Pre Market Report, December 12, 2018 | Stocks and Commodities

December 12, 2018
Time: 8.15 am

Pre Market Report:

1. Yesterday was the repeat of Demonetisation and Brexit.
2. In both those dys, Bank Nifty fell 1200 points in the morning and closed in Green at the end of the day.
3. Yesterday Bank Nifty fell 500 points in the morning and closed in Green at the end of the day.
4. Poll results were more or less in line with Exit poll results.
5. Another event was the appointment of Shakthikantha Das as RBI Governor.
6. Initial reaction was not good, many people think he will favour Govt.
7. There is general expectation that PSU Banks, NBFCs, Kotak Bank, Yes Bank will do well.
8.  That is because new Governor may go soft on PCA, may support NBFCs, may dilute the terms of Kotak Bank and Yes BAnk.
9. Menwhile global markets are one day up and one day down.
10. One day optimism about US China trade deal, next day pessimism.
11. Yesterday election results were slightly disappointing for BJP.
12. As a results, FIIs were net sellers for about 2400 Crores.
13. RBI Governor resignation also could have played a role.
14. SGX Nifty is holding despite such a bad news, due to positive global cues.
15. Trump's statement that he will intervene in securing release of Huawei's CFO is the main reason why global markets are positive.
16. World markets, including India, not going to stabilise until an agreement reached between US and China.
17. Untilthen it is going to be one day up and one day down.
18. Bank Nifty has been making more than 300 point move almost every day for the last many days.
19. It will be interesting how Bank Nifty moves today due to new RBI Governor.
20. Bank Nifty weekly expiry also due tomorrow.
21. Nifty future may trade between 10520 and 10620.