• Comments Off on PRE MARKET REPORT, JULY 27, 2021

PRE MARKET REPORT, JULY 27, 2021

  • US markets closed at record highs
  • Asian markets trading mixed
  • Hong Kong fell more than 4% yesterday due Chinese regulatory action against Tech companies and now again trading 1% lower
  • SGX Nifty indicating a gap-up of 45 points
  • FIIs net sold shares worth Rs 2,376.79 crore while DIIs net purchased shares worth Rs 1,551.27 crore
  • FIIs have sold stocks worth Rs 14,745 cr in July
  • Heavy Option writing seen at 15,900 Call, 15,800 Put
  • Reliance, HDFC Bank put together have 20% weight in Nifty
  • This month: HDFC Bank down 4.2%, Reliance down 1.6%. Despite that markets have not fallen
  • Axis Bank and LT will be reacting to results today
  • IndusInd Bank will declaring results during market hours
  • Looking at OI markets may continue to be range bound