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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: Nasdaq CFD opened up by 0.87%, S&P 500 CFD index gained by 0.69%.
- European Markets: FTSE CFD up by 0.19%, CAC CFD increased by 0.08%.
- Asian Markets: Shanghai Composite CFD rose by 0.34%, Straits Times CFD index up by 0.32%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
26,215.55
Previous Day Change:
-9.45 (0.04%)
Intraday Supports:
26,054.08
Intraday Resistances:
26,391.18
- NIFTY50 is displaying a shortterm uptrend, indicated by higher highs and lows
- Immediate resistance is around 26,275, with support near 26,150 observed
- Volume surged during the initial uptrend phase, showing strong buying interest
- Potential for bullish movement if 26,275 is breached, targeting higher levels
Bank Nifty Outlook
#StreetOpen
Previous Close:
59,737.30
Previous Day Change:
17.80 (0.03%)
Intraday Supports:
59,365.37
Intraday Resistances:
60,052.57
- Bank Nifty is in a sideways consolidation with fluctuations between 59,600 and 59,900
- Key support is at 59,600 while resistance is observed at 59,900
- Momentum and volume spikes suggest a potential shift if breached above resistance
- Watch for a bullish breakout above 59,900 or bearish movement if it drops below 59,600
Previous Day's Market Breadth
Total Advancing Stocks
1529
Total Declining Stocks
1556
Advance-Decline Ratio
0.983
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
7
Declining Sectors
12
Advance-Decline Ratio
0.583
Sector Rotation Analysis
Key Sector Trends
Aviation
India's defence pilot training ecosystem is emerging as a major opportunity, mirroring trends in civil aviation.
Metals & Mining
Hindustan Zinc benefits from surging silver prices, extending gains for the fourth session.
Software & IT Services
Jefferies remains skeptical about IT stocks rebound due to growth worries and AI-related uncertainty.
Finance
Nifty and Sensex hit new highs, but broader market still healing, needing a rally across sectors.
Sectors to Watch
Sector - News
Healthcare
Zydus Lifesciences gains on tentative USFDA approval for diabetes drug.
Finance
Reliance Industries hits fresh 52-week high with double-digit growth in core businesses.
Diamond & Jewellery
PN Gadgil Jewellers expects strong demand momentum during wedding season.
Pre-Market News
- Nectar Lifesciences:Nectar Lifesciences shares jump 20% as firm's board set to consider share buyback on Dec 3.
- Reliance Industries:Reliance Industries share price hits fresh 52-week high as Jefferies reiterates buy.
- Nifty 50 Index:Live: Can Nifty continue to step up its move to fresh peaks? | Opening Bell.
- Nifty 50 Index:First Tick: Top global cues to watch in today’s trade.
Stocks to Watch
Ashoka Buildcon
Company temporarily suspended from participating in ongoing/future bids of NHAI for 1 month.
Zydus Life
Company gets tentative approval from USFDA for Empagliflozin & Linagliptin tablets.
Wipro
Company announces partnership with Netherlands-based company Odido for AI-enabled end-to-end IT modernization.
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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