Pre Market Report, August 3, 2015 | Stocks and Commodities

August 3, 2015
Time: 8.45 am

Pre Market Report:

1. Asian markets are down due to poor China PMI data.
2. China and Hong Kong are volatile.
3. SGX Nifty closed above 8600 on Friday.
4. Today it opened at 8600, but due to poor China PMI data it is trading almost flat at 8575 now.
5. Maruti and Ashok Leyland declared healthy monthly sales data.
6. M&M sales were down by 3%.
7. After huge cut in petrol and diesel prices and good monthly sales data, Auto shares will be in focus.
8. Though every one is saying that there will be no rate cut, every one is on the conservative side but expecting a rate cut tomorrow.
9. Core sector growth came at 3% which is lower than previous month.
10. Banking stocks will be in focus ahead of RBI policy.
11. Nifty is likely to consolidate after a huge gain on Friday.
12. Nifty future is expected to trade between 8540 and 8620.