PRE MARKET REPORT, AUG 06, 2021

  • US Markets closed higher yesterday on back of lesser unemployment benefits
  • Asian markets trading mixed for now
  • SGX Nifty indicating a flat opening with 18 points gain
  • FIIs net sold shares worth Rs 719.88 crore while DIIs net bought shares worth Rs 731.92 crore
  • RBI monetary policy today, eye on inflation commentary
  • Retro tax gone, Voda recovered all losses yesterday
  • Bulls in full control Nifty going through expansion logical for Nifty to move to 16,500 before consolidation
  • Bank Nifty fell yesterday on profit taking after 2 day rally
  • HDFC Bank, Kotak showing signs of a comeback
  • Hindalco, M&M, Voltas, Zee, SAIL, Nalco, Muthoot to come out with results today