Pre Market Report, October 5, 2020 | Stocks and Commodities

 October 5, 2020

Time: 8 am

Pre Market Report:

1. You can get more details about online workshop at www.workshop.prsundar.com
2. Donald Trump was hospitalised on Friday evening.
3. But now he seems to be alright.
4. So Asian markets are higher.
5. SGX Nifty broke 11300 on Friday when Trump news broke out.
6. But now it is trading around 11400.
7. Now US markets will focus on US$2.2 trillion stimulus.
8. We have lot of local cues.
9. FIIs have turned net buyers aggressively after selling for nearly two weeks.
10. They have bought for Rs 1632 crores in Cash market.
11. DIIs also bought for Rs 269 crores.
12. Reliance retail is attracting more investments.
13. This time, GIC (Govt Investment Corporation of Singapore) is investing about Rs 5500 crores.
14. Next one is "Interest on Interest" case, which has been a big drag on Banking Stocks.
15. Now Govt is prepared to pay for up to Rs 2 cr loans.
16. Since this news is already known, we can say, today this news may be a non event.
17. TCS is announcing Q2 results and considering buy back of shares.
18. So we can expect TCS to be positive.
19. Next week Infosys and HDFC Bank are set to declare results.
20. There are more good news than bad news.
21. So markets may not correct much from here.
22. India VIX is also cooling off, now around 18.
23. The only concern now is the health of US President.
24. Any further deterioration of his health will be a potential drag.
25. Other than that there are no negatives for the markets.
26. TCS, Reliance, Banking Stocks will be in focus.
27. Auto companies posted good monthly sales.
28. ITC has been doing very badly.
29. One can sell 160PE.
30. Nifty Future may trade between 11360 and 11500.