Pre Market Report, December 26, 2014 | Stocks and Commodities

December 26, 2014
Time: 8.35 am

Pre Market Report:

1. China markets shot up by 3% yesterday after falling 6% in the preceding two days.
2. Today also it is up by about 1%.
3. China central bank waived of reserve requirements for NBFC deposits.
4. Today morning there is a news floating around that China central bank may do the same to Banking deposits also.
5. Saudi Arabia's budget assuming US$80 per barrel for Brent Crude in 2015 bringing some cheer in Crude oil market.
6. SGX Nifty is trading around 8290 about 15 points higher than Wednesday's close here.
7. Considering the 100 point premium on Wednesday over the spot close, this is very good.
8. PM's meeting with bankers likely to add positive sentiment to banking stocks.
9. Reliance Capital will be in focus after getting strategic partner as soon as ordinance on Insurance was issued.
10. Sumitomo Trust Bank will buy 2.77% stake in Reliance Capital.
11. After so many volatile sessions, today our markets will trade with less volatility.
12. Nifty future is likely to trade between 8260 and 8340.