Pre Market Report, September 4, 2017 | Stocks and Commodities

September 4, 2017
Time: 8.45 am

Pre Market Report:

1. North Korea blasted an Hydrogen bomb.
2. Yet world markets reaction have not been bad.
3. SGX Nifty is down by about 20 points.
4. Though North Korea's Hydrogen bomb is a big issue, the point is that what more bad North Korea can do?
5. So North Korea has done what maximum it can do.
6. If they want to do more bad, then only choice is launching a missile targeting Japan or US.
7. That is suicidal for North Korea.
8. North Korea will collapse if Oil supply is cut by China.
9. But China has been resisting that.
10. Even China is getting irritated now as their border towns are affected by Earth Quake triggered by Hydrogen bomb.
11. So markets are not reacting badly as "the worst is over"
12. If China can take some firm steps, North Korea will tone down.
13. FIIs started selling once again.
14. But DIIs keep buying no matter what happens.
15. Infosys will be in focus as promoters are tendering shares worth over Rs 2000 crores in buy back offer.
16. Market is giving lot of opportunities for those who missed the rally.
17. US jobs data means rate hike by US will be delayed and that is good for India.
18. Nifty future may trade between 9960 and 10020, a small range.