Pre Market Report, November 5, 2018 | Stocks and Commodities

November 5, 2018
Time: 8.25 am

Pre Market Report:

1. US markets opened higher on Friday due to Trump tweet.
2. But fell later as nothing concrete was expected in G20 meet.
3. In last hour it recovered some ground.
4. Dow was up 300 point, then down 500 point down, then up 200 point.
5. Total swing of more than 1000 points.
6. So Asian markets are mostly down today morning.
7. Hong Kong was up by more than 1000 point on Friday,now down by more than 500 points.
8. No positive comment has come from Chinese President Xi Jinping from his key note address at Shanghai Expo.
9. But we may not do as badly as we have some local good news.
10. Over the weekend, RBI relaxed rules for the Banks to help NBFCs and Housing Finance Companies.
11. Axis Bank and ONGC came out with good results over the weekend.
12. Today SBI will declare results during the market hours.
13. SO Bank Nifty is likely to out perform today, at least in the morning.
14. Housing Finance companies and NBFCs may do well.
15. SGX Nifty is trading about 40 points lower.
16. Pharma stocks may be under pressure and some companies from this sector came out with bad set of numbers over the weekend.
17. SBI, GAIl, Exide, Power Grid are some of the key companies set to declare results today.
18. Nifty futre fell from 10632 on Friday, so that is a key level to watch on the higher side.
19. Nifty future opened around 10490 and that will be the key level to watch on the lower side.
20. Nifty future is expected to trade between 10490 and 10630.
21. Though there are only 3 trading sessions this week we can expect lot of action in the markets.
22. Crude price, Rupee movement, Dollar index will be watched keenly.