Pre Market Report, April 7, 2014 | Stocks and Commodities

Sponsored by

April 7, 2014
Time: 8.35 am

Pre Market Report:

1. US markets fell on Friday.
2. But the fall was limited to Biotech and IT stocks which rose very high in the recent past.
3. So this correction may not be deep.
4. Asian markets are down.
5. SGX Nifty is trading slightly higher.
6. So we may not be affected by the bad global sentiment.
7. Recent opinion poll suggests that NDA is likely to get around 265, which is a positive news.
8. Pharma stocks will once again go up, as Sun Pharma is buying Ranbaxy.
9. Last Friday Ranbaxy rose by 8%, one of our readers asked us why, we did not know the reason.
10. Now we know why.
11. Ranbaxy is likely to open higher by Rs 10 to Rs 20.
12. Nifty future is likely to trade between 6720 and 6800.

Note:

1. We just got 2 responses for our quiz question and both are wrong.
2. We keep the quiz open until the end of the day today.
3. Today in our after market report, we will give the answer.