India Market Open Summary

January 8, 2025

Indices

Name	Previous Close	Open	Change	Change (%)
GIFTNIFTY	23,694.00	23,738.50	81.50	0.34%
NIFTY50	23,616.05	23,679.90	91.85	0.39%
BANKNIFTY	49,922.00	50,061.20	280.15	0.56%
BSESENSEX	77,964.99	78,019.80	234.12	0.30%
INDVIX	15.65	15.65	-0.99	6.33%
GOLDFUT	2,665.4	2,663.1	-3.18	(-0.12%)
CRUDEOIL

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(Previous Day)

Top Gainers

Company Name	Last Price	Change	Change (%)	Volume	52 Weeks High
ONGC	254.36	259.15	3.79%	53.0m	267.40
SBILIFE	1,434.65	1,447.00	2.62%	2.4m	1,490.80
HDFCLIFE	605.95	606.00	2.31%	2.8m	620.70
TATAMOTORS	776.25	776.00	2.09%	15.5m	796.95
ADANIENT	2,474.45	2,474.65	2.03%	1.0m	2,525.00
RELIANCE	1,218.00	1,222.00	1.80%	10.1m	1,244.50
HINDALCO	574.10	573.05	1.68%	5.4m	588.40
BEL	282.15	282.15	1.51%	13.2m	288.20
ICICIBANK	1,264.10	1,266.50	1.31%	7.5m	1,288.95
NESTLEIND	2,185.00	2,190.20	1.10%	595.8k	2,216.30
ASIANPAINT	2,267.15	2,272.00	1.10%	740.8k	2,316.00
JSWSTEEL	900.90	901.55	1.09%	688.2k	913.70
LT	3,603.20	3,607.10	1.02%	1.5m	3,649.85
ULTRACEMCO	11,503.60	11,514.95	0.95%	197.2k	11,635.15
TATACONSUM	946.90	952.00	0.86%	2.4m	972.00
ADANIPORTS	1,163.05	1,163.05	0.80%	2.0m	1,182.15
TATASTEEL	132.18	132.78	0.76%	24.2m	133.88
BRITANNIA	4,791.25	4,804.95	0.70%	450.2k	4,885.80
INDUSINDBK	970.05	970.15	0.65%	3.6m	994.55
TITAN	3,470.40	3,490.00	0.59%	2.4m	3,576.70

Top Losers

Company Name	Last Price	Change	Change (%)	Volume	52 Weeks High
TRENT	6,998.35	7,010.20	-2.20%	601.4k	7,085.00
HCLTECH	1,953.05	1,960.00	-1.86%	2.5m	1,981.00
TCS	4,095.00	4,114.95	-1.56%	2.7m	4,140.35
EICHERMOT	5,250.10	5,250.10	-1.43%	439.7k	5,292.00
TECHM	1,686.30	1,693.00	-0.99%	1.3m	1,705.00
HEROMOTOCO	4,202.80	4,200.10	-0.88%	396.2k	4,224.85
BPCL	284.85	287.10	-0.72%	8.3m	290.50
SHRIRAMFIN	2,969.55	2,977.05	-0.52%	556.3k	3,022.00
KOTAKBANK	1,779.65	1,787.00	-0.51%	4.4m	1,797.45
INFY	1,937.85	1,945.00	-0.46%	4.3m	1,958.55
ITC	442.65	445.50	-0.35%	14.3m	447.60
MARUTI	11,755.65	11,755.65	-0.34%	308.1k	11,825.95
POWERGRID	306.00	306.00	-0.29%	10.1m	310.70
BAJAJFINSV	1,684.60	1,692.00	-0.27%	1.2m	1,703.65
M&M	3,105.70	3,110.00	-0.22%	2.0m	3,131.30
BAJAJ-AUTO	8,823.85	8,870.00	-0.19%	270.8k	8,887.95
WIPRO	294.30	294.30	-0.14%	7.4m	297.50
BAJFINANCE	7,349.35	7,354.95	-0.13%	1.0m	7,446.90

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.

Street View MarketOpen Highlights

#StreetOpen
- FIIs sold equities worth ₹1,491.46 crore on January 7. - DIIs bought equities worth ₹1,615.28 crore on the same day.

