4 Points to Keep in Mind Before Markets Open Today

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4 Points to Keep in Mind Before Markets Open Today

By Aditya Raghunath

Investing.com -- Indian markets are expected to be rangebound on the back of global cues and the RBI’s MPC (Monetary Policy Committee) meeting today. Nifty 50 Futures are flat and that gives an indication when Nifty and the BSE Sensex open today. There are four points that investors should look out for before markets open today:

RBI’s MPC meet: The RBI’s MPC will conclude its meeting today. It is expected that the Committee will leave rates unchanged.

FIIs continue to sell: FIIs (foreign institutional investors) net sold Indian equities for the second consecutive day on April 6. In the three trading sessions in April so far, they have net sold Rs 1,875 crore worth of Indian shares while DIIs (domestic institutional investors) have net bought Rs 195.23 crore.

Rising COVID-19 cases: COVID-19 cases in India are shooting up at an alarming level with cases going up by 1 lakh in just two days. Market participants should keep in mind that it is likely that markets will continue to move sideways and be range-bound unless there is paradigm shifting news.

Global Cues: US indices dropped slightly yesterday after Dow and S&P hit record highs on Monday. US futures are all trading flat as of this report. Asia is trading mixed with Nikkei 225 trading flat, KOSPI 50 up 0.19% and the Shanghai Composite down 0.73% as of this report.

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  • Milan Dhameliya @Milan Dhameliya
    nifty will move towards downside from tomorrow 👍
    Like 1
    • Suhan Sharma @Suhan Sharma
      @Milan Dhameliya we book 200 point of buying side
      Like 0
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      100
  • Milan Dhameliya @Milan Dhameliya
    nifty will move towards downside from tomorrow 👍
    Like 0
    • Rahul Chudasama @Rahul Chudasama
      @Milan Dhameliya What was the reasone behind it ?
      Like 0
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      100
  • Saravana Sundar @Saravana Sundar
    nifty will bounce back today
    Like 9
  • manoj sarangi @manoj sarangi
    sgx nifty is expected for a free fall this week..
    Like 5

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