Bulls Charge Ahead: Nifty Futures Surge in Pre-Open Rally!

Pre-Open Momentum

Pre-market trading shows broad-based buying interest as Nifty 50 futures (NIFc1/NIFCI) climb, driven by banking and IT heavyweights. Nifty Bank (NBNc1/NBNCI) gains traction post-RBI liquidity boost, while the spot Nifty (.NSEI) edges higher, setting stage for a firm market debut.

Key Highlights

Nifty 50 Futures: Up 0.33% in pre-open, signaling broad index strength above 24,500 levels.

Nifty Bank Futures: Gains 0.21%, buoyed by steady bond yields at 6.5760% and robust bank balances at ₹7.69 trillion.

Spot Nifty Advance: .NSEI rises 0.37%, supported by positive sentiment from RBI's ₹99 bn repo and global Fed pause expectations.

Market Drivers: Foreign inflows, controlled inflation, and year-end positioning fuel the uptick; volatility low at 12-13 levels.

Trading Outlook

Expect consolidation with upside bias; key supports at 24,400, resistance near 24,700 as Q3 earnings loom.

Sources: NSE Live Data, Moneycontrol Pre-Open Updates, Economic Times Market Reports.​