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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 closed up by -0.4%, Nasdaq CFD index lost by -0.34%.
- European Markets: CAC CFD up by 0.28%, DAX CFD increased by 0.16%.
- Asian Markets: Shanghai Composite CFD rose by 1.43%, KOSPI index up by 0.85%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
Previous Day Change:
Intraday Supports:
24,998.68
Intraday Resistances:
25,196.18
- The NIFTY50 is currently in a downtrend following a sharp decline after a peak around 25,140
- Immediate resistance is near 24,940, with key support around 24,850
- A significant volume spike occurred during the sharp drop, indicating increased selling pressure
- Potential bearish continuation if the index breaks below 24,850 support, targeting the lower levels
Bank Nifty Outlook
#StreetOpen
Previous Close:
Previous Day Change:
Intraday Supports:
55,533.65
Intraday Resistances:
56,104.55
- Bank Nifty is in a downtrend with lower highs and lows
- Key resistance is at 55,300 while support lies around 55,050
- A significant volume spike occurred during the selloff
- Potential bearish continuation if price breaks below 55,050
Previous Day's Market Breadth
Total Advancing Stocks
1178
Total Declining Stocks
1762
Advance-Decline Ratio
0.669
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
5
Declining Sectors
15
Advance-Decline Ratio
0.333
Sector Rotation Analysis
Key Sector Trends
Software & IT Services
Wipro's acquisition of Harman's DTS business is seen as margin-dilutive, with brokerages maintaining a neutral stance.
Infrastructure
Ircon secures a project worth Rs 510.5 crore from the Meghalaya government for constructing Eklavya Model Residential Schools.
Metals & Mining
Hindalco's Rs 18,000 crore capex in FY25 is the highest in a decade, with plans to quadruple EBITDA by FY30.
Finance
Urban infra lender Hudco is on track to exceed its annual loan book guidance of Rs 1.5 lakh crore during Q3FY25.
Pre-Market News
- Divis Laboratories:Divis Laboratories jumps 3% as Citi sees 28% upside, citing buying opportunity.
- Apollo Hospitals Enterprises:Apollo Hospitals hits all-time high of Rs 7,960 on NSE, showcasing strong financials.
- Ipca Laboratories:Ipca Laboratories rises 2.17% in today's trading session.
- Defence stocks:Defence stocks jump up to 10% after Russia's fresh attacks on Ukraine.
Stocks to Watch
Wipro
Company to acquire 100% stake in Harman Connected Services for USD 375 million.
Texmaco Rail
Company bags order worth Rs 103 crore for BCBFG Wagons & BVCM Brake Van from Leap Grain Rail Logistics.
Hindustan Foods
Company to buy 25.07% of Asar Green for Rs 5 crore.
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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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