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

June 1, 2016
Time: 8.40 am

Pre Market Report:

1. US markets closed mixed after a volatile session.
2. Asian markets are mixed.
3. China Manufacturing PMI data came slightly better than expected.
4. So both China, Hong Kong and Taiwan are trading in Green.
5. South Korea also turned positive from negative.
6. Other markets are down.
7. SGX Nifty traded between 8180 and 8220.
8. Our GDP data, Core Sector growth data, Fiscal Deficit data all came very positive.
9. Despite not so good global cues, our markets are likely to do well.
10. Axis Bank will be in focus as FII limit has been increased.
11. OMC will be in focus as Petrol prices have been hiked.
12. Auto stocks will be in focus ahead of Monthly Auto sales data.
13. Nifty future is likely to trade between 8160 and 8240.