Nifty 50 Index Opens Lower, Down 0.43% in Pre-Open Trade Amid Global Market Caution

The Nifty 50 Index, representing the top 50 stocks listed on the National Stock Exchange of India, opened the pre-market trade at 25,767.9 points, down 0.43% or 107.9 points from its previous close of 25,875.8. This decline follows a phase of profit booking as investors weigh domestic and international factors.

The index opened near its 50-day moving average of 25,297 and remained above its 200-day average of 24,426, suggesting a longer-term bullish trend persisting despite short-term volatility. Market analysts are watching the support zone between 25,700 and 25,800, which corresponds with significant option strike prices.

Sector performance was mixed, with infrastructure and banking sectors showing resilience, while defensive stocks and tech-related segments faced selling pressure. Broader market indices, including the Sensex, showed marginal gains, but cautious global sentiment, particularly from the U.S. markets, influenced Indian investors.

Technically, the Relative Strength Index (RSI) for the Nifty stands near 61, indicating room for upward movement but potential profit booking. Resistance is expected near 26,000 points, and a sustained move above this could open paths to the year’s high above 26,100.

Key Highlights:

Nifty 50 Index pre-open at 25,767.9, down 0.43% or 107.9 points.

Support zone critical between 25,700 and 25,800 points.

Mixed sectoral performance with infrastructure and banking showing strength.

Maintains position above key moving averages indicating long-term bullishness.

Global market caution influencing investor sentiment.

RSI at 61, signaling mild bullish momentum.

Resistance levels at 26,000 and 26,100 points, crucial for next rally.

Sources: NSE, Moneycontrol, Perplexity Finance