Indian stock markets are expected to open higher today, September 8, 2025, mirroring positive cues from Asian markets and sustained optimism surrounding GST reforms.

Market Overview

Early trading indications suggest a positive start for the NSE Nifty 50 and BSE Sensex. The Gift Nifty was trading at a premium, hinting at a favorable opening for the Indian benchmark indices. Most Asian-Pacific markets are also trading higher, providing additional support to the Indian market.

On Friday, September 5, the domestic equity market closed with minimal change, as profit booking in consumer and IT stocks offset gains in the auto sector. The S&P BSE Sensex slightly declined by 7.25 points, closing at 80,710.76, while the NSE Nifty 50 edged up by 6.70 points to close at 24,741.00.

Sensex and Nifty Predictions

The BSE Sensex is expected to face resistance in the 81,000-81,500 range, with support around 79,700. A break below this support level could lead to a further downside risk towards 79,300 if selling pressure intensifies. Sustained upward momentum will likely depend on banking and large-cap financials' participation.

The Nifty 50 index formed a hammer candlestick pattern on the daily chart, suggesting buying interest at lower levels. For the week, the Nifty 50 gained 1.29%, forming an inside bar pattern on the weekly scale, indicating consolidation within a broader range. The index is likely to face resistance around the 25,000 mark. Analysts suggest that volatility may persist as the index consolidates below this level, favoring stock-specific strategies over index-based trades.

Factors Influencing the Market

• GST Reforms: Continued positive sentiment surrounding Goods and Services Tax (GST) reforms is expected to buoy the market.
• US Federal Reserve Rate Cut Expectations: Expectations of a rate cut by the US Federal Reserve are also contributing to the positive sentiment. Lower interest rates in the United States typically make emerging markets like India more attractive to foreign investors.
• Asian Market Trends: Positive trends in Asian markets are likely to support Indian benchmark indices.
• FII and DII Activity: Foreign portfolio investors (FIIs) were net sellers of Indian stocks for the tenth consecutive session on Friday, offloading stocks worth ₹1,305 crore. However, domestic institutional investors (DIIs) continued their buying streak for the ninth session, purchasing stocks worth ₹1,821 crore.
• Global Cues: Investors will be closely monitoring global cues and FII activity.

Swiggy Stock Update

Shares of food delivery companies like Swiggy are expected to be in focus. Swiggy’s shares have exhibited some volatility recently. Motilal Oswal has upgraded Swiggy to a "buy" rating, suggesting a 32% upside potential. However, Swiggy shares have also fallen this year due to poor financial results, with the company experiencing losses despite revenue growth.

Swiggy reported a net loss of Rs 1,197 crore in Q1FY26, despite a 54% YoY revenue increase to Rs 4,961 crore. The company is focusing on improving food delivery margins, expanding Instamart, and implementing affordability initiatives to drive user growth.

Technically, Swiggy is trading above its 50-day moving average, and the Relative Strength Index (RSI) is in bullish territory. The stock is enjoying support from a rising trendline and a breakout from an Inverted Head and Shoulders pattern, suggesting a potential up move.

Note: This analysis is based on available information as of September 8, 2025, and should not be considered financial advice. Market conditions are subject to change, and investors should conduct their own research before making any investment decisions.