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PRE MARKET REPORT, AUG 30, 2021

  • US markets closed on record highs as US Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole Symposium calmed fears over the tapering timetable and sent investors into the weekend in a buying mood
  • Asian markets trading mostly higher
  • SGX Nifty indicating a gap-up of 86 points
  • FIIs net sold shares worth Rs 778.75 crore while DIIs net bought shares worth Rs 1,646.19 crore
  • Need to keep a close watch on FIIs data today
  • Bharti Airtel will be in focus as it plans right issue of 21000 cr at Rs535/sh rights issue
  • Reliance Life Sciences has got approval for COVID vaccine
  • Nifty immediate support at 16,500 and resistance at 16,800
  • Bank Nifty support at 35,300 and resistance at 36,000
  • Nifty PCR 1.47 Bank Nifty PCR 1.01