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

August 11, 2014
Time: 8.15 am

Pre Market Report:

1. US markets shot up on Friday after a news that Russia was working to deescalate tension in East Ukraine.
2. So Asian markets are up.
3. SGX Nifty is trading around 7740, which is about 50 points higher than the Friday's close here.
4. There were few positive developments over the week end.
5. One, there was no escalation of tension in Iraq.
6. Second, FM insisting RBI to cut rates to spur the growth.
7. Third, SEBI allowing Infra and Real Estate companies to raise funds through REITs.
8. Adani Ent. declared very good results over the week end.
9. That stock is likely to go up by 3 to 4% today.
10. Banking stocks are likely to do well today.
11. Nifty future is likely to trade between 7600 and 7680.