Global Markets Overview: Positive

Name	Open/Close	Previous Close	Open	Change	Change(%)
GIFT NIFTY	Asian	23,758.00	23,725.50	10.00	0.04
Nikkei 225	Asian	40,083.30	39,879.36	-140.35	-0.35
Straits Times	Asian	3,828.17	3,838.18	13.46	0.35
Hang Seng	Asian	19,447.58	19,390.76	-89.58	-0.46
Taiwan Weighted	Asian	23,651.27	23,522.29	-38.81	-0.16
KOSPI	Asian	2,492.10	2,481.25	29.32	1.18
SET Composite	Asian	1,390.88	1,375.29	0.00	0.00
Jakarta Composite	Asian	7,083.28	7,099.66	37.64	0.53
Shanghai Composite	Asian	3,229.64	3,218.86	-4.58	-0.14
FTSE	European	8,249.66	8,249.66	-4.38	-0.05
CAC	European	7,445.69	7,451.34	43.66	0.58
DAX	European	20,216.19	20,206.04	124.38	0.61
Dow Jones Futures CFD	US	42,528.36	42,809.71	6.37	0.01
S&P 500 CFD	US	5,975.38	6,002.09	-66.35	-1.11
Nasdaq CFD	US	19,864.98	19,928.95	-377.31	-1.90

Major global indices are showing positive trends, indicating a favorable environment for Indian markets.

U.S. Markets: Nasdaq CFD closed up by -1.9%, S&P 500 CFD index lost by -1.11%.
European Markets: DAX up by 0.61%, CAC increased by 0.58%.
Asian Markets: KOSPI rose by 1.18%, Jakarta Composite index up by 0.53%.

Nifty 50 Outlook

#StreetOpen

Previous Close:

23,707

Previous Day Change:

0.39%

Intraday Supports:

23,500

Intraday Resistances:

23,800

Note: Day traders advised to use level-based trading.

Nifty 50 opened higher at 23,680, peaked near 23,800, and closed at 23,708 (+92 points).
Formed a small bullish candlestick with a long upper shadow, resembling an Inside Bar pattern.
Signals an attempt at an upside bounce after recent weakness.
Resistance: 23,800; breakout could lead to further upside.
Support: 23,500

Bank Nifty Outlook

#StreetOpen

Previous Close:

50,202

Previous Day Change:

0.56%

Intraday Supports:

49,700

Intraday Resistances:

50,700

Note: Day traders advised to use level-based trading.

Bank Nifty gained 280 points to close at 50,202, forming an Inside Bar-like pattern resembling a Bullish Harami.
Trend remains bearish as long as it stays below the 200-day EMA (50,500) and SMA (50,700).
Holding above 49,750 may support a short-term pullback.
A decisive breakout above 50,700 is needed for a stronger rally.

