Pre Market Report, April 6, 2018 | Stocks and Commodities

April 6, 2018
Time: 9.10 am

Pre Market Report:

1. Yesterday markets shot up as US markets stabilised the day before.
2. Yesterday night also US markets closed in Green.
3. But after the markets close, Trump tweeted again for US$100 billion tariff on China.
4. SGX Nifty hit a high of 10420 but opened around 10300 today morning.
5. A knee jerk reaction of 120 points in SGX Nifty.
6. But later Hong Kong opened positive and many Asian markets recovered.
7. 7. Now in pre market, Nifty closed almost flat.
8. Bank Nifty also closed almost flat.
9. Our markets look bullish, only thing international news flow is a hurdle.
10. Once those trade war news subsides, our markets are likely to march higher.
11. Banks will be in focus today.
12. Now corporate results expectation will influence the markets.
13. So watch for Infosys, IndusInd Bank, etc.
14. There will be some action in the last one hour of trade today.
15. Nifty is likely to trade between 10300 and 10400.