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PRE MARKET REPORT, MAY 06, 2022

  • US Markets collapsed yesterday with Dow falling 3% and Nasdaq falling 5%
  • Nasdaq at 52-w low, S&P and Dow within 1% of that
  • Asian markets declined following cues from US markets
  • SGX Nifty indicating gap-down of over 250 points
  • FIIs net sold worth Rs 2,074.74 crore while DIIs net bought worth Rs 2,229.31 crore
  • IT stocks likely to decline taking cues from Nasdaq
  • Nifty first hour high/low needs to be watched very carefully