Pre Market Report, October 3, 2016 | Stocks and Commodities

October 3, 2016
Time: 8.50 am

Pre Market Report:

1. US markets closed higher on Friday.
2. Asian markets are all up..
3. SGX Nifty closed at 8685 on Friday.
4. Today also it hit a high of 8687.
5. But later it came down, probabily due to a news report that there is some terrorist attack in J&K.
6. But this is just an isolated terrorist attack not engineered by Pakistan army.
7. So there is nothing to worry.
8. But the worry of retaliation will be there for another one to two weeks.
9. In addition, on Friday, FIIs have sold for more than 1000 crores in Cash market will also limit the upside for the markets.
10. Auto stock will be in focus as they have declared good monthly auto sales.
11. Maruti has declared record monthly sales of about 1,35,000.
12. Tata Motors said that they will increase the prices.
13. Except Ashok Leyland, all other auto companied have declared good monthly auto sales.
14. Banking stocks will also be in focus ahed of RBI policy.
15. Today, China, South Korea and German markets are closed.
16. Market will be keenly watching Manufacturing PMI data to be released around 10.30 am.
17. Manufacturing PMI data is due from many other countries also.
18. SGX Nifty right now is higher by 15 points.
19. We can expect a choppy trade within a range today.
20. Friday's low will be the support, around 8600.
21. Resistance will be at 8700.