Pre Market Report, March 23, 2016 | Stocks and Commodities

March 23, 2016
Time: 8.30

Pre Market Report:

1. US markets closed mixed.
2. World markets fell yesterday due to suicide attack in Belgium.
3. Despite that bad news, Nifty shot up by more than 50 points between 2 pm and 3.30 pm.
4. FIIs once again have bought for more than 1000 crores in Cash market.
5. Bank Nifty future crossed 16000 in yesterday's trade.
6. That is a huge rise of about 2500 points from Budget day low of about 13500.
7. SO far this month, Realty index, Bank index, Metal index all rose more than 15%.
8. Pharma sector was the only laggard rising less than 1%.
9. Yesterday ITC fell due to steep hike in cigarette prices.
10. SGX Nifty is trading almost flat with positive bias.
11. Maruti will be in focus as it rolls out Brezza model.
12. Reliance Infra broke out yesterday, the momentum may continue in that counter.
13. Auro Pharma is a shining star among Pharma stocks.
14. Nifty future is likely to trade between 7680 and 7780.