• Comments Off on PRE MARKET REPORT, MAY 02, 2022

PRE MARKET REPORT, MAY 02, 2022

  • US Markets slid to deepest daily loss since 2020. Nasdaq declined 4.17% while Dow declined 2.77%
  • Asian markets trading lower
  • SGX Nifty indicating huge gap-down of over 250 points
  • FIIs net sold worth Rs 3,648.30 crore while DIIs net bought worth Rs 3,490.30
  • GST collections at all time high
  • Most results over weekend have been good
  • Nifty so far has been rejecting higher end range of 17,300 last week
  • Nifty could again test lower end of range at 16,824-16,950
  • A clear trend could emerge after FOMC meet
  • IT remains weak, any recovery needs to come from Banks and Reliance