Pre Market Commentary

Positive global cues have forced an otherwise cautious market to come within striking distance of 18K. Will the victory be short-lived? The Tuesday effect could well take place where the indices will open higher and could end weaker.


While the FII inflows (Rs29.48bn net inflows in five days) continue, the domestic funds have also turned buyers. The aided the ascent of the rupee to an almost 20-month high versus the dollar, appreciating nearly 4% this year.