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7 Oct 2025 — Pre-Market Report India Global cues, SGX Nifty trend & Nifty outlook
Inline SVG Hero: Morning Market Opening Theme
Market Sentiment: 🟢 Bullish

Global markets show a positive bias as Asian indices trade higher following overnight gains in the US markets.

🌅 Morning Market Overview — 7 October 2025

Indian markets are expected to open on a positive note on Tuesday, tracking gains across global markets. The SGX Nifty indicates a firm start for the Indian indices, supported by strong cues from Wall Street and steady Asian markets. Investors will focus on upcoming earnings season cues and the RBI’s stance on liquidity in the week ahead.

Global optimism continues to drive sentiment, with US indices closing higher amid easing concerns over inflation and a possible rate cut by the Federal Reserve later this quarter. Asian peers also opened in the green, hinting at a broad risk-on sentiment heading into the Indian trading day.

🌍 Global Market Summary

🗽 US Markets

On Monday, Wall Street ended higher as tech and banking shares led the rally. The Dow Jones Industrial Average gained 0.54% to close at 38,240.76, while the S&P 500 advanced 0.72% to 5,198.40. The Nasdaq Composite rose 1.1% to 16,240.32, driven by strong performances in Apple, Microsoft, and Nvidia.

💶 European Markets

European markets mirrored US optimism. The FTSE 100 added 0.48%, the DAX climbed 0.63%, and the CAC 40 closed up 0.59%. Investors remained optimistic about easing energy prices and stabilization in bond yields.

🌏 Asian Markets

Asia followed Wall Street’s lead. The Nikkei 225 rose 0.9% to 39,280, the Hang Seng climbed 1.3% to 18,520, and the Kospi in South Korea was up 0.7%. Chinese markets saw mild gains as investors anticipated fresh economic stimulus from Beijing.

🇮🇳 SGX Nifty Indicates Positive Start

The SGX Nifty was trading at 23,840, up +75 points (+0.32%) at 8:15 AM IST, suggesting a strong start for the Nifty 50 index. Global risk sentiment, led by US tech strength and Asian buying, is expected to keep Indian markets buoyant through the morning session.

📈 Nifty, Sensex & Bank Nifty — Key Outlook for Today

Nifty 50 closed Monday’s session at 23,765.45, up 110 points (+0.47%). Technical indicators suggest bullish momentum continuing, with the index holding above its 20-day EMA of 23,640.

  • Support: 23,680 / 23,550
  • Resistance: 23,920 / 24,000
  • Pivot Level: 23,785

Sensex gained 382 points to close at 78,195.10. Broader buying was seen in IT, banking, and auto sectors, signaling rotational strength among large caps.

  • Support: 77,850
  • Resistance: 78,650

Bank Nifty ended at 51,520.30, up 0.55%. Private banks like HDFC Bank, Axis Bank, and ICICI Bank saw fresh buying interest.

  • Support: 51,200 / 50,950
  • Resistance: 51,850 / 52,200
Morning Market Overview

Morning Market Sentiment — Nifty Outlook

💰 FII/DII Data — Institutional Flow Update

According to provisional data from NSE, Foreign Institutional Investors (FIIs) were net buyers worth ₹1,245.67 crore on Monday, while Domestic Institutional Investors (DIIs) also added equities worth ₹932.21 crore. Consistent inflows indicate growing confidence in Indian growth resilience and corporate earnings outlook.

Market experts believe sustained FII inflows could push the Nifty toward the 24,000 mark in the near term, especially as India remains the top-performing emerging market in 2025.

🌐 Global Commodity & Currency Watch

  • Brent Crude: $84.32 per barrel (+0.38%)
  • WTI Crude: $81.45 per barrel (+0.41%)
  • Gold: $2,348.10 per ounce (-0.14%)
  • Silver: $28.62 per ounce (-0.20%)
  • USD/INR: 83.02 (+0.05%)
  • Dollar Index: 104.72 (-0.18%)

Crude oil prices are stabilizing as supply pressures ease and OPEC+ maintains production quotas. The Indian rupee remains range-bound near 83 levels, supported by robust forex reserves and strong FII inflows.

📊 Top Stocks in Focus Today

  • Infosys: Expected to announce its Q2 results later this week. Analysts anticipate revenue growth of around 2.5% QoQ with stable margins.
  • Reliance Industries: Jio’s 5G rollout update and retail expansion may drive stock momentum. Traders eye ₹2,880 as near-term resistance.
  • TCS: May gain ahead of its quarterly earnings release. Strong BFSI demand outlook remains positive.
  • HDFC Bank: Positive loan growth and strong deposit momentum likely to push stock above ₹1,670 short-term resistance.
  • ICICI Bank & Axis Bank: Maintain bullish tone; both trade near all-time highs amid strong credit growth outlook.
  • Maruti Suzuki: Auto sector demand remains firm; festive demand could push sales higher in Q3.

⚙️ Technical Analysis — SuperTrend + EMA Strategy

From a technical perspective, Nifty is trading comfortably above its 20-day EMA (23,640) and 50-day EMA (23,320), indicating sustained bullish momentum. The SuperTrend indicator continues to give a ‘Buy’ signal, with immediate support near 23,550.

Bank Nifty also maintains its positive trend, holding above 51,200. Short covering and fresh long build-up in HDFC Bank and Kotak Bank are supporting the index’s upward trajectory. The SuperTrend buy signal remains valid as long as Bank Nifty stays above 50,800.

  • Nifty: Buy on dips towards 23,700; Target 23,950–24,000; SL 23,580
  • Bank Nifty: Buy near 51,300; Target 51,900; SL 51,000
  • Reliance: Buy near ₹2,820; Target ₹2,900; SL ₹2,785
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❓ FAQs — Pre-Market Insights for 7 Oct 2025

1️⃣ What are the key triggers for today’s market?

Global market sentiment, FII inflows, and Q2 earnings expectations will drive the market today. SGX Nifty indicates a strong start above 23,800.

2️⃣ Which sectors may lead the rally?

IT, Banking, and Auto sectors are likely to perform strongly amid positive global cues and festive demand expectations.

3️⃣ What should traders watch technically?

As long as Nifty stays above 23,600, the bias remains bullish. A breakout above 23,950 could trigger a new rally toward 24,100.