Pre-Market: What to watch before the bell
Global cues are mixed, a dozen companies report today, and FIIs stayed net sellers. Your two-minute setup.
Good morning. Here is the short version of what is on the table before markets open.
Global cues
Wall Street closed mixed overnight and Asian markets are trading flat-to-positive this morning. Crude is steady, and the rupee is holding its range against the dollar. No single overseas shock to price in.
Results today
A dozen companies report earnings today. Watch for revenue growth and margin commentary rather than just the headline profit number, which can be flattered by one-off items.
Flows
Foreign investors stayed net sellers in the previous session, while domestic institutions absorbed the supply. That tug-of-war has defined the tape for weeks.