PRE MARKET REPORT--> Nifty Above 24,400, Sellers Under Pressure! Auto & Defence Stocks in Focus
After several sessions of volatility, the setup for today's market looks constructive. Global cues remain supportive, crude oil is stable, and FIIs have once again turned net buyers — all of which could help maintain a positive undertone.
Most importantly, recent price action suggests that sellers who turned aggressive at lower levels may now be getting trapped as the market continues to recover.
##Global Markets Provide Support
US Markets Close in Green
US equities ended the session higher, reflecting healthy risk appetite among global investors.
Positive global sentiment often provides a supportive backdrop for emerging markets, including India.
Crude Oil Remains Stable
##FIIs Turn Net Buyers
One of the biggest positives for the market has been the return of FII buying.
After prolonged selling at higher levels, foreign investors have started showing buying interest again, providing confidence to market participants.
##Sellers Appear Trapped at Lower Levels
Recent market action has shown a clear pattern:
• Every dip is attracting buyers
• Selling pressure is fading near support zones
##Sectors in Focus Today
AUTO