India’s benchmark Nifty 50 index opened with a positive note in pre-market trade, rising 0.15%, suggesting cautious optimism among investors ahead of the day’s session amid global and domestic cues influencing market sentiment.
The pre-open session showed Nifty 50 inching upwards, signaling tentative recovery after recent volatility. Broader market indicators point towards a cautious but potentially stable trading day. Key support and resistance levels are being closely watched with the monthly futures and options contract expiry approaching, expected to bring increased market activity. Sector-wise, information technology stocks showed resilience, while some cyclical sectors displayed mixed trends.
Key highlights:
Nifty 50 pre-open gain at 0.15%, indicating buyer interest early on.
Market sentiment remains cautious due to upcoming monthly derivatives expiry.
IT sector stocks led advances with key players showing strength.
Resistance levels near 26,100 to 26,200 are critical for sustained rally.
Put and call options data reflect significant open interest at 26,000 and 26,100 strike prices.
Investors watch global cues alongside domestic policy announcements for guidance.
Analyst outlook remains cautiously optimistic for short-term consolidation with potential upside.
This session’s early positive movement in Nifty 50 reflects investor readiness ahead of key economic events shaping India’s market trajectory.
Sources: NSE India, Moneycontrol, Times of India, Reuters