Indian Stock Market Opening Bell 03 July 2025: Nifty, Bank Nifty Open Flat Amid Global Cues; Sector & Intraday Stock Picks
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Opening Bell: Indian Stock Market Update – 03 July 2025
Markets opened mildly positive on Thursday, following a volatile yet steady close in the previous session. Nifty 50 opened at 25,505.10 vs previous close of 25,453.40, while Bank Nifty edged higher at 57,050.00 vs close of 56,999.20. Sensex began the day at 83,540.74, slightly up from 83,409.69, and Financial Nifty started at 26,902.95, up from its last close of 26,861.70.
🌍 Global Market Cues
- US Markets: Dow Jones and Nasdaq closed mixed amid thin volumes ahead of the US Independence Day holiday. Tech stocks showed slight resilience.
- Asian Markets: Mostly flat to negative with Nikkei and Hang Seng under pressure due to soft economic data from China and Japan.
- SGX Nifty: Indicates a mildly positive to rangebound start, reflecting cautious optimism.
- Crude Oil: Brent holds steady around $86.25, giving comfort to energy-intensive sectors.
- Dollar Index & Bond Yields: Dollar Index trades near 105, while US 10Y yield slightly eases, supportive for emerging markets like India.
🔍 Technical Outlook
📌 Nifty 50:
- Resistance: 25,550 is the key intraday resistance. A breakout above may fuel momentum towards 25,700.
- Support: Immediate support seen at 25,400. A breach may attract selling towards 25,300–25,200 zone.
- Trend: Rangebound with slight bullish bias if 25,400 is protected.
📌 Bank Nifty:
- Resistance: 57,400 is the crucial resistance today. If sustained, may test 57,700+ levels.
- Support: 56,700 is the key support. Breakdown can lead to weakness towards 56,400.
- Trend: Consolidating between 56,700–57,400 with intraday volatility.
📈 Sectoral Trends to Watch
🔹 Bullish Bias:
- Auto: Monthly sales data supports upside, especially in PV and EV space.
- Pharma: Defensive buying seen amid global growth worries.
- FMCG: Steady input cost and monsoon coverage boost sentiment.
🔸 Weakness Expected:
- IT: Global slowdown fears keep pressure on largecap tech.
- Realty: Slight profit booking after recent rally.
- Midcap Financials: Under consolidation after steep moves.
🚀 Top Intraday Stocks to Watch (03 July 2025)
| Stock | CMP | Action | Target | Stop Loss |
|---|---|---|---|---|
| HDFC Bank | ₹2000 | Buy above 1908 | ₹2025–2035 | ₹1982 |
| Divi’s Lab | ₹6937 | Buy above 6925 | ₹7010–7030 | ₹6905 |
| Tata Motors | ₹690 | Buy near 670 | ₹720–730 | ₹645 |
| JSW Steel | ₹1060 | Sell below 1000 | ₹950–940 | ₹1098 |
| LTIMindtree | ₹5330 | Sell below 5315 | ₹5180–5150 | ₹5430 |
📢 CapitalKeeper Insights
Today’s market setup favors selective long trades in Auto, Pharma, and FMCG. However, Bank Nifty needs to sustain above 57,050–57,100 for bulls to gain control. Traders should stay nimble as volatility may increase post 11:30 AM, with possible profit booking around 2:30 PM.
📌 Pro Tip: Keep an eye on institutional flows, as FIIs have recently increased index longs from 37% to 39%—a subtle bullish hint.
🧠 Conclusion
With cautious global sentiment and flat domestic opening, Indian stock market today is expected to stay rangebound unless a directional breakout happens above key resistance zones. Watch out for intraday breakouts and sector rotation, especially in largecap defensives.
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