Pre Market Report & Global Cues| 17 August

Market looks flat today. Nothing big on global side. US futures are mostly flat Asian markets slightly positive Gift Nifty → flat start Crude is still near $89 → not great for us Rupee around 95.4 → still weak Stocks & Sectors in Focus: Reliance / Defence: Reliance + Rolls-Royce deal → defence stocks may move (keep an eye on Paras Defence) Banking: IndusInd Bank