• Comments Off on PRE MARKET REPORT, JAN 31, 2022

PRE MARKET REPORT, JAN 31, 2022

  • US Markets closed significantly higher on Friday
  • Asian market trading mixed
  • SGX Nifty indicating gap-up of 170 points
  • FIIs net sold shares worth Rs 5,045.34 crore while DIIs net bought shares worth Rs 3,358.67 crore
  • FII selling intensifies in cash and futures
  • FIIs have now sold $5 bn in equities in Jan in cash markets
  • FII long exposure in Index futures down further to 28%
  • Market in for powerful short covering in first hour
  • Nifty on Friday ended at lows and 270 points off highs
  • IT has shown some signs of ending the correction
  • IT Index has fallen to just 3% above the 200 DMA
  • Key for market again would be Bank Nifty, up 6.2% this month