Indian Stock Market Anticipates Positive Opening

As of December 6, 2024, analysts from major global brokerages like JPMorgan and Goldman Sachs are closely monitoring stocks, including Bajaj Auto and Swiggy, with varying recommendations. The Indian stock market is showing positive signs with the Sensex and Nifty expected to open higher, influenced by a bullish trend and likely outcomes from the RBI MPC meeting. The Nifty has reached short-term targets, prompting analysts to raise their expectations, while significant buying activity from key players suggests continued upward momentum. Resistance levels for the Nifty are observed around 25,000, with support at 24,500, indicating a cautious but optimistic trading environment. Additionally, Vodafone is divesting a stake in Indus Towers to manage debt, reflecting ongoing market adjustments. Overall, the market sentiment appears cautiously bullish ahead of key financial announcements.