PRE MARKET REPORT, JUNE 24, 2021

US Markets closed marginally lower Asian markets also trading mixed SGX Nifty indicating a flat start of 19 points gain FIIs net bought shares worth Rs 3,156.53 crore and DIIs net purchased shares worth Rs 1,317.20 Nifty now has corrected to 20 DMA of 15,680, Is this start of a correction to 50 DMA of […]

PRE MARKET REPORT, JUNE 23, 2021

Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains Asian markets trading mixed SGX Nifty indicating a positive start with 40 points FIIs net sold shares worth Rs 1,027.94 crore while DIIs net purchased shares worth Rs 302.45[…..]

PRE MARKET REPORT, JUNE 22, 2021

US Markets rallied on Monday with Dow completing its strongest session in over three months Asian markets trading higher, Japan leading Nikeei 225 jumped 2.33% in the morning session SGX Nifty indicating a positive start with 50 points FIIs net sold shares worth Rs 1,244.71 crore while DIIs net purchased shares worth Rs 138.09 crore[…..]

PRE MARKET REPORT, JUNE 21, 2021

US markets ended sharply on Friday as Wednesday’s hawkish turn by the Federal Reserve continued to weigh on sentiment. US Dow Future slipped 0.3% SGX Nifty trades at 15,558, down 190 points. Asian stocks slid Monday after traders soured on the reflation trade in the wake of a hawkish pivot by the Federal Reserve. FIIs[…..]