India Market Open Summary
April 24, 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 : 23-04-2025
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 2.5%, S&P 500 CFD index gained by 1.88%.
- European Markets: DAX up by 3.04%, CAC increased by 2.08%.
- Asian Markets: Nikkei 225 rose by 1.07%, Jakarta Composite index up by 0.56%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
24,167.25
Previous Day Change:
161.70 (0.67%)
Intraday Supports:
24,030.05
Intraday Resistances:
24,508.75
- Nifty 50 is in an uptrend as indicated by higher highs and higher lows on the 5minute chart
- Key resistance is around 24,320 with support at 24,200, which previously acted as a bounce zone
- Significant volume spike observed during the upward movement, suggesting strong buying interest
- A breakout above 24,320 could push the index towards new highs, while falling below 24,200 might lead to a pullback
Bank Nifty Outlook
#StreetOpen
Previous Close:
55,647.20
Previous Day Change:
-277.15 (0.50%)
Intraday Supports:
54,607.55
Intraday Resistances:
56,479.95
- Bank Nifty is in a consolidation phase after a sharp drop from 55,800
- Support is seen at 55,200 with resistance around 55,500
- A significant volume spike occurred during the decline, indicating selling pressure
- A breakout below 55,200 could lead to further bearish momentum
Previous Day's Market Breadth
Total Advancing Stocks
1516
Total Declining Stocks
1340
Advance-Decline Ratio
1.131
Get daily predictions and stock updates
Market Breadth
Advancing Sectors
16
Declining Sectors
4
Advance-Decline Ratio
4.0
Sector Rotation Analysis
Key Sector Trends
Finance
Foreign institutional investors continue their buying streak, while domestic investors are selling.
Automobile & Ancillaries
Trump's tariff probe on medium and heavy trucks could impact domestic manufacturers.
FMCG
Tata Consumer Products sees growth in U.S. tea sales despite inflation pressures.
Finance
Small and midcap stocks are outperforming bluechips in the current market rally.
Pre-Market News
- Maruti Suzuki:Maruti Suzuki Q4 Preview: Margin, profit may decline on higher discounts, ad spends.
- Lupin:Lupin shares rise on US launch of kidney drug Tolvaptan; $200 million revenue seen by FY26.
- Nifty 50 Index:Small & midcap stocks back in the mix; outpace bluechips in latest market rally.
Stocks to Watch
Bharti Airtel
Set to acquire 400 MHz spectrum in 26 GHz band from Adani Data Networks.
HCL Tech
Net profit rises 8% to Rs 4,307 crore, declares Rs 18 dividend.
MM Forgings
Q4 profit slips 9% to Rs 563.1 crore and net interest income increases 9% to Rs 2,156 crore, YoY.
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
