NIFTY OUTLOOK FOR 06 MAY 2025

 Indian equity markets ended on a strong note today, with broad-based buying lifting benchmark indices to new highs. The Sensex rose 294.85 points (0.37%) to close at 80,796.84, while the Nifty 50 gained 114.45 points (0.47%) to settle at 24,461.15, marking the longest winning streak of 2025 so far.

Key Highlights:

• Broad Sector Gains: Auto, FMCG, Oil & Gas, and Energy sectors led the rally.

• Banking Under Pressure: Banking stocks underperformed, with SBI slipping 1.25% after reporting a 10% drop in Q4 net profit.

• Top Gainer: Adani Ports surged 6.31%, topping the Nifty gainers' list.

• Global Boost: Easing global trade tensions and optimism over a potential India-U.S. trade deal supported sentiment.
  

  Indices Performance:

  • Sensex: ▲ 294.85 points (+0.37%) at 80,796.84

  • Nifty 50: ▲ 114.45 points (+0.47%) at 24,461.15

  • Nifty Bank: ▼ 195.85 points (-0.36%) at 54,919.50

  Market Highlights:

  • Benchmark indices have gained in 12 of the last 16 sessions, rising over 10%.

  • FIIs have net bought over ₹38,300 crore in the last 11 sessions (NSDL data).

  • Brent crude has dipped below $60/barrel, easing pressure on the current account.

  • Encouraging economic data and a weak dollar continue to support foreign investor interest.

  Sectoral Snapshot:

  • Top Gaining Sector: Nifty Auto ▲ 1.85%

  • Top Losing Sector: Nifty Bank ▼ 0.36%

  • Top Gainer: Adani Enterprises ▲ 7.03%

  • Top Loser: Kotak Mahindra ▼ 4.59%

  Market Outlook:

  • The broader market has rebounded, recouping over 50% of previous losses.

  • Positive cues: Record GST collections, improving macro indicators, lower crude prices.

  • Caution persists due to border tensions and muted Q4 results.

  • Nifty is facing resistance near 24,500. A breakout could target 24,630, while 24,360 acts as support.

  Derivatives Insights:

  • Put-Call Ratio (PCR): 0.82 – signals a cautious undertone.

  • Key OI Levels:

    • Call side: 24,500 & 26,000

    • Put side: 24,400 & 24,000

  • Stocks with fresh OI build-up: ATGL, Indian Bank, Kotak Bank, SBI, DMART

  Outlook:
  Investors remain cautiously optimistic ahead of key corporate earnings, geopolitical updates, and the U.S. Fed’s upcoming policy decisions.