India Market Open Summary
May 2, 2025
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 : 30-04-2025
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 1.52%, Dow Jones Futures CFD index gained by 0.82%.
- European Markets: FTSE up by 0.02%, CAC increased by 0.0%.
- Asian Markets: Taiwan Weighted rose by 1.8%, Hang Seng index up by 1.51%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
24,334.20
Previous Day Change:
0.00 (0.00%)
Intraday Supports:
24,112.30
Intraday Resistances:
24,507.10
- NIFTY50 is experiencing a consolidation phase with sideways movement
- Key resistance is at 24,425, while support is around 24,150
- A significant volume spike indicates potential for increased volatility
- A breakdown below 24,200 could trigger further bearish momentum
Bank Nifty Outlook
#StreetOpen
Previous Close:
55,087.15
Previous Day Change:
0.00 (0.00%)
Intraday Supports:
54,341.82
Intraday Resistances:
55,850.92
- Bank Nifty is in a current downtrend with recent lower highs and lower lows
- Key resistance is located at 55,350 with immediate support around 54,500
- Significant volume spike indicates strong selling pressure at the current level
- Indicators suggest potential further bearish movement if support at 54,500 breaks
Previous Day's Market Breadth
Total Advancing Stocks
593
Total Declining Stocks
2153
Advance-Decline Ratio
0.275
Get daily predictions and stock updates
Market Breadth
Advancing Sectors
9
Declining Sectors
11
Advance-Decline Ratio
0.818
Sector Rotation Analysis
Key Sector Trends
Finance
Nifty 50 remains positive despite volatility, with potential rally towards 24,800.
Finance
India's structural strengths attract foreign capital beyond EM baskets.
Oil & Gas
Crude oil prices fell 16% in April due to potential OPEC+ production hike.
Retailing
Zomato's growth hit by shift to quick commerce and reduced discretionary spending.
Pre-Market News
- S&P BSE SENSEX Index:BSE and NSE closed for Maharashtra Day; evening session open for commodity derivatives.
- Alan Scott Industries:Ashish Chugh sells 0.4% stake in Alan Scott Industries.
- S&P 500:Wall Street tumbles as weak GDP and trade turmoil spark recession fears.
- Nifty 50 Index:FIIs extend buying streak to 11th session, infuse Rs 50 crore in equities.
Stocks to Watch
Paras Defence
Q4 net profit up 97% at Rs 19.7 crore Vs Rs 10 crore, YoY.
Bandhan Bank
Q4 net profit at Rs 317.9 crore Vs Rs 54.60 crore, YoY.
NCC
The company bags order of Rs 1663 crore in April.
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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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