Nifty 50 Inches Higher In Pre-Open Trade

The Nifty 50 index began the trading day on a cautious yet positive note, edging up 0.02% in pre-open trade. Market sentiment was influenced by global trends, domestic sectoral performance, and investor positioning ahead of key earnings announcements.

Key Highlights

• Nifty 50 stood at 26,328.55 in pre-open, up 0.02% from the previous close.
• Sensex also showed a mild uptick, reflecting stable investor sentiment.
• Analysts highlighted 26,100–26,000 as a strong support zone, with resistance near 26,350.
• Put-Call ratio spiked to 1.46 earlier this week, indicating heightened options activity.
• Sectoral cues from IT, banking, and auto stocks are expected to guide intraday momentum.
• Global markets remained firm, with Asian indices trading positively, supporting domestic sentiment.
• Investors await Q3 earnings season, which could set the tone for near-term market direction.

Broader Context
The Nifty’s marginal rise reflects cautious optimism among traders. While consolidation is expected in the near term, sustained buying in key sectors could push the index toward 26,500–26,700 levels. Market participants remain watchful of global cues and domestic corporate earnings.

Sources: Moneycontrol, 5paisa, Replete Equities