PRE MARKET REPORT, OCT 8, 2021

  • US Markets closed higher on Thursday
  • Asian markets trading higher
  • SGX Nifty indicating a positive start with 35 points gain
  • FIIs net sold shares worth Rs 1,764.25 crore while DIIs net bought shares worth Rs 2,528.64 crore
  • Yesterday all Auto stocks did very well generally in a Bull market sectorial rotation happens if a particular sector is overvalued they book the profit and move to undervalued sector/stocks
  • RBI policy later today and markets expecting no change in interest rates, any comment by RBI Governor dovish or haukish that may play a role in Bank Nifty
  • Result season starts from today TCS will be declaring results post market today
  • Nifty PCR 1.12 and Bank Nifty PCR 0.98