Stock market opening: Sensex, Nifty to open higher? Check key trading levels

India Today

25-06-2025

The stock market is expected to open on a positive note on Wednesday, June 25, as global equity markets remain strong and tensions in the Middle East appear to be easing.A fragile ceasefire between Iran and Israel has helped calm investor nerves and improve market sentiment across Asia and other major regions.At 7:50 am, Gift Nifty futures were trading at 25,182, signalling that the Nifty50 may open higher than its previous close of 25,044.35. The market is likely to continue tracking global trends, with gains seen in the MSCI World Index and Asian shares touching their highest levels since early 2022.MARKET MOOD STABLE AFTER CEASEFIRE HOPESThe recent announcement of a ceasefire between Iran and Israel brought some relief to global markets. Though reports of early violations created some uncertainty on Tuesday, both countries have indicated that the air strikes have ended for now. This has helped reduce the fear of further escalation.'Judging by June's momentum, I recommend closely monitoring the support levels between 24,700 and 25,000,' said VLA Ambala, Co-Founder of Stock Market Today."We can expect Nifty to find support between 24,850 and 24,900 and meet resistance between 25,300 and 25,380 in the coming intraday trading session,' Ambala added.PROFIT BOOKING HALTED INDEX GAINSOn Tuesday, both Sensex and Nifty inched close to their nine-month highs during the session but eventually gave up gains. This was mainly due to profit booking triggered by reports of a brief ceasefire violation. However, market experts believe the underlying sentiment remains positive, especially if the geopolitical tension continues to cool.While the ceasefire is shaky, the public push by U.S. President Donald Trump calling out both Iran and Israel for breaking the agreement has helped reduce the chances of further immediate military action.Despite the positive mood, rising crude oil prices remain a concern. Oil had climbed to a five-month high earlier this week due to fears that conflict in the Middle East could disrupt supply. While the current pullback is a relief, prices are still elevated. This is not favourable for India, which depends on oil imports for its energy needs. High oil prices can push up inflation and impact the government's spending.On Tuesday, foreign portfolio investors sold Indian shares worth Rs 5,266 crore, according to provisional data. Experts say the selling could be linked to global uncertainties and high valuations, as the Indian market has seen a strong rally over the past few months.FOCUS ON HDB FINANCIAL IPOInvestors are also closely watching the launch of HDB Financial Services' initial public offering (IPO). Valued at $1.5 billion, it is expected to be India's biggest IPO of the year so far.The non-banking financial company raised Rs 3,369 crore from anchor investors on Tuesday, which included participation from large domestic and foreign funds.The IPO's success is seen as a key test for investor appetite in the primary market, especially in the financial services sector.As the trading session opens, market watchers will keep an eye on global developments, crude oil prices, foreign investor flows, and key technical levels. Overall, while short-term volatility remains possible, the market is expected to open on a firm note supported by strong global cues.- EndsMust Watch
advertisement