Pre Market Report, July 22, 2015 | Stocks and Commodities

July 22, 2015
Time: 8.35 am

Pre Market Report:

1. US markets closed lower due to poor corporate results from IBM and United Tech.
2. Asian markets are down.
3. Gold is trading once again below US$1100.
4. Our corporate results also are not good except Infosys.
5. Despite Infosys rising by more than 10%, Nifty fell about 75 points.
6. Results from HUL, HDFC Bank were not upto the expectation.
7. Profit warning from Sun Pharma pulled the stock down by 15%.
8. Banking stocks fell after rise of NPA in HDFC Bank.
9. Whenever Parliament session is on, markets enter a turbulent phase.
10. Banking stocks may continue to fall in today's session also.
11. SGX Nifty is trading around 8515.
12. So optimism is wiped out and now markets may stabilise between 8480 and 8520.
13. There are no key corporate results today and that may be a good news for bulls.
14. Auro Pharma may be in focus today due to US FDA after Sun Pharma news yesterday.
15. Nifty future is expected to trade between 8480 and 8580.