PRE MARKET REPORT, MAR 08, 2022

  • US Markets fell sharply on Monday, Nasdaq is now 20% down from Nov 19 close confirming index has been in bear market
  • Asian markets dipped early morning following US markets
  • SGX Nifty indicating 100 point cut
  • FIIs net sold worth Rs 7,482.08 crore while DIIs net bought Rs 5,331.03 crore
  • Markets likely to remain volatile before any consolidation starts to happen
  • Bank Nifty now clearly seeing some sharp cuts indicating key Banking stocks are under pressure
  • Option data suggests a wider trading range in between 15500 to 16500 zones