PRE MARKET REPORT, OCT 22, 2021

  • US Markets closed mixed with Dow closing almost flat and Nasdaq closing higher
  • Asian markets trading higher
  • SGX Nifty indicating a positive opening with 26 points gain
  • FIIs net sold shares worth Rs 2,818.90 crore while DIIs net bought shares worth Rs 428.45 crore
  • Yesterdays low now hold crucial support to be watched
  • RIL will be coming up with results post market hours and has corrected ahead of the results
  • JSW Steel has come up with very good results can expect some bounce back along all metal stocks
  • Auto, Metal and IT stock will be in Focus
  • Bank Nifty has been resilient despite Nifty underperforming and Bank Nifty getting good support from PSU Banks
  • Nifty PCR 0.78 and Bank Nifty PCR 0.94