Pre Market Report, March 1, 2016 | Stocks and Commodities

March 1, 2016
Time: 8.50 am

Pre Market Report:

1. US markets closed lower despite China's RRR cut. (RRR - Reserve Requirement Ratio)
2. Asian markets are aslo marginally down except China and Hong Kong.
3. Despite RRR cut, China markets are also not significantly up, they are just marginally higher.
4. SGX Nifty is trading around 7050, higher by about 35 points.
5. Now people expect RBI to cut rates and that is why banking stocks are higher.
6. Axis Bank fell due to large exit by some institutions.
7. Despite that Banking stocks were higher yesterday.
8. Today Kotak Bank will come under pressure due to large deals.
9. Our markets will continue to be under pressure due to huge FII selling.
10. As long as Nifty is trading above 6980, we can hope for some recovery in the days to come.
11. Today Auto stocks will be in focus due to the release of monthly sales data.
12. Two months of huge volatility in January and February, let us see how March pans out.
13. Nifty is likely to trade between 6980 and 7080.