- US Markets closed mostly lower
- Asian markets are trading mixed
- SGX Nifty indicating a flat opening with 18 points gain
- FIIs net bought shares worth Rs 2,828.57 crore while DIIs net sold shares worth Rs 411.36 crore
- Nifty up 120 points; HDFC twins, ICICI, Kotak contributed 140 pts
- Market breadth was very poor, both in Nifty and Midcaps
- Market has seen 2 back to back strong days generally market consolidates after 2 days of strong rally
- Weekly expiry today, Call spread seen in yesterday’s trade
- Further rally possible if Nifty sustains above yesterday high of 16,290
- Bank Nifty may have more catch up but today could be volatile