Pre Market Report, December 16, 2014 | Stocks and Commodities

December 16, 2014
Time: 8.50 am

Pre Market Report:

1. Disappointing trading session in US once again.
2. Dow was up by more than 100 points in the morning but closed lower by 100 points.
3. There are so many good things happening in India.
4. First petrol and diesel prices reduced by Rs 2 per litre which is very good for auto sector directly and inflation indirectly.
5. There is agreement with regards to GST between states and centre which is a big reform push.
6. RBI allowed Banks to restructure infra loans above Rs 500 crore which is very good for Infra companies and Banks, NPAs of PSU Banks will go down.
7. But bad global cues is the only major issue.
8. FIIs selling has slowed down somewhat.
9. Rupee depreciation is another issue, RBI does not seems to be interfering.
10. Rupee is likely to open above 63 in today's morning trade.
11. IT sector down, Energy sector down, Metals down, Real Estate down.
12. Only promising sectors are Banking and Auto.
13. Nifty has corrected 300 points in this series, but Bank Nifty is up by 300 points in this series.
14. This shows the divergence.
15. Nifty although may open about 50 points lower as per indication by SGX Nifty, is likely to recover later.
16. Nifty future is likely to trade between 8180 and 8280.