🇮🇳 Indian Pre-Market Report | Kartalks

(With global cues, GIFT Nifty update, India-US trade deal impact & more)

🌍 Global Cues & GIFT Nifty Snapshot

Overnight, global equity markets were mixed: U.S. tech indices paused after recent strength, Chinese data remained tepid, and commodity prices edged higher amid renewed energy supply concerns. These external cues set a cautious tone for Indian markets.

Domestically, the GIFT Nifty futures traded modestly above the last cash close, hinting at a neutral to slightly positive opening. For instance, reports flagged that on 1 October 2025 the GIFT Nifty futures were trading around 24,775, forecasting a muted start for the regular session.

Also, progress in talks between India and the U.S. over a potential trade deal — though still tentative — added a flicker of optimism among foreign investors.

📌 Current Key Levels of Major Indices

Nifty 50 (NSE): ~ 25,795 points.

Sensex (BSE): ~ 84,211 points.

Bank Nifty (NSE): ~ 57,700 points,

These levels suggest that the market is consolidating near recent highs — not rushing higher, but not collapsing either.

📉 Brief Explanation of Last Session Market Outlook

In the previous session, the market showed signs of cautious optimism.

Banking stocks got a boost after strong earnings in some large private banks, while metals and commodity-sensitive names saw profit-taking.

For example, the Nifty hit intraday levels above 25,900 driven by bank earnings and global trade optimism, yet ended the day with a modest gain.

Traders remain alert to global inflation data, crude oil movement and the India-US trade dialogue — any negative surprise could shift sentiment quickly.

📊 Support & Resistance Levels (Short Term)

Nifty 50

Support: ~ 25,500 – 25,700 points.

Resistance: ~ 26,000 – 26,200 points.

Bank Nifty

Support: ~ 57,000 – 57,300 points.

Resistance: ~ 58,200 – 58,500 points.

Sensex

Support zone: ~ 83,800 – 84,200

Resistance zone: ~ 85,000 – 85,500

If Nifty breaks above 26,200 with volume, the next leg up could trigger.

Conversely, a dip below 25,500 may invite sharper corrections.

🏛 Major Stocks & Their Impact

Earnings from heavyweights continue to shape sectoral leadership.

Banking, auto and select tech names are in focus:

Positive surprise in private bank results supported the financial index.

IT majors remain volatile on margin concerns, keeping overall breadth moderate.

Commodity and metal stocks are under pressure due to elevated input costs and global supply-chain worries.

Watch for earnings updates today from large cap names — their performance will likely guide market direction.

📈 Open Interest & Put-Call Ratio (O I & PCR)

In derivative markets, OI build-up is notable around key strikes: for Nifty, around 26,000 Calls and 25,500 Puts. This suggests traders anticipate range-bound action unless a clear breakout materialises.

The Put-Call Ratio remains above 1.1, showing hedging activity rather than bullish betting — which means participants are cautious, not aggressive.

🎢 VIX – Volatility Index Insights

The India VIX (Volatility Index) remains moderate — not at panic levels — reinforcing the view of a consolidating market rather than one on the brink of collapse.

Typically, a VIX below 15 in India signals low fear; keep an eye on any sharp uptick above 18-20 as a red flag of sudden risk.

🆕 IPO Updates: New & Existing

The IPO market remains active but selective. While recent listings have gained interest, retail investors are increasingly wary of valuations.

New-issue companies with strong order books, profitability and sector relevance (in manufacturing, fintech or infrastructure) continue to garner attention.

Keep an eye on upcoming IPOs that appeal to long-term growth themes, rather than short-term hype.

🛢 Commodities & Currency Update

Gold / Silver: Precious metals continue to shine amid global uncertainty and softer real yields. Gold ~ ₹1.23L per 10grms and Silver~ 1.47L per kg

Crude oil: Elevated crude prices are adding risk for inflation and cost pressures across corporate India. Crude Oil ~ 61.7 per barrel

Currency: The Indian Rupee remains under pressure near ₹87.5per USD, driven by global flows and oil import burdens. A weaker rupee may impact inflation and margins.

🏁 Investment View: Short-Term vs Long-Term

Short-Term (Next 1-4 weeks)

Trade cautiously: Use dips near support ~25,500 (Nifty) or ~57,000 (Bank Nifty) for tactical entries.

Avoid chasing at highs without breakout confirmation.

Prefer stocks with seasonal strength (auto, select banks, consumption) and cut exposure in commodity and metal names.

Long-Term (12–36 months)

Focus on structural growth: infrastructure, renewable energy, export-oriented manufacturing, consumption in India.

Use corrections for accumulation — do not chase every rally.

Maintain diversification: equities should remain one core part, with a modest allocation (5-10 %) to gold for portfolio protection.

🧠 Advice from Kartalks

The marketplace today is in a waiting-mode: holding near highs, digesting recent gains and watching for a fresh trigger.

Global cues (U.S. inflation, Fed stance, energy prices), domestic earnings and India-U.S. trade deal progress will set the tone for the next move.

Use this phase to build conviction — not to chase momentum. Patience and discipline will serve better than frenzy.

⚠️ Disclaimer:

This article is for educational and information purposes only and does not constitute an investment recommendation. Investors should carry out their own research or consult a SEBI-registered financial adviser before making any investment decisions. Markets are subject to risks, including the risk of loss of principal. Past performance does not guarantee future returns.