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PRE MARKET REPORT, JULY 16, 2021

  • US markets fell yesterday
  • Asian markets trading in negative territory
  • SGX Nifty indicating a positive start with with 30 points gain
  • FIIs net sold shares worth Rs 264.77 crore while DIIs net purchased shares worth Rs 439.41 crore
  • Local cues in terms of corporate results are looking good
  • Currently Tech stocks are leading the markets both Reliance and Banking stocks are not performing much
  • IT results remain strong, continues to support markets
  • Nifty hits record intra-day and closing high
  • Bank Nifty in focus ahead of HDFC Bank’s results tomorrow