Pre Market Report, April 13, 2015 | Stocks and Commodities

April 13, 2015
Time: 8.40

Pre Market Report:

1. On Friday US markets closed positive.
2. So Asian markets are mostly positive.
3. On Friday, both FIIs and DIIs were net buyers.
4. IIP data that came on Friday evening was very good.
5. SGX Nifty is almost flat.
6. Capital Goods stocks will be in focus as experts feel that capex cycle may revive.
7. March auto sales figures were good and hence auto stocks may also be in focus.
8. Banking stocks will be in focus as SBI, HDFC, ICICI Bank all cut home loan rates.
9. LIC increased stake in NMDC is a good news for NMDC. Anyway it offers a very good value as dividend yeild is more than 6%.
10. HDFC got RBI clearance for 500 million ECB issue.
11. With all these news, markets may open sideways but may gain strength as we move.
12. After a good IIP data, short sellers may like to square off their trades ahead of CPI and WPI Inflation data and a public holiday.
13. Nifty future is expected to trade between 8760 and 8840.