Pre Market Report, August 20, 2014 | Stocks and Commodities

August 20, 2014
Time: 8.15 am

Pre Market Report:

1. US markets rose once again.
2. But most Asian markets are flat, after rising for 6 consecutive days.
3. Our markets are also likely to consolidate.
4. SGX Nifty is trading about 10 points lower, at 7898.
5. Huge buying by FIIs will limit the downside.
6. Crude oil continue to trade close to $100.
7. Lower crude oil will benefit India in terms of lower foreign exchange out flow, lower subsidy and lower inflation.
8. Though Nifty will consolidate, stock specific movements will continue.
9. DVR shares are shooting up as Exchanges are considering including DVR shares in their benchmark indices.
10. Rate sensitive stocks are likely to do well.
11. Nifty future is expected to trade between 7870 to 7930