Pre-Market Report: SGX Nifty Rallies 188 Points | Positive Global Cues | 24 June 2025
The Indian stock market is expected to open on a positive note on Wednesday, June 24, 2025, backed by strong global cues and bullish signals from the GIFT Nifty (formerly SGX Nifty). Traders and investors are closely watching international developments, FII/DII activity, and key resistance-support levels on Nifty and Bank Nifty ahead of the opening bell.
🔹 SGX/GIFT Nifty Update
As of 8:00 AM IST, GIFT Nifty futures are trading around +188 points higher from the previous close, indicating a bullish start for the Indian indices. The sharp uptick is largely driven by overnight gains in the US market and steady movement in Asian indices.
🔹 Global Market Summary
- Dow Jones: +0.85%
- Nasdaq: +1.12%
- S&P 500: +0.93%
- Nikkei: +0.74%
- Hang Seng: +0.68%
- Crude Oil: $82.41/barrel
- Gold: $2325/oz
- USD/INR: ₹83.42
Global sentiment remains positive as tech stocks led a rally in the US, while Asian indices are following suit, supported by improved manufacturing data from Japan and easing geopolitical tensions.
🔹 FII & DII Activity – 24 June 2025
| Category | Net Value (₹ Crore) |
|---|---|
| FII | –1,874 |
| DII | +5,591.8 |
While foreign investors continued to offload positions, domestic institutions stepped in aggressively, stabilizing market sentiment.
🔹 Technical Outlook – Nifty & Bank Nifty
Nifty: Key resistance lies at 24,250 and 24,350. Support at 24,000 and 23,850.
Bank Nifty: Watch for resistance at 52,300 and support near 51,600 levels.
Indicators like EMA (15min & 1hr) and SuperTrend show early signs of bullish continuation if volumes support the gap-up opening.
🔹 Top Stocks in News Today
- Reliance Industries: Jio 5G rollout completed across 100% of India.
- Infosys: Wins $2.4B AI cloud deal from US client.
- IRCTC: Govt may reduce stake via OFS.
- HDFC Bank: Q1 preview shows improved NIMs.
🔹 Economic Events to Watch
- India: No major data releases today
- US: Fed Chair speech and existing home sales data
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Disclaimer: This article is for informational purposes only and not investment advice. Please consult your financial advisor before investing.
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