India Market Open Summary
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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 :
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: Negative
Major global indices are showing negative trends, indicating a unfavorable environment for Indian markets.
- U.S. Markets: Nasdaq CFD closed up by -1.42%, S&P 500 CFD index lost by -0.85%.
- European Markets: FTSE CFD down by -0.26%, DAX CFD decreased by -0.07%.
- Asian Markets: KOSPI rose by 1.39%, Taiwan Weighted index up by 0.54%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
Previous Day Change:
Intraday Supports:
25,203.45
Intraday Resistances:
26,603.25
- NIFTY50 is currently consolidating after a significant recovery from a previous downtrend
- Key support is at 25,700, with a resistance level at 25,800
- A major volume spike indicates potential bullish momentum at the current consolidation phase
- If the index breaks above 25,800, it could aim for higher levels near 25,900
Bank Nifty Outlook
#StreetOpen
Previous Close:
Previous Day Change:
Intraday Supports:
58,561.47
Intraday Resistances:
62,504.77
- Bank Nifty is currently in a consolidation phase after a strong recovery
- Key support is at 60,000, with resistance around 60,400
- Significant volume spike observed during the sharp upward movement
- Potential bullish breakout if sustained above 60,400, targeting higher levels
Previous Day's Market Breadth
Total Advancing Stocks
2011
Total Declining Stocks
1024
Advance-Decline Ratio
1.964
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
17
Declining Sectors
3
Advance-Decline Ratio
5.667
Sector Rotation Analysis
Key Sector Trends
Finance
Foreign Institutional Investors (FIIs) have been significant buyers, contributing to market gains.
Software & IT Services
IT stocks like Infosys and TCS have seen a sharp decline due to a global tech selloff.
Miscellaneous
The India-US trade deal is expected to enhance India's export competitiveness.
Miscellaneous
The Union Budget emphasizes fiscal discipline and sustained capital expenditure.
Pre-Market News
- Infosys:Infosys, TCS, other IT stocks plunge up to 6% after global tech selloff led by Anthropic's AI tool.
- Nifty 50 Index:US trade deal all set to remove growth roadblocks for solar panel makers.
- Nifty 50 Index:First Tick: Top global cues to watch in today’s trade as oil edges higher amid US-Iran tensions.
Stocks to Watch
Bajaj Finance
Q3 net profit down 5.6% at Rs 4,066 crore versus Rs 4,308 crore, YoY.
Firstsource Sol
Q3 net profit down 33% at Rs 120 crore versus Rs 179.5 crore, QoQ.
Sheela Foam
Q3 net profit at Rs 52.57 crore versus Rs 16.8 crore, YoY.
Our Top Research Calls (Previous Day)
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About Author
Santhosh Kumar V.
Founder, CEO Streetgains
Santhosh Kumar V, the founder of Streetgains, began his trading journey during college with a deep curiosity for the stock market but no capital. He invested countless hours teaching himself the intricacies of trading, analysing market trends, and refining his strategies.
His dedication transformed him from a self-taught trader into a SEBI-registered Research Analyst.
Inspired by his early challenges, Santhosh founded Streetgains, a research firm that Indian investors could trust. His leadership reflects a disciplined, data-driven approach to risk management and market psychology, focusing on sustainable growth.
His transition from hardcore trading to long-term investment principles continues to guide Streetgains philosophy today.
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