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PRE MARKET REPORT, MAR 27, 2022

  • US Markets closed higher on Friday with financial stocks rose after benchmark Treasury yield jumped to its highest level in nearly three years
  • Asian markets trading lower
  • SGX Nifty indicating flat start with 8 points gain
  • FIIs net sold worth Rs 1,507.37 crore while DIIs net bought worth Rs 1,373.02
  • Nifty currently trading in bigger range of 17,000 to to 17,400 with huge intraday volatility
  • Bank Nifty can lead the upward rally if starts to trade above 20 DMA of 35,171 for a test to 200 DMA of 36,700
  • Markets to react on PVR-Inox merger
  • Nifty PCR at 0.94