Pre Market Report, December 30, 2014 | Stocks and Commodities

December 30, 2014
Time: 8.20 am

Pre Market Report:

1. US markets closed flat with Dow down slightly and S&P 500 and Nasdaq up slightly.
2. Asian markets story also the same.
3. But SGX Nifty is going all over the places.
4. Since our markets closed at 3.30 pm yesterday, SGX Nifty traded between 8293 and 8360.
5. There was a news that Ministry of Finance insisting RBI to cut rate before next RBI policy meet.
6. That was reflected in bond prices yesterday.
7. If there is substance in that news, then one can expect rate cut after January Inflation data.
8. Bank Nifty is likely to outperform in case if interest rate is cut in January series.
9. DIIs are buying even in rising markets and the reason may be this kind of privileged informtion. 
10. Excise duty cut extension for auto sector news, rate cut news and Ordinance on land acquisition are all on positive side and Greece issue and hence global cues are on negative side.
11. Markets are highly volatile due to low volume.
12. That may continue today also.
13. Yesterday Nifty was up and Bank Nifty was down, but open interest gone up in both, that is a confusing signal.
14. Nifty future is likely to trade between 8280 and 8360.
15. Most world markets will be closed for next few days and we have to see how our markets perform during this period.