Pre Market Report, October 10, 2014 | Stocks and Commodities

October 10, 2014
Time: 8.30 am

Pre Market Report:

1. Dow fell by 275 points on Tuesday.
2. Then rose 275 points on Wednesday.
3. Again fell 325 points on Thursday.
4. Such a huge one day up and one day down is very rare in US.
5. So today all Asian markets are down.
6. Despite such a big rally here yesterday, FIIs have sold in cash market.
7. Bears will keep this in mind in bringing the markets down.
8. But for medium term, our markets outlook is very good.
9. Brent Crude fell below US$89 today.
10. Petrol and Diesel prices are likely to come done in the next few weeks.
11. That will have some positive effect in inflation.
12. So rate sensitive stocks are likely to do well in the medium term.
13. SGX Nifty is trading around 7920 about 70 points lower.
14. Infosys results will make some impact.
15. Nifty is likely to trade between 7880 and 8000, a wide range today.