Pre-Market Report (1 Sept 2025): Nifty levels, Global Cues, Stocks in Focus
Global Market Summary
Global cues remain mixed at the start of September. US markets ended higher on tech gains, with Nasdaq at record levels. European indices were weak due to rising energy prices, while Asian markets are trading mixed. Crude oil is steady at $79/bbl, while gold remains firm at $1,990/oz. For India, this points to a cautious but steady opening.
Nifty & Sensex Levels
Nifty is expected to open flat-to-positive. Key support lies at 24,400 and 24,250, while resistance is seen at 24,700–24,800. The Sensex is likely to trade between 80,400–81,200 today.
| Index | Support | Resistance | Expected Range |
|---|---|---|---|
| Nifty 50 | 24,400 / 24,250 | 24,700 / 24,800 | 24,250–24,800 |
| Sensex | 80,400 | 81,200 | 80,400–81,200 |
| Bank Nifty | 54,500 | 55,300 | 54,500–55,300 |
Sectoral Trends
IT: Infosys, TCS, HCL Tech remain strong with rupee support.
FMCG: HUL, ITC, Nestle steady with festive demand.
Banks: Weakness continues in HDFC Bank, ICICI Bank; SBI remains resilient.
Metals: Tata Steel, Hindalco under pressure.
Pharma: Sun Pharma, Dr. Reddy’s steady buying support.
Stocks in Focus
- Infosys: Nasdaq strength and weak rupee boost outlook.
- HUL: Festive demand cycle to support volumes.
- SBI: Steady performance; PSU banks relatively stable.
- Tata Steel: Under pressure from global tariff risks.
- Reliance: Energy margin pressure may weigh on stock.
Trading Setup
- Buy Nifty on dips near 24,400 with targets of 24,700–24,800.
- Bank Nifty weak; avoid heavy longs until above 55,300.
- Focus on IT, FMCG, Pharma for stability.
- Avoid Metals and select Private Banks for now.
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