Pre Market Report, July 31, 2015 | Stocks and Commodities

July 31, 2015
Time: 8.30 am

Pre Market Report:

1. US markets closed mixed but DOW recovered much of the losses.
2. Asian stocks are trading in Green.
3. China is volatile as usual.
4. SGX hit a high of 8508 but now trading marginally higher at 8485.
5. July series ended almost flat with bullishness in the first half and erasing all the gains in the second half due to China turmoil, P Note restriction news etc.
6. PSU Banks recovered after good results from Bank of Baroda after hitting 52 week low.
7. Kotak Bank will be in focus after declaring bad results after markets close yesterday.
8. Maruti may be under pressure after a news that LIC sold 2% of the shares as Maruti has run up from 3500 to 4300 in a short time.
9. ICICI Bank and L&T will be in focus ahead of its results today.
10. Markets look slightly bullish as people feel that PSU Banks have bottomed out. Bank of Baroda and PNB rose by about 10% yesterday is an example.
11. On the expiry day the premium for next month contract was only 30 points during last expiry but yesterday it was about 50 points.
12. Monsoon is near normal and hence rate cut hope is increasing in the next week RBI policy.
13. Nifty is expected to trade between 8200 and 8800 this series.
14. Today Nifty future is expected to trade between 8420 and 8520.