Pre Market Report, June 23, 2014 | Stocks and Commodities

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June 23, 2014
Time: 8.40 am

Pre Market Report:

1. US markets closed positive on Friday.
2. Asian markets are up.
3. China Manufacturing index came above 50 which is a positive surprise.
4. Markets were expecting below 50 as was the case in the last few months.
5. But Indian markets are reacting to oil prices rather than global cues in the last few days.
6. Rebels in Iraq have captured four more towns which is a negative news for our markets.
7. Because of this news oil prices are firm.
8. Also we will be reacting to Railway fare hike.
9. How the markets are going to read this is a million dollar question.
10. We feel that markets will make at least one percent move on either direction, which direction that we do not know.
11. SGX Nifty is trading about 20 points higher.
12. Once again, SGX Nifty is an indication only for opening, markets did not follow SGX Nifty levels in the last 8 to 10 trading sessions.