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PRE MARKET REPORT, OCT 27, 2021

  • US Markets closed record higher on Tuesday
  • Asian markets are trading down
  • SGX Nifty indicating a negative start with 45 points loss
  • FIIs net sold shares worth Rs 2368.66 crore while DIIs net bought shares worth Rs 1385.41 crore
  • FIIs have been selling more than 2000 cr consecutively for the last four days and more than 10,000 cr in just last four days
  • Lot of Nifty 50 stocks will be coming with results today
  • Yesterday last half-hour rally was more of short covering rally
  • Markets will be volatile today and has been volatile for the last four days
  • Need to see if the gap-down is sustained need to see if FIIs still keep selling
  • Nifty PCR 0.79 and Bank Nifty PCR 0.96