Mid Market Report, November 6, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 6, 2013
Time: 12.30 pm

Mid Market Report:

1. Markets are moving as expected.
2. Downside will be limited today.
3. Europe will open slightly positive.
4. A number of key companies will be declaring results from today to Friday, that include Tata Motors, PNB, DLF, Tech Mahindra, BHEL, ABB, Indian Bank, UCO Bank, Mcdowell etc.
5. US futures trading positive.
6. Crude is trading lower at about $105 and that is good for India.
7. Markets all over the world are consolidating ahead of US GDP and Unemployment report.
8. Cognizant results and lower rupee supporting IT stocks.