Pre Market Report, December 23, 2014 | Stocks and Commodities

December 23, 2014
Time: 8.40 am

Pre Market Report:

1. US markets closed firmly in Green.
2. But Asian markets are marginally high.
3. SGX Nifty is trading at 8355 about 20 points higher.
4. Banking stocks on fire, particularly PSU Banks.
5. BOB is going for stock split after SBI and PNB.
6. Allahabad Bank going for QIP issue.
7. Jharkhand and J&K results will move the markets today.
8. Exit polls indicated clear victory for BJP in Jharkhand and Hung Assembly in J&K with BJP as second largest party.
9. In case if BJP wins both states, markets will shoot up.
10. Nifty future is likely to take support at 8280.
11. Resistance will be at 8380.
12. Markets will be volatile ahead of expiry tomorrow due to expiry related issues and Election results.