Pre Market Report, January 13, 2014 | Stocks and Commodities

January 13, 2014
Time: 8.40 am

Pre Market Report:

1. US markets ended lower.
2. That ia mainly due to fall in crude prices.
3. Crude oil fell by 5% as Goldman Sachs revised the target for Brent Crude as US$42 per barrel.
4. Asian markets are trading green.
5. SGX Nifty is also trading higher at around 8390.
6. Export-import data that came from China was positive.
7. Our markets will react to the positive IIP and Inflation data today. Also FIIs buy figure in cash market will boost the sentiment of the bulls.
8. IndusInd Bank results will also affect the movement of Bank Nifty. The stock is already trading at all time high and it was up by more than 4%.
9. Few days before I have written that according to my friend, Bank Nifty is likely to cross all time high again in January series itself.
10. Nifty future is expected to trade between 8340 to 8460.