PRE MARKET REPORT, SEP 01, 2021

  • US markets closed flat after rallying around record highs
  • Asian markets trading mixed
  • SGX Nifty indicating a flat opening with 18 points gain
  • FIIs net bought shares worth Rs 3,881.16 crore while DIIs net sold shares worth Rs 1,872.40 crore
  • FIIs buy in huge numbers after a gap of around 10 days of net selling
  • Massive buying by FIIs could lift sentiment in large caps
  • SEBI’s peak margin rule kicks in today
  • Auto sales for the month of August will be out today
  • Markets generally consolidate after two days of expansion
  • Nifty may consolidate between 17,100-17,200 zone
  • Big delivery buying in Bharti, Metal names
  • Axis Bank, ICICI Bank ADRs see big rally, Need to see if Bank Nifty can follow through the rally
  • Nifty PCR 1.37 and Bank Nifty PCR 0.98