As of Thursday, June 5, 2025, 6:20 AM IST, here’s a pre-market report for the Indian market:
Global Cues:
- Asian Markets: Mixed to slightly negative. While some Asian markets like Nikkei 225 and Hang Seng saw gains recently, there are reports of a global rally losing steam due to uncertainties. Taiwan Weighted and Jakarta Composite show some declines.
- US Stock Futures: Dow Futures are slightly down, while NASDAQ 100 Futures are showing a slight positive. S&P 500 Futures are largely flat. This suggests a cautious sentiment from the US side.
- Crude Oil: Brent Crude Oil is trading around $64.73-$64.91 per barrel, showing a slight decline. WTI Crude is around $62.64-$62.73. This is a factor to watch as it impacts inflation and corporate earnings.
Indian Market Indicators:
- GIFT Nifty: GIFT Nifty (formerly SGX Nifty) is currently trading around 24,730, indicating a positive opening for the Indian market. It’s showing a premium of approximately 55 points compared to Nifty futures’ previous close.
- Nifty 50: The Nifty 50 closed at 24,620.20 yesterday, up by 77.70 points (+0.32%). Key support is around 24660, and resistance is near 24720.
- Bank Nifty: Bank Nifty closed at 55,676.85, up by 76.90 points (+0.14%). It is in an uptrend with immediate support at 55,750 and resistance near 55,950.
- India VIX: The India VIX (volatility index) is around 15.745, showing a decline of nearly 5%, which indicates some easing of market volatility.
Key Observations from Recent Trading Sessions:
- Yesterday’s Performance (June 4): Indian benchmark indices ended higher, with Sensex up 260 points and Nifty above 24,600.
- Sectoral Performance: Real Estate, Alcohol, Paper, Industrial Gases & Fuels, Hospitality, Infrastructure, Banks, Power, Logistics, and FMCG sectors saw gains recently. Banking stocks surged initially but tumbled towards the end of the day yesterday.
- Top Gainers/Losers (Recent Data):
- Gainers: Adani Ports, M&M, Eternal, Power Grid, Tata Consumer, Hindunilvr, BEL, Coal India, Bajaj Finserv, Asian Paints.
- Losers: Hero Motocorp, HDFC Life, JSW Steel, Tech Mahindra, Bajaj Auto, Tata Steel, Tata Motors, Grasim, Wipro, Infosys.
Factors to Watch Today:
- Global Market Sentiment: The mixed signals from Asian markets and slightly negative US futures suggest a cautious start.
- Crude Oil Prices: While currently showing a slight dip, oil prices remain a key factor influencing market sentiment and inflationary concerns.
- FII and DII Activity: Institutional investor activity will be crucial to observe for market direction.
- Any fresh news or geopolitical developments could significantly impact market opening and intraday trends.
Overall Outlook:
The pre-market indicators suggest a flat to slightly positive opening for the Indian markets, primarily supported by the positive bias in GIFT Nifty. However, global uncertainties and mixed cues from other Asian and US markets could lead to some volatility during the day. Traders should keep an eye on the immediate support and resistance levels for Nifty and Bank Nifty.