Business & FinanceNews
Bank Nifty May Open Higher on May 5 as GIFT Nifty and Global Sentiment Turn Positive
Bank Nifty likely to open with strong gains following a 113-point surge in GIFT Nifty; rate-sensitive stocks may lead the rally.
Key Highlights:
Bank Nifty Opening Prediction: Bullish Start Expected on May 5, 2025
The Bank Nifty is expected to open higher today, tracking the 113-point rally in GIFT Nifty and strong signals from global markets. Analysts anticipate banking stocks to lead gains on the back of improving macro signals and easing rate expectations.
Why a Positive Opening Is Likely
- GIFT Nifty’s Strong Lead: A 0.46% jump in GIFT Nifty often translates to broad market strength, especially in financials
- U.S. Bank Rally: Wall Street banking stocks closed higher last Friday, boosting global confidence in the sector
- Stable Interest Rate Outlook: With central banks holding rates steady, banking margins remain strong
- Muted Global Markets Today: With Japan, China, and Korea closed, India becomes a focus point for global funds
Key Technical Levels for Bank Nifty
- Expected Opening Range: 52,950 – 53,100
- Major Resistance Zones: 53,400 / 53,750
- Support Levels: 52,600 / 52,250
- Technical Sentiment: Positive bias with chances of breakout above 53,400 if momentum sustains
Sectoral Highlights to Watch
- Private Sector Banks: HDFC Bank, ICICI Bank, and Axis Bank may see buying interest
- PSU Banks: SBI and Bank of Baroda likely to benefit from FII inflows
- NBFCs: Bajaj Finance, HDFC Ltd. could gain on firm bond market cues
Banking stocks are well-positioned to extend gains if broader market sentiment holds.
What Happens Next
Traders should watch:
- Intra-day volatility from FII/DII activity
- RBI bond auction data
- Credit growth commentary from major banks
- Global yield trends and dollar-rupee movement
If the rally sustains above 53,400, Bank Nifty could enter a new short-term uptrend with target zones near 54,000.
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