India’s Nifty 50 Index opened 0.17% higher in pre-open trade on October 24, signaling a positive start for Dalal Street. Gains were led by IT and financial stocks amid steady global cues and resilient domestic earnings. Traders eye corporate results season and global data releases for market direction.
The Nifty 50 index began Friday’s pre-open session on a firm note, rising 0.17% as sentiment improved across Asian markets and investor confidence remained supported by robust domestic earnings. According to NSE pre-open data, the benchmark was trading around 25,929.7, led by strong momentum in information technology, banking, and energy stocks.
Top gainers in the pre-open session included Infosys, TCS, HCLTech, and Axis Bank, while defensive counters like Hindustan Unilever and NTPC also held ground. Market analysts noted that sustained foreign institutional participation and lower crude prices are offering stability ahead of global economic data releases.
The index is expected to continue its upward bias as long as it sustains above the 25,700 support zone, with potential resistance around 26,000–26,100 levels based on recent market trends.
Notable Updates:
Nifty 50 up 0.17% in pre-open trade at 25,929.7.
IT, financial, and auto sectors showing early strength.
Technical support seen near 25,700; resistance around 26,000–26,100.
Gains aligned with strong Asian cues and easing global volatility.
Traders tracking results and U.S. macro data for further direction.
Sources: NSE Pre-Open Data, BSE Market Watch, Moneycontrol Live Market Updates.