Pre Market Report, April 15, 2015 | Stocks and Commodities

April 15, 2015
Time: 8.25 am

Pre Market Report:

1. US markets ended mixed.
2. Most Asian markets are positive marginally.
3. SGX Nifty is trading around 8840 which is about 15 points lower.
4. I think, that will get adjusted when the markets open.
5. Monday's Inflation data was a positive surprise.
6. Today WPI data is due.
7. So Banking stocks will be in focus.
8. On Monday Banking stocks under performed the broader markets.
9. DCB Bank came out with a good set of numbers which may boost the sentiments in Indus Ind Bank and Yes Bank and other private sector banks also.
10. ACC also came with decent set of numbers and there may be some short covering in this counter.
11. The overall market set up looks like sideways move with positive bias until key results start coming in.
12. Markets may make a decisive move only next week.
13. Today Nifty future is expected to tarde plus or minus 40 to 50 points from yesterday's close.
14. Buying may emerge at lower levels and selling may emerge at higher levels.