1. U.S Markets closed lower Yesterday.
2. Right now , dow futures are flat.
3. Asian markets are higher.
4. SGX Nifty is up 60-70 Points.
5. There's no point discussing Global markets today.
6. As we are dealing with our own local issues as of now and also have a big event coming up
7. Let's discuss about Adani issue.
8. Yesterday the main stock Adani Enterprises was steady
9. I think for short term the problem is being dealt with by the Adani group.
10. If their FPO Sails through then they won't have much of an issue.
11. Else their worries will multiply.
12. Also Hinderberg allegations were mostly of overvaluation of stocks
13. It was not of business fraud.
14. Why are we discussing this is because it impacts the stock market.
15. When there is a problem in a big group all the Banks etc that have lent money suffer.
16. Tomorrow is the big budget day.
17. Markets have been extremely volatile before the budget.
18. We also have had a big downfall pre budget.
19. Global markets are also directionless
20. Only the budget can change the sentiment now.
21. FII"s have sold a mammoth 6700 crore Yesterday
22. This is a record sell figure in last 4 months.
23. Yesterday was a huge Volatile day.
24. Such Volatility should continue till budget.
25. Nifty might trade between 17500 to 17800 today.