Pre Market Report, September 8, 2014 | Stocks and Commodities

September 8, 2014
Time: 8.15 am

Pre Market Report:

1. SGX Nifty is trading about 30 points higher.
2. Many Asian markets are closed.
3. China export data came slightly higher than expected.
4. Friday's FII data, US markets positive close, better Chinese data and SGX trade all point towards positive bias for our markets.
5. As I have stated in the weekend, markets are likely to be in the consolidation mode with positive bias.
6. Tomorrow Supreme court ruling regarding coal blocks will also be an important event to watch.
7. So ahead of such events, Metal stocks are likely to be under pressure.
8. Nifty future is expected to trade between 8100 and 8180.
9. Banking stocks may out perform as they have been under performing for the last three trading sessions.
10. Crude oil continue to trade closer to US$100 and that is very good for India.