PRE MARKET REPORT, OCT 20, 2021

  • US Markets closed higher with boost from tech and healthcare sector
  • Asian markets trading mixed in the morning
  • SGX Nifty indicating a positive start with 25 points gain
  • FIIs net sold shares worth Rs 505.79 crore while DIIs net sold shares worth Rs 2,578.22 crore
  • Yesterday profit booking came primarily from Tata Group stocks and Consumer durable stocks
  • Markets are likely to consolidate before any big results Reliance on Friday and ICICI Bank on Saturday
  • We can expect markets to be volatile today need to watch if Tata Group stocks stabilize or move further move down
  • Nifty PCR 1.49 and Bank Nifty PCR 0.92