Pre Market Report, September 10, 2018 | Stocks and Commodities

September 10, 2018
Time: 9.30 am

Pre Market Report:

1. US jobs data came much better than expected.
2. Now markets are sure there will be rate hike in US this month.
3. So markets fell, Nasdaq fell for 4th straight session.
4. Emerging markets are very bearish, many of them fell more than 20%.
5. Now dollar index has inched up, crude prices are also inching up.
6. Asian markets are mostly negative due to Trumps threat to China.
7. Trump said he can go for another US$267 billion worth of tariff hike against China.
8. SGX Nifty is down by about 40, 50 points.
9. On Friday last 30 minutes Nifty was up by 40, 50 points.
10. Now SGX Nifty is giving up that uptick.
11. Due to Trump threat both China and Hong Kong are down.
12. But we have not been following them for the last few months.
13. SEBI's announcement regarding FPIs is a very good news.
14. In fact this SEBI rule related to FIIs was quoted as the reason for recent fall in our markets.
15. Now SEBI is diluting the terms, we have to see how markets react to this news.
16. Even SGX Nifty was a correct indication for the last many stocks.
17. Axis Bank may be in focus due to the news flow.
18. We need to see the rally in Auto stocks continue or not.
19. As of now markets are consolidating between 11400 and 11800.
20. Nifty future may trade between 11560 and 11680.