Pre Market Report, December 8, 2014 | Stocks and Commodities

December 8, 2014
Time: 8.50 am

Pre Market Report:

1. US markets closed at record high after jobs' data.
2. Asian markets are firm.
3. SGX Nifty is trading almost flat.
4. Infosys founders plan to sell over Rs 6000 crores worth of shares at 4% discount to the Friday's close.
5. So Infy is likely to open 4% lower and that will bring overall bearishness to the Nifty.
6. Markets may stabilise and move higher later in the afternoon.
7. Today crude prices have fallen by more than US$1, now trading around US$68.
8. Falling crude prices and positive global cues are positive things.
9. Institutional selling on Friday in cash market and Infosys share selling are negative things.
10. So the markets may be volatile within a range.
11. Nifty future should take support at 8540.
12. Resistance will be at 8620.