Pre Market Report, July 11, 2014 | Stocks and Commodities

July 11, 2014
Time: 9 am

Pre Market Report:

1. Yesterday markets were sol volatile, I had to concentrate my portfolio and hence could not write 'Mid Market Report'
2. Also the stress level was so high, I did not write 'Post Market Report' also.
3. Yesterday's budget was in line with expectation.
4. So the markets shot up just after the budget.
5. But the news came in the afternoon that Portugal Bank having problem, all European markets fell drastically.
6. Dow futures also traded about 150 points lower.
7. So suddenly selling came here and wiped out entire gain and closed negative.
8. But the damage was restricted to Europe. US markets wiped out half of the losses by the time they closed yesterday.
9. Also many Asian markets are trading positive.
10. European futures are also trading slightly positive.
11. SGX Nifty is also trading slightly positive.
12. Today's market movement will be decide by Infosys results and IIP data.
13. Both are likely to be positive.
14. Do not be surprised if there is some short covering towards the end of the day.