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

December 1, 2014
Time: 8.50 am

Pre Market Report:

1. China PMI data came at 50.3 lower than expected figure of 50.5 against last month figure of 50.8.
2. That is affecting the sentiment in Asia.
3. Oil continued its fall, trading below US$70 for the first time in last many years.
4. Gold also fell by more than 2% and silver by more than 4%.
5. Crude oil falling, Petrol price cut, China's slower PMI all will work in favor of rate sensitives.
6. Slightly better than expected GDP, high expectation from RBI will work against rate sensitives.
7. So it may be a tug of war today.
8. Also monthly sales data of Auto and Cement companies, IIP data 
9. SGX Nifty is trading about 10 to 15 points lower as Asian markets are not trading firm.
10. US futures are in negative territory whereas European futures are slightly positive.
11. Nifty future is expected to trade between 8580 and 8680 with some volatility due to large number of data and ahead of RBI policy.