market News
- IndiGo:IndiGo shares fall 2% after government orders airline to cut 10% of flights.
- Adani Green Energy:Adani Green Energy sees 1.7% equity stake sold for Rs 2,718 crore; TotalEnergies likely seller.
- Nifty 50 Index:Nifty eyes broader market volatility with focus on FOMC outcome and global cues.
Stocks to Watch
Zydus Life
Company partners with Formycon for licensing & supply of Keytruda in US & Canada.
Dilip Buildcon
Nalco awards MDO contract for Pottangi mines to Dilip Buildcon for 25 years.
Highway Infra
Company receives order worth Rs 328 crore from NHAI.
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
