The Indian stock market looks ready to open higher today. GIFT Nifty futures are trading 40 points up on Monday morning, showing strong early momentum on Dalal Street.
This positive mood comes even though global markets show mixed signals. However, India’s strong economy and key events this week are helping boost investor confidence.
In this article, we will explain today’s market setup, important support and resistance levels, sector trends, stock-specific news, and key economic updates that traders should watch today.
GIFT Nifty Shows Positive Signs Before Market Opens
At 8:00 AM IST, GIFT Nifty futures traded at 24,890, up by 40 points from the last close. This suggests a higher opening for the Nifty 50 and Sensex. The rise follows positive global cues and gains from Wall Street overnight. However, local factors will likely guide the market direction throughout the day.
Global Market Overview
Global stock markets show a mixed but mostly positive trend.
- US Markets: On Friday, the Dow Jones closed slightly lower. However, the Nasdaq and S&P 500 moved higher, thanks to strong gains in tech stocks and investor hopes ahead of the US Fed’s upcoming policy update.
- Asian Markets: On Monday morning, Japan’s Nikkei 225 and South Korea’s Kospi are trading slightly higher. In contrast, Hong Kong’s Hang Seng is falling due to worries about Chinese property stocks.
- Oil Prices: Brent Crude is near $82 per barrel. This price level is stable for India and could help reduce inflation risks from rising input costs.
- US Dollar Index: The dollar index has dipped slightly to 104.9. This weaker dollar may attract more foreign investments into Indian stocks.
🇮🇳 Domestic Market Recap: Strong Close on Friday, June 13
The Indian stock market ended the week on a strong note.
- Sensex jumped 470 points and closed at 82,400.
- Nifty 50 ended near 24,850, driven by gains in IT, financial, and FMCG stocks.
- Nifty Bank rose over 250 points, showing strong buying interest in private banks.
However, the broader market underperformed. Both small-cap and mid-cap indices saw profit booking after a long rally.
Sectoral Watch: Key Sectors to Track Today
1. IT Stocks
Tech stocks are leading again. Infosys, TCS, and HCL Tech posted strong gains. A weaker US Dollar and positive comments from companies about FY26 demand are boosting investor confidence.
2. Auto & EV Stocks
Auto stocks look strong with rising demand and growing exports. Tata Motors, Mahindra & Mahindra, and Maruti Suzuki may stay in focus ahead of the June sales numbers.
3. FMCG
The FMCG sector shows mixed signs. Rural demand is slowly improving, but rising raw material costs could limit gains. Stocks like ITC and HUL may move in a narrow range.
4. Metals & Real Estate
Metal stocks may remain weak due to low demand in China and falling global steel prices. JSW Steel and Tata Steel could stay flat.
Real estate stocks might face profit booking after their recent sharp rally.
Stocks to Watch Today
- HDFC Bank
HDFC Bank remains a key player in Nifty Bank. Investors are closely tracking its loan growth plans and treasury income outlook. - Tata Motors
A global brokerage upgrade and strong Jaguar Land Rover (JLR) performance may lift the stock. - Zomato
Zomato could see high volatility after recent management changes and a small drop in monthly active users. - Adani Group Stocks
Reports of fresh capital infusion into Adani’s green energy units may lead to new buying interest. - LIC Housing Finance
Investors are watching LIC Housing due to talks of aggressive rate cuts and rising competition in the home loan market.
Important Event News
- India’s WPI Inflation Data (May)
The government will release WPI inflation numbers during market hours. Experts expect it to stay positive, but any sharp jump could impact rate-sensitive stocks like banks and autos. - US Industrial Production Data (May)
This data is set to come out tonight. It could affect global market trends and influence trading sentiment for Tuesday. - Primary Market Activity
Small-cap IPOs like Sahyadri Industries are seeing strong demand. Retail investors are actively subscribing to these new listings.
Expert Views on Today’s Market
1. Ajay Bagga – Market Expert
“GIFT Nifty shows a steady start, and Nifty 50 may try to cross 25,000 today. But traders should stay cautious, as technical charts show the market is in overbought territory.”
2. Devina Mehra – Fund Manager, First Global
“Now, the focus will shift to key factors like crude oil prices, US Fed updates, and India’s inflation data. At this point, smart stock-picking is very important.”
FII & DII Activity
- Foreign Investors (FIIs) bought shares worth ₹1,425 crore on Friday.
- Domestic Investors (DIIs) sold shares worth ₹895 crore.
FII inflows have stayed strong after the election results, showing confidence in India’s growth and reform plans.
Derivatives Outlook
Options data shows strong Call writing at 25,000, which may act as a short-term resistance level.
On the downside, Put writing at 24,700 suggests this level could offer support. The India VIX remains steady at 12.7, showing a calm market. Traders can expect limited intraday moves unless unexpected macro news breaks.
Trading Strategy for Today
- Avoid aggressive buying near 25,000 unless Nifty breaks and holds above that level.
- Use any dip near 24,700 for short-term buying, with a stop loss at 24,600.
- Focus on large-cap IT, private banks, and auto stocks for intraday trades.
- Stay away from small-cap stocks due to high valuations and increased volatility.
- Keep a close eye on inflation data and FII activity during the day.
End Note
GIFT Nifty shows a slightly positive start. Traders should stay positive but cautious as Nifty may face resistance near 25,000. Important data and global news could shape this week’s trend. Use strict stop losses, avoid too much risk, and keep an eye on live market updates for smart decisions.
About The Author
