Pre Market Report, October 1, 2014 | Stocks and Commodities

October 1, 2014
Time: 7.40 am

Pre Market Report:

1. US markets were volatile due bad economic data and rumor of Russia bringing in Capital control, which was denied by Russia's Central Bank.
2. Finally all indices in US ended marginally lower.
3. Most Asian markets are down initially, some recovered later.
4. Key markets, Hong Kong and China, are closed today.
5. Today a lot of news will be there to make markets volatile, Maruti will react to the news that it is recalling about 70000 cars for fixing some problems.
6. Then Auto companies will declare monthly sales figures.
7. Cement companies will also declare their monthly sales figures.
8. China PMI came at 51.1, slightly above expectation.
9. AT 10.30, India's Manufacturing PMI will be declared by HSBC.
10. In the afternoon, Europe markets are likely to open negative.
11. Manufacturing PMI from German will be watched closely in the afternoon as thta figure brought the entire Europe down few weeks before.
12. Nifty future is likely to trade between 7940 and 8060.