Pre Market Report, June 2, 2015 | Stocks and Commodities

June 2, 2015
Time: 8.50 am

Pre Market Report:

1. US markets closed positive.
2. Asian markets are mixed.
3. SGX Nifty is marginally up.
4. RBI policy is the main action today.
5. Adani Ent. contracts will expire today, so that counter will be highly volatile as about 49 lakh shares have to be squared off today.
6. Auro, Lupin and Cipla will be in focus as there are positive news for these companies.
7. Private sector banks will be in focus as they fell yesterday, people are looking to short at higher levels.
8. Selling may come in Bank Nifty if it touches 19000.
9. Rate cut is one thing and RBI view about future rate cut is another thing, so that will make markets volatile.
10. Difficult to predict the Nifty levels on day like this.