India Market Open Summary
May 8, 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 : 07-05-2025
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: S&P 500 CFD opened up by 0.43%, Dow Jones Futures CFD index gained by 0.32%.
- European Markets: CAC down by -0.92%, DAX decreased by -0.58%.
- Asian Markets: Hang Seng rose by 0.62%, Taiwan Weighted index up by 0.36%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
24,379.60
Previous Day Change:
34.80 (0.14%)
Intraday Supports:
24,131.73
Intraday Resistances:
24,590.93
- NIFTY50 is consolidating between 24,360 and 24,430 with no clear trend direction
- Key support is at 24,300, while resistance is near 24,500
- Significant volume spike observed near 24,380 suggests potential buying interest
- Break above 24,430 may initiate a bullish move towards 24,480
Bank Nifty Outlook
#StreetOpen
Previous Close:
54,271.40
Previous Day Change:
339.50 (0.63%)
Intraday Supports:
53,640.63
Intraday Resistances:
55,169.43
- Bank Nifty is in a shortterm uptrend following a prior downtrend
- Immediate resistance is at 54,660, with support around 54,100
- Significant volume spikes observed during the reversal indicate momentum shift
- Potential bullish continuation if it sustains above 54,660
Previous Day's Market Breadth
Total Advancing Stocks
1772
Total Declining Stocks
1049
Advance-Decline Ratio
1.689
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
US Federal Reserve's steady rates and inflation risks impact financial markets.
FMCG
Dabur India focuses on premiumization, exiting non-performing categories.
Power
NSE receives approval for electricity futures, expanding power derivatives market.
Healthcare
Dr Reddy's Q4FY25 preview shows consumer wellness may boost topline.
Pre-Market News
- MRF:MRF shares surge 4% after net profit jumps 29% in Q4 results.
- BSE:BSE shares jump 8% after Q4 net profit skyrockets 362%.
- Paytm:Paytm shares surge 8% after solid Q4 results.
Stocks to Watch
Symphony
Q4 net profit up 64.6% at RS 79 crore versus Rs 48 crore, YoY.
Satin Credit
Q4 net profit down 67.3% at RS 41 crore against Rs 125.3 crore, YoY.
Voltas
Q4 net profit at Rs 241 crore versus Rs 116 crore, YoY.
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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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