June 3, 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 : 02-06-2025
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 0.67%, S&P 500 CFD index gained by 0.41%.
- European Markets: DAX down by -0.28%, CAC decreased by -0.19%.
- Asian Markets: Hang Seng rose by 1.02%, Taiwan Weighted index up by 0.78%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
24,750.70
Previous Day Change:
-34.10 (0.14%)
Intraday Supports:
24,437.47
Intraday Resistances:
24,893.97
- The NIFTY50 is currently in a consolidation phase with no clear directional trend
- Immediate resistance is present at 24,760, while strong support is seen around 24,600
- Significant volume spike observed around 13:00 suggests notable selling pressure
- Potential bearish scenario if the index breaks below 24,600, targeting lower support levels
Bank Nifty Outlook
#StreetOpen
Previous Close:
55,749.70
Previous Day Change:
153.70 (0.28%)
Intraday Supports:
55,191.00
Intraday Resistances:
56,322.50
- Bank Nifty is currently in an uptrend as indicated by higher highs and moving averages
- Resistance is observed around 55,900, while support is seen at 55,700
- Significant volume spike occurred after 13:00, indicating strong buying interest
- A break above 55,900 could signal further bullish momentum towards 56,000
Previous Day's Market Breadth
Total Advancing Stocks
1529
Total Declining Stocks
1402
Advance-Decline Ratio
1.091
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
13
Advance-Decline Ratio
0.538
Sector Rotation Analysis
Key Sector Trends
Finance
India aims to increase dividends from state-run firms to Rs 90,000 crore by March 2026.
Finance
Foreign institutional investors continue to sell equities, while domestic investors maintain buying momentum.
Real Estate
PSU Banks and Realty sectors show significant gains, outperforming other sectors.
FMCG
FMCG stocks rise due to a cut in crude edible oil import duty.
Sectors to Watch
Sector - News
Real Estate
Realty and PSU Banks lead market recovery with significant gains.
FMCG
FMCG stocks rise up to 3% on import duty cut for crude edible oils.
Aviation
Interglobe doubles wide-body Airbus order, expanding its fleet significantly.
Pre-Market News
- NIFTY:GIFT Nifty hints a positive start as US and Asian markets gain.
- FIIs sell equities worth Rs 2,589 crore while DIIs buy Rs 5,313 crore.
- Glenmark:Glenmark's myeloma drug shows high response in phase-1 trial.
Stocks to Watch
Biocon
Company gets approval for diabetes drug Liraglutide in India
M&M
Company board approves fund raising of Rs 300 crore through preferential allotment
Torrent Power
Company signs long-term LNG supply agreement with BP Singapore for up to 0.41 MMTPA from 2027 to 2036
Our Top Research Calls (Previous Day)
Which Stock Should You Buy in Your Next Trade?
Get Started Now
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.
New to trading? Our hand-holding support makes getting started easy!
Join Streetgains Today! Pay for Successful Research Calls - Credit Based Subscription.
Get Started Now