Previous Day's Market Breadth

Total Advancing Stocks

2076

Total Declining Stocks

751

Advance-Decline Ratio

2.764

Sector Watch

Sector	Change (%)	Top Gainer	Top Loser	Key Observations
Diamond & Jewellery	(8.35%)	Goldiam Inter	Shoora Designs	Very Bullish
Containers & Packaging	(3.73%)	Perfect Pack	Rajasthan Cylin	- Neutral
Electricals	(2.23%)	-	MURAE-RE1	- Neutral
Logistics	(2.2%)	Aegis Logistics	Shahi Shipping	-
Textiles	(2.17%)	Dhanlaxmi Fabri	Mohit Ind	-
Photographic Products	(2.06%)	Choksi Imaging	Photoquip India	-
Trading	(1.89%)	Bombay Cycle	Sun Retail	-
Oil & Gas	(1.85%)	Deep Ind	Resgen	-
Manufacturing	(1.73%)	Sona Machinery	-	-
Chemicals	(1.68%)	DIC India	Sanathnagar Ent	-
Aviation	(1.66%)	Jaykay Ent	Global Vectra	- Neutral
Plastic Products	(1.42%)	Caprihans	Guj Toolroom	-
Ship Building	(1.41%)	Garden Reach Sh	ABS Marine	-
Infrastructure	(1.28%)	CMM Infraprojec	Silverpoint	-
Healthcare	(1.22%)	Syschem (India)	MURAE-RE1	- Neutral
Paper	(1.22%)	HWSL	Vapi Ent.	-
Real Estate	(1.21%)	Equinox India	Skyline Venture	- Neutral
Metals & Mining	(1.17%)	Samrat Forgings	East Coast Stee	-
Construction Materials	(1.17%)	Garuda Const	Lerthai Finance	-
Hospitality	(1.14%)	Ras Resorts	Naturewings Hol	- Neutral
ETF	(1.14%)	MO Nasdaq Q50	Nipp EquityHyb	-
Capital Goods	(1.13%)	Kirloskar Bros	KEC Intl	-
Diamond & Jewellery	(1.1%)	Goldiam Inter	Shoora Designs	-
Consumer Durables	(1.08%)	Comrade	Osel Devices	- Neutral
Insurance	(1.07%)	-	MURAE-RE1	-
Footwear	(1.07%)	Liberty Shoes	Amin Tannery	- Neutral
Agri	(1.05%)	United Nilgiri	Continental See	-
Media & Entertainment	(0.83%)	Bodhi Tree Mult	Vision Corp	-
Finance	(0.63%)	RKD Agri & Ret	Suvidhaa Info	-
FMCG	(0.62%)	Megastar Foods	IB Infotech Ent	- Neutral
Power	(0.56%)	Karma Energy	Promax Power	-
Miscellaneous	(0.53%)	-	MURAE-RE1	-
Banks	(0.47%)	IDBI Bank	UTKARSHBNK	-
Industrial Gases & Fuels	(0.46%)	Bhagwati Oxygen	Gagan Gases	-
Automobile & Ancillaries	(0.28%)	Indo Farm Equip	Goldstar Power	-
Diversified	(0.03%)	Exhicon Events	S H Kelkar	-
Alcohol	(-0.02%)	Som Distillerie	Fratelli Vineya	- Neutral
Telecom	(-0.05%)	Accord Synergy	ITI	-
Software & IT Services	(-0.77%)	Sagarsoft India	Varanium	-
Retailing	(-1.22%)	Cantabil Retail	Magson Retail	-

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

Declining Sectors

Advance-Decline Ratio

4.0

Sector Rotation Analysis

Healthcare and Real Estate gain attention as defensive plays.

Key Sector Trends

Software & IT Services

Digital innovation, AI, and cybersecurity remain key drivers of growth.

Infrastructure

Investments in highways and urban development continue, with a focus on renewable energy.

Manufacturing

Growth prospects remain strong, driven by government initiatives and a focus on precision engineering.

Finance

Digital lending and fintech innovation are shaping the sector, with focus on customer experience.

Sectors to Watch

Consumer Durables

Slower growth in 2025 anticipated due to slacking private capex and tepid demand.

Capital Goods

IPO listings continue to attract investor attention, with strong debuts expected for DAM Capital and Mamata Machinery.

Finance

Persistent FII selling pressures offset by consistent DII buying.

Sector- News

Banking

Indian banks funded over Rs 6,000 crore of coal expansion plans: Report.

Energy

India to be third-largest electricity consumer in the world by 2050: IEA.

Information Technology

IT hiring expected to surge 8.5% by next year with expanding demand: Report.

Pre-Market News

:GIFT Nifty indicates a muted start as US and Asian markets fall.
:US stocks tumble on upbeat economic data raising inflation concerns.
:Nifty above 23,700 with metals shining, IT drags ahead of Q3 earnings.
NCC:NCC shares soar 5% after Rs 501 crore order from Bengaluru Suburban Rail.

Stocks to Watch

Adani Wilmar

Q3 volume up 6% and revenue up by 33%, YoY

RBL Bank

Q3 total deposits up 15% YoY & down 1% QoQ and gross advances up 13% YoY & 3% QoQ

Vedanta

Aluminium production up 3% YoY & up 1% QoQ at 614 kt

M&M Financial

Overall disbursement up 7% YoY at Rs 16,450 crore and collection efficiency flat at 95%, YoY

Kotak Mahindra

Milind Nagnur resigns as COO & CTO w.e.f. February 15, 2025

Our Top Research Calls (Previous Day)

Symbol	Entry	Exit
BANKNIFTY 25JAN 50100 CE	1010.00	1167.00
NIFTY 09JAN25 23600 CE	209.00	0.00
BANKNIFTY 25JAN 50000 CE	1054.00	1250.00
NIFTY 09JAN25 23600 CE	240.00	270.00
TITAN 25JAN FUT	3551.00	3576.00

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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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