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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 0.27%, Nasdaq CFD index gained by 0.09%.
- European Markets: DAX down by -1.03%, CAC decreased by -1.0%.
- Asian Markets: SET Composite rose by 0.96%, Jakarta Composite index up by 0.6%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
25,355.25
Previous Day Change:
-205.40 (0.81%)
Intraday Supports:
N/A
Intraday Resistances:
N/A
- NIFTY50 is in a clear downtrend with lower highs and lower lows
- Key support level is seen around 25,100, with resistance near 25,200
- Significant volume spike observed around 10:00, indicating potential momentum shift
- A break below 25,100 could trigger further bearish movement
Bank Nifty Outlook
#StreetOpen
Previous Close:
56,956.00
Previous Day Change:
-201.30 (0.35%)
Intraday Supports:
56,591.67
Intraday Resistances:
57,545.87
- Bank Nifty is in a clear downtrend with consistent lower highs and lows
- Key resistance is visible at 57,040 while immediate support is around 56,560
- Significant volume spikes occurred near the 56,600 level indicating strong selling pressure
- A break below 56,560 could lead to further bearish movement
Previous Day's Market Breadth
Total Advancing Stocks
1030
Total Declining Stocks
1891
Advance-Decline Ratio
0.545
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
2
Declining Sectors
18
Advance-Decline Ratio
0.111
Sector Rotation Analysis
Key Sector Trends
Software & IT Services
IT sector faces challenges as TCS Q1 results show continued struggles, impacting large-cap IT players.
Automobile & Ancillaries
Automobile sector sees competition heating up with Tesla's India launch and Hyundai's expansion plans.
Healthcare
Healthcare sector gains as Glenmark Pharma's stock soars after a major cancer drug licensing deal.
Telecom
Telecom sector under pressure as UBS downgrades Vodafone and Airtel due to expensive valuations.
Sectors to Watch
Sector - News
Software & IT Services
TCS Q1 results disappoint, leading to a decline in IT stocks including Infosys and Wipro.
Automobile & Ancillaries
M&M emerges as the largest electric car player in India despite market pressures.
Healthcare
Glenmark Pharma's shares rally after a significant licensing deal for its cancer drug.
Pre-Market News
- Tata Consultancy Services:TCS Q1 results impact market as Sensex drops 700 pts, Nifty below 25,200.
- Glenmark Pharma:Glenmark Pharma surges as cancer drug deal sends stock soaring.
- Hindustan Zinc:Hindustan Zinc jumps 1.5% as silver hits lifetime high.
- Bosch:Bosch shares rise 2.06% in morning trade, among top gainers on Nifty Next 50.
Stocks to Watch
Tata Consultancy Services
Q1 net profit rises 6% to Rs 12,760 crore, announces Rs 11 dividend.
Zee Entertainment
Investors reject proposal to issue warrants to key shareholder entities.
Aegis Logistics
To transfer LPG terminal to Aegis Vopak terminals for Rs 428 crore.
Our Top Research Calls (Previous Day)
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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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