Pre Market - Snapshot - 07-09-2021

 


Global equities rallied on Monday led by Japanese markets that moved to multi-year highs, the mother market US was closed for trade on account of labour day holiday. 


US dollar index moved slightly higher near 92.20, first time in 5 days. 10 year also traded flat with small upside bias near 1.33%. 


Crude futures traded steady post Saudi price cuts of close to 1$. Brent traded above 72, WTI just below 69. 


Indian stocks rallied to fresh life highs, Sensex added 0.29% and Nifty added 0.31% to overnight close. Realty and IT stocks were the top gainers followed by some metal names. Mid and small cap indices also rose 0.18% and 0.59% respectively. 


For the day expect some consolidation in new high zone with stock specific outperformance. Continue to lighten up postions at every rise for probable givebacks towards second half of September.

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