PRE MARKET REPORT, JUNE 03, 2022

  • US markets ended higher on Thursday with Dow closing 1.3% higher and Nasdaq closing 2.7% higher
  • Asian markets trading higher
  • SGX Nifty indicating gap-up opening of 190 points
  • FIIs net sold worth Rs 451.82 crore while DIIs net bought worth Rs 130.63 crore
  • FIIs unwind positions in Index futures Longs at 42%
  • Nifty holds 20 DMA, 50 DMA at 16,885
  • Beaten down sectors, stocks may see bigger rally
  • IT may see more near-term rally this month