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 0.19%, Dow Jones Futures CFD index gained by 0.12%.
- European Markets: CAC CFD up by 0.56%, FTSE CFD increased by 0.2%.
- Asian Markets: KOSPI rose by 3.32%, Nikkei 225 CFD index up by 3.22%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
26,328.55
Previous Day Change:
-9.75 (0.04%)
Intraday Supports:
26,040.72
Intraday Resistances:
26,483.92
- NIFTY50 is currently in a shortterm uptrend with a recent pullback
- Key support is at 26,250 while resistance is observed at 26,360
- A significant volume spike occurred at 26,100 indicating strong buying interest
- Breakout potential above 26,360 could lead to further bullish movements
Bank Nifty Outlook
#StreetOpen
Previous Close:
60,150.95
Previous Day Change:
12.50 (0.02%)
Intraday Supports:
59,565.48
Intraday Resistances:
60,496.48
- Bank Nifty is displaying a shortterm uptrend with recent fluctuations
- Resistance is observed around 60,320, while support is seen near 60,000
- A significant volume spike corresponds to a breakout attempt above 60,200
- Watch for a potential bullish reversal if price sustains above 60,250
Previous Day's Market Breadth
Total Advancing Stocks
1105
Total Declining Stocks
2002
Advance-Decline Ratio
0.552
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
Diamond & Jewellery
PCJ shares rise on strong Q3 update, focusing on retail expansion and debt-free status.
Software & IT Services
Infosys and HCLTech shares fall as CLSA downgrades expectations for IT sector's Q3 earnings.
Oil & Gas
RIL and ONGC shares rise on potential benefits from US lifting sanctions on Venezuelan crude.
Miscellaneous
Defence stocks soar due to expectations of sustained tensions after US raids Venezuela.
Pre-Market News
- Reliance Industries:RIL shares hit record high, ONGC jumps 2% after US raids Venezuela, analysts see potential benefits.
- Nifty 50 Index:Live: Will US-Venezuela tensions derail Nifty's upmove? | Oil stocks in focus | Opening Bell.
- Nifty 50 Index:First Tick: Top global cues to watch in today’s trade as FIIs turn net buyers.
- Nifty 50 Index:Market extends gain for second week, Nifty hits fresh high; rupee falls.
Stocks to Watch
Hero Motocorp
Total sales up 40% at 4.56 lakh units against 3.24 lakh units, YoY.
TVS Motor
Total sales up 50% at 4.81 lakh units versus 3.21 lakh units, YoY.
Time Techno
Gets PESO approval to manufacture & supply high pressure cylinders of 2 liter capacity.
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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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