02nd May 2025 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 24334.20

Benchmark indices Sensex and Nifty 50 ended a volatile trading session on April 30
At the close of trade, Sensex slipped 0.06 percent, or 46.14 points to settle at 80,242.24
while the Nifty edged lower by 0.01 percent or 1.75 points, to end at 24,334.20
FIIs extended their buying on 11th consecutive session on April 30 as they bought equities just over Rs 50 crore
DIIs also extended their buying on fourth day as they bought equities of Rs 1792 crore
Results Today :
Marico, Godrej Properties, Archean Chemical Industries, Aether Industries, City Union Bank, Gravita India, Indian Overseas Bank, Jindal Saw, Latent View Analytics, Parag Milk Foods, PNB Gilts, R R Kabel, Sanofi Consumer Healthcare India, Subex, Sunteck Realty, Tatva Chintan Pharma Chem, and V-Mart Retail will release quarterly earnings on May 2
Results on May 3
State Bank of India, Kotak Mahindra Bank, Avenue Supermarts, Indian Bank, Utkarsh Small Finance Bank, Voltamp Transformers, and Netweb Technologies India will announce their quarterly earnings on May 3
Wall Street stocks rallied and gold prices slid on Thursday as solid earnings from big tech bolstered investor risk appetite
All three major U.S. stock indexes began the month with solid gains
Meta Platforms +4.2% posted stronger-than-expected revenue. Mark Zuckerberg said “business is well positioned to navigate the macroeconomic uncertainty
Microsoft +7.6% reported a beat in results.
Dow Jones Industrial Average rose 83.42 points, or 0.21%
S&P 500 rose 35.04 points, or 0.63%
Nasdaq Composite rose 264.40 points, or 1.52%
Apple -4% after posting fiscal second-quarter revenue from its Services division that fell short against Wall Street’s estimates.
iPhone maker also said it expects to add $900 million in costs in the current quarter due to tariffs
Amazon -2% after issuing light guidance and highlighting “tariffs and trade policies” as factors
10-year Treasury yield at 4.24%
Dollar Index at 100
Yen tumbles with BOJ on hold
Brent Crude slips to 62.4$/barrel
Higher supply weighs on prices
Trump imposes new Iran sanctions
OPEC+ countries will meet on May 5 to decide a June output plan
Bitcoin at 97004$
Gold slips to $3,211/ounce, 2 week low
Silver at $32.1/ounce
Asian markets were set to higher opening for the index
Nikkei up 0.7% and Hangseng up 1%

GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 24380 and 24420
If stays above 24420 will try to move next resistance24460

Nifty can be considered as supports 24300 and 24260
Below 24260 finding a next support around 24200

Updated: 08.51 am / 02nd April 2025