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: S&P 500 CFD opened up by 0.3%, Nasdaq CFD index gained by 0.18%.
- European Markets: DAX CFD up by 0.84%, CAC CFD increased by 0.43%.
- Asian Markets: Straits Times CFD fell by -0.43%, KOSPI index down by -0.19%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
25,986.00
Previous Day Change:
47.75 (0.18%)
Intraday Supports:
25,805.70
Intraday Resistances:
26,156.60
- NIFTY50 is currently in a consolidation phase after an initial downtrend, settling around 26,010
- Key support is seen at 25,960, while resistance stands at 26,050
- Significant volume spikes are observed during the early selling phase, with a momentum shift towards recovery
- The index may face bearish pressure if it fails to break above 26,050
Bank Nifty Outlook
#StreetOpen
Previous Close:
59,348.25
Previous Day Change:
-59.55 (0.10%)
Intraday Supports:
58,740.42
Intraday Resistances:
59,718.82
- Bank Nifty is recovering from a downtrend, showing signs of a potential reversal
- Immediate resistance is at 59,480 while support is around 59,120
- Volume spikes occurred during the uptrend, indicating strong buying pressure
- A move above 59,480 could trigger further bullish momentum
Previous Day's Market Breadth
Total Advancing Stocks
1156
Total Declining Stocks
1637
Advance-Decline Ratio
0.706
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
12
Declining Sectors
8
Advance-Decline Ratio
1.5
Sector Rotation Analysis
Key Sector Trends
Finance
RBI cuts repo rate by 25 bps to 5.25%, signaling a focus on growth amid easing inflation.
FMCG
HUL's stock adjusts post Kwality Wall's ice-cream business spin-off, indicating strategic restructuring.
Hospitality
ITC Hotels sees large trade deal as British American Tobacco offloads stake, impacting market dynamics.
Real Estate
Nifty Realty and PSU Bank indices gain, reflecting positive sentiment in real estate and public sector banking.
Pre-Market News
- Hindustan Unilever Limited:HUL stock adjusts to Rs 2,422 after Kwality Wall's ice-cream business spin-off.
- ITC Hotels:ITC Hotels shares trade flat as 9% equity worth Rs 3,856 crore changes hands; British American Tobacco likely seller.
- Nifty 50 Index:Nifty's move hinges on RBI rate decision with expectations of a 25-basis-point rate cut.
- Petronet LNG:Petronet LNG shares gain 4% after firm inks 15-year deal with ONGC for ethane facilities.
Stocks to Watch
Bank of Maharashtra
Government to divest up to 6% stake in Bank of Maharashtra via OFS.
Bharat Dynamics
Company secures additional orders worth Rs 2,462 crore from The Indian Army.
Force Motors
Total sales up 53% at 2,883 units versus 1,885 units, YoY.
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
