Pre-Market Report (21 Aug 2025): Flat Start, IT & Banks in Focus
Table of Contents
1) Global Cues 2) GIFT Nifty Snapshot 3) Previous Close Recap 4) Key Levels for 21 Aug 5) Sectoral View 6) Stocks in Focus 7) FII/DII Flows 8) Market Outlook 9) Related Reads FAQ Disclaimer1) Global Cues
Overnight, U.S. equities closed lower with the Nasdaq losing over 1% as profit-taking emerged in AI-heavy and tech counters. The S&P 500 also slipped, while the Dow remained relatively stable. Investors are cautious ahead of Jackson Hole Fed symposium, where central bankers may guide on future rate moves.
Asian peers are trading mixed this morning. Japan’s Nikkei is mildly higher, Hong Kong and China are subdued, and Korea’s Kospi is flat. This indicates a lack of strong directional global cues.
2) GIFT Nifty Snapshot
At 7:30 AM IST, GIFT Nifty was flat near 25,083, indicating a muted start. This follows five straight sessions of gains in Nifty and Sensex, driven by IT stocks and strong domestic liquidity. The muted signal suggests that traders may adopt a wait-and-watch stance before Jackson Hole commentary.
3) Previous Close Recap
On 20 August, Indian benchmarks ended steady. Nifty closed at 25,010, barely above the psychological 25k mark, while the Sensex finished at 81,680. The Bank Nifty ended near 55,820, recovering late in the day with support from PSU banks.
4) Key Levels for 21 Aug
- Nifty Support: 24,800 / 24,750
- Nifty Resistance: 25,250 / 25,500
- Bank Nifty Support: 55,200 / 54,950
- Bank Nifty Resistance: 56,200 / 56,500
Traders should watch if Nifty sustains above 25,000 in opening trade, as this will decide the day’s momentum.
5) Sectoral View
- IT Stocks: Remain in focus after global tech sell-off. TCS, Infosys, Wipro could see volatility.
- Banks: HDFC Bank, ICICI Bank, SBI and PSU banks may provide support to markets.
- Energy & OMCs: Benefit from stable crude; Indian Oil, BPCL, HPCL likely in focus.
- Real Estate & Cement: Godrej Properties, India Cements on the radar after corporate developments.
- EV/Power: Ola Electric and Reliance Power showing bullish bias.
6) Stocks in Focus
Stocks expected to see activity today include:
- IndusInd Bank – Banking sector play, quarterly outlook key.
- Reliance Power – Seen with bullish bias; trading volumes rising.
- Ola Electric – EV momentum story; remains on traders’ watchlist.
- India Cements – Likely active after sector cues.
- Godrej Properties – Real estate sector optimism keeps it in focus.
- Exide Industries – Battery/EV exposure makes it attractive.
7) FII/DII Flows
Foreign Institutional Investors (FIIs): Have been consistent sellers in recent sessions, adding caution to the market outlook.
Domestic Institutional Investors (DIIs): On the other hand, have stepped up buying aggressively, supporting indices near key psychological levels. This tug-of-war is likely to decide market direction today.
8) Market Outlook
The overall trend remains positive as long as Nifty holds above 24,800. However, traders should expect sideways moves ahead of Fed commentary. IT and banking will be key drivers, while volatility could pick up if global weakness deepens.
9) Related Reads
FAQ
Q1: What is GIFT Nifty showing?
A: A flat bias near 25,080.
Q2: What are the key supports and resistances?
A: Support ~24,800; resistance ~25,500.
Q3: Which stocks are likely in action?
A: IndusInd Bank, Reliance Power, Ola Electric, Godrej Properties, Exide.
Q4: How are FIIs and DIIs positioned?
A: FIIs selling, DIIs absorbing supply with heavy buying.
Q5: What’s the global backdrop?
A: Weak U.S. tech, mixed Asia, caution before Jackson Hole.
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