June 4, 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 : 03-06-2025
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 0.81%, S&P 500 CFD index gained by 0.58%.
- European Markets: DAX up by 0.67%, CAC increased by 0.34%.
- Asian Markets: KOSPI rose by 2.37%, Taiwan Weighted index up by 2.01%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
24,716.60
Previous Day Change:
-174.10 (0.70%)
Intraday Supports:
Intraday Resistances:
- NIFTY50 is in a downtrend with lower highs and lower lows visible
- Immediate support is around 24500 while resistance is near 24680
- Significant volume spike observed during the sharp drop at 24,600 indicating strong selling pressure
- A break below 24500 could lead to further bearish continuation
Bank Nifty Outlook
#StreetOpen
Previous Close:
55,903.40
Previous Day Change:
-303.45 (0.54%)
Intraday Supports:
55,033.45
Intraday Resistances:
56,444.65
- Bank Nifty is currently in a consolidation phase with minor fluctuations
- Key support is seen at 55,500, while resistance is around 55,800
- Significant volume spike observed near the 55,950 level, indicating potential interest
- A breach below 55,500 could lead to further bearish movement
Previous Day's Market Breadth
Total Advancing Stocks
1224
Total Declining Stocks
1696
Advance-Decline Ratio
0.722
Get daily predictions and stock updates
Market Breadth
Advancing Sectors
0
Declining Sectors
20
Advance-Decline Ratio
0.0
Sector Rotation Analysis
Key Sector Trends
Software & IT Services
Stocks like Tata Technologies and Indegene are in focus, indicating a potential interest in the Software & IT Services sector.
Banks
HDFC Bank and Yes Bank are among the stocks to watch, highlighting activity in the Banking sector.
Healthcare
Alkem Laboratories is involved in a significant block deal, drawing attention to the Healthcare sector.
Oil & Gas
BPCL and other crude-sensitive stocks are affected by rising oil prices, impacting the Oil & Gas sector.
Sectors to Watch
Sector - News
Healthcare
Alkem Labs sees a block deal worth Rs 825 crore, indicating significant market activity.
Alcohol
United Spirits shares jump 2% after JPMorgan upgrades stock to 'Overweight'.
Oil & Gas
BPCL and other crude-sensitive stocks fall as oil prices climb.
Pre-Market News
- Alkem Labs:Block deal worth Rs 825 crore in Alkem Labs may see 1.42 percent equity change hands.
- United Spirits:United Spirits shares jump 2% after JPMorgan upgrades stock to 'Overweight', raises target price.
- Nifty 50 Index:SEBI streamlines and automates invocation and sale of pledged shares of defaulter clients.
- S&P BSE SENSEX Index:BPCL, Indigo Paints, Apollo Tyres, other crude-sensitive stocks fall up to 2% as oil prices climb.
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.
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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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