Pre-Market Report: Nifty, Sensex & Bank Nifty Outlook – July 10, 2025
Good morning traders! Welcome to your in-depth Pre-Market Report for July 10, 2025. As global markets remain cautious ahead of crucial macroeconomic data, Indian indices look set for a range-bound open with stock-specific opportunities. Let’s decode everything you need to know before the opening bell rings!
🌐 Global Market Snapshot
US Markets: Wall Street ended mixed overnight as investors brace for the key US inflation data that will influence the Federal Reserve’s future rate moves. The Dow Jones Industrial Average closed marginally lower at 38,450 while the S&P 500 added 0.2% to finish at 5,085. The tech-heavy Nasdaq slipped 0.3% as profit booking emerged in mega-cap tech stocks.
European Markets: European bourses closed flat with the FTSE 100 ending slightly higher while DAX and CAC 40 posted mild losses amid weaker-than-expected industrial production data. Investors are awaiting comments from the European Central Bank on its rate-cut trajectory.
Asian Markets: Asia-Pacific markets are trading mixed early this morning. Nikkei is down about 0.3% amid a stronger Yen, while Hang Seng is up 0.6% led by hopes of new stimulus measures from the Chinese government. Kospi is also up 0.4% tracking overnight gains in US semiconductor stocks.
📈 SGX Nifty Update
At 7:50 AM IST, SGX Nifty is trading around 24,150, indicating a muted-to-positive opening for the Nifty 50 index. However, traders should remain cautious as intraday volatility may spike post 10 AM once global commodity markets open fully.
🗝️ Key Global Triggers to Watch
- US CPI Data: Expected tonight; will set the tone for Fed policy outlook.
- Crude Oil: Brent crude is hovering near $81 per barrel. Any spike could impact OMCs and aviation stocks.
- Dollar Index: Stable around 104.50, keeping Rupee steady.
- Gold Prices: Trading flat near $2,340 per ounce, indicating subdued safe-haven demand.
📊 FII & DII Activity
According to provisional NSE data, Foreign Institutional Investors (FIIs) were net buyers worth ₹1,250 crore while Domestic Institutional Investors (DIIs) sold shares worth ₹450 crore on July 9. This indicates selective buying in frontline stocks, especially in large-cap IT and Auto sectors.
🏦 Technical Outlook – Nifty, Sensex & Bank Nifty
Nifty 50
- Previous Close: 24,070
- Support Levels: 24,000, 23,950
- Resistance Levels: 24,200, 24,300
The Nifty 50 index faces immediate resistance near 24,200. Sustaining above this may trigger a move towards 24,300–24,350 levels. On the downside, 24,000 remains a crucial support level.
S&P BSE Sensex
- Previous Close: 79,580
- Support Levels: 79,400, 79,150
- Resistance Levels: 79,800, 80,000
Bank Nifty
- Previous Close: 52,350
- Support Levels: 52,200, 52,000
- Resistance Levels: 52,600, 52,800
Bank Nifty may continue to consolidate with stock-specific moves in PSU banks. Traders should keep an eye on private banks like HDFC Bank and ICICI Bank for directional cues.
🔭 Sector Deep Dive
Information Technology (IT)
US data could impact IT stocks today. Watch for cues from the Nasdaq trend overnight. Infosys, TCS, and Wipro may see mild profit booking but any weakness could be a buying opportunity for positional traders.
Auto
Auto stocks remain in focus as strong monthly sales and stable rural demand aid sentiment. Maruti Suzuki, Tata Motors, and M&M could continue to attract interest.
Oil & Gas
Oil Marketing Companies (OMCs) may react to crude price movement. Keep an eye on BPCL, HPCL, and ONGC.
FMCG
Defensive buying could support FMCG stocks amid global uncertainty. HUL, ITC, and Britannia look steady on charts.
Metals
Mixed cues from China may keep metals range-bound. Watch Tata Steel, JSW Steel, and Hindalco for possible reversals.
Pharma
Selective buying likely in large-cap pharma stocks. Sun Pharma, Cipla, and Divi’s Lab may stay firm.
🔥 Top Stocks to Watch Today
- HDFC Bank: Q1 numbers to be announced today. Stock may remain volatile.
- Infosys: IT index leader – watch for Nasdaq cues.
- ONGC: Movement in crude oil prices will impact stock action.
- Tata Motors: Positive outlook continues with new launches.
- Maruti Suzuki: Strong sales data could aid momentum.
💬 Analyst Quote
“We expect a range-bound start with stock-specific moves ahead of major US data. Traders should avoid aggressive positions at the open and wait for clarity post 10 AM.” – Market Expert
📅 Economic Data to Track
- US CPI data tonight
- India’s IIP data due tomorrow
- China’s trade balance numbers
❓ FAQs – Pre-Market Basics
What is SGX Nifty?
SGX Nifty is a derivative of the Nifty 50 index traded in Singapore. It serves as an early indicator for the Indian market’s opening trend.
Why do global cues matter?
Indian markets are heavily influenced by global developments, including the US Federal Reserve’s policies, crude oil prices, and currency movements.
How to trade gap-ups or gap-downs?
It’s best to wait for the first hour of trade to see if the gap sustains or fades before taking positions.
✅ Quick Recap Table
| Index | Support | Resistance |
|---|---|---|
| Nifty 50 | 24,000 | 24,300 |
| Sensex | 79,400 | 80,000 |
| Bank Nifty | 52,200 | 52,800 |
🔗 Related Posts
- Post-Market Report: July 9, 2025
- Technical Chart Analysis: July 10, 2025
- Top Stock Buy Signals: July 10, 2025
✅ Final Takeaway
Indian markets are expected to open flat to slightly positive, with stock-specific action likely to dominate. Keep an eye on key levels, watch FII/DII flows, and stay nimble.
Disclaimer: This report is for information purposes only and not investment advice. Please consult your financial advisor before making any trading decisions.
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