India Market Open Summary
May 9, 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 : 08-05-2025
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: Nasdaq CFD opened up by 1.07%, S&P 500 CFD index gained by 0.58%.
- European Markets: DAX up by 1.01%, CAC increased by 0.88%.
- Asian Markets: Nikkei 225 rose by 1.45%, Taiwan Weighted index up by 0.81%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
24,414.40
Previous Day Change:
-140.60 (0.58%)
Intraday Supports:
23,993.37
Intraday Resistances:
24,587.47
- NIFTY50 is in a downtrend with significant bearish momentum in the last hour
- Key support is at 24,120 while resistance hovers around 24,380
- A volume spike signals potential further downside pressure
- RSI suggests oversold conditions, indicating a possible shortterm bounce
Bank Nifty Outlook
#StreetOpen
Previous Close:
54,610.90
Previous Day Change:
-245.25 (0.45%)
Intraday Supports:
53,641.05
Intraday Resistances:
55,299.55
- Bank Nifty is experiencing a current downtrend after a brief uptrend
- Key support is at 54,000 with resistance around 54,700
- Significant volume spike observed at the recent downtrend beginning
- Potential bearish movement if it breaks below 54,000 support level
Previous Day's Market Breadth
Total Advancing Stocks
820
Total Declining Stocks
2027
Advance-Decline Ratio
0.405
Get daily predictions and stock updates
Market Breadth
Advancing Sectors
1
Declining Sectors
19
Advance-Decline Ratio
0.053
Sector Rotation Analysis
Key Sector Trends
Miscellaneous
Geopolitical tensions between India and Pakistan are causing market volatility, with potential impacts on trade and investment flows.
Finance
Foreign portfolio investors continue their buying streak, injecting Rs 2,000 crore into the market despite high volatility.
Diamond & Jewellery
Rising gold prices are affecting jewellery demand, prompting a shift towards lower caratage options.
Capital Goods
L&T reports a 25% rise in net profit, beating estimates and declaring a final dividend.
Sectors to Watch
Sector - News
Capital Goods
L&T's Q4 results show a 25% increase in net profit, surpassing expectations.
Media & Entertainment
Zee Entertainment reports a significant rise in net profit, declaring a dividend.
Miscellaneous
Make My Trip experiences a 10% stock crash amid India-Pakistan conflict escalation.
Pre-Market News
- Lupin:Lupin gains USGFA approval for Raltegravir tablets, eligible for 180 days of exclusivity.
- Nifty 50 Index:GIFT Nifty down 200 pts, signals a weak start despite US market gains.
- Make My Trip:Make My Trip stocks crash about 10% amid India-Pak conflict escalation.
Stocks to Watch
MCX India
Q4 net profit jumps 54.2% at Rs 135.5 crore Vs Rs 87.9 crore, YoY.
Kalyan Jeweller
Q4 net profit jumps 36% to Rs 188 crore, announces Rs 1.5 dividend.
Zee Entertain
Q4 net profit soars to Rs 188 crore, firm declares Rs 2.43 dividend.
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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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