Pre-market at a glance

     

1. Previous day Nifty spot closed at 11647.60
2. Previous day Nifty futures closed at 11682.1
3. Previous day Bank Nifty spot closed at 24523.80
4. Previous day Bank Nifty futures closed at 24622
5.  At 8:00 AM SGX Nifty is 0.64% up
6. At 8:00 AM Dow futures is 0.55% up
7. At 8:00 AM Comex gold is at 1978
8. At 8:00 AM Comex silver is at 28.25
9. All eye on RIL-Future group deal. Deal to add 4.1% to Reliance's market share of organised retail and take it to 17.8%
10. Market will react today to the above mentioned deal. It is positive for banks that have exposure to Future group debt. Lenders led by Axis Bank have a total exposure of  16,000 cr rupees
11. MD & CEO of RBL Bank has sold 18.9 lakh shares for 38.5 cr
12. Watch banking stocks
13. Nifty 11800-900 level is important
14. FIIs are net long whereas DIIs are net short in cash
15. USDINR 72.5-73 should be watched

Disclaimer:

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