Pre Market Report, August 17, 2015 | Stocks and Commodities

August 17, 2015
Time: 8.25 am

Pre Market Report:

1. Friday US markets closed positive in the last few hours after trading flat to negative earlier.
2. Asian markets are mixed.
3. China and Hong Kong are down and few other Asian markets are up.
4. SGX Nifty is trading around 8525.
5. Friday Bank Nifty shot up by short covering and fresh longs.
6. FM announcement after markets hours has no material change to PSU Banks.
7. Big positive is the recapitalisation which was announced earlier and that was factored into the prices.
8. Now the key expectation is RBI rate cut after 4 decade low of WPI Inflation data on Friday.
9. People expect RBI to cut rate before the next policy meet.
10. Petrol prices cut will put Auto and Oil Marketing companies in focus.
11. Cipla will be in focus after good results. Last few quarters Cipla did not declare good results.
12. Tata Motors will be in focus after a fall in JLR sales.
13. With results season over and key data are over, markets are likely to consolidate if there is no rate cut by RBI.
14. The positive momentum may continue towards the end of this series due to the expectation of Parliament Special Session for GST by the end of the month.
15. Today Bank Nifty may come down a bit (if there is no rate cut by RBI before 9.15 am today, which is unlikely) in today's session.
16. Nifty is likely to trade between 8480 and 8580.