Pre Market Report, October 10, 2016 | Stocks and Commodities

October 10, 2016
Time: 9.10 am

Pre Market Report:

1. US jobs data on Friday cale at 1,56,000, at the lower band of expected band 1,50,000 and 2,00,000.
2. Today morning, second presidential debate has become a non event.
3. But over the week end, Donal Trump's comment about women made him more infamous, increasing the chances of Clinton's win to 81%.
4. In Asia, Japan and Hong Kong are closed.
5. Chia is up mainly due to relaxation in FDI policy over the week end.
6. It is good that China markets are up, usually they are the party spoilers.
7. SGX Nifty hit a high of 8770 just before presidential debate but came down to 8740.
8. Markets are not likely to make big moves today.
9. Today evening, IIP data is due.
10. Then there are two consecutive holidays, on Tuesday and Wednesday.
11. Then on Thursday we will be reacting to IndusInd Bank results, first big company to report results.
12. Then on Thursday evening, CPI inflation data, TCS results are due.
13. And then, most important, Infosys results will be out on Friday.
14. So action will be on Thursday and Friday.
15. Today we may trade rangebound with positive bias.
16. Nifty future may may volatile once the corporate results start pouring in.
17. Nifty is still expected to trade between 8600 and 9000.
18. IndusInd Bank will be in focus ahead of its results.
19. IT stocks will be in focus as they are heavily beaten down and TCS and Infy results are due in the next few days.
20. Nifty future may trade between 8700 and 8780.