Pre Market Report, October 14, 2014 | Stocks and Commodities

October 14, 2014

Time: 7.30 am

Pre Market Report:

1. US markets fell drastically once again.
2. US markets fell nearly 5% in the last few days.
3. That erased the entire gain made in 2014.
4. But our markets are far from that level.
5. Good corporate results from Infosys, IndusInd Bank, Reliance and good news from Inflation front and continued fall in crude oil prices are good for India.
6. On the other side, continued selling by FIIs and very weak global cues are negative.
7. So with these positive and negative things balance out, markets are likely to be consolidating in the region 7800-8200.
8. SGX Nifty is trading at 7947 at this point of time.
9. Though US markets fell drastically, Asian markets have fallen only marginally.
10. Also US futures are trading high and that is supporting Asian markets.
11. Also Asian markets have fallen by 9% so far in the last one month and that is likely to bring value investors to the market.
12. Nifty future is likely to trade between 7900 and 8000.
13. Reliance and Banking stocks will be in focus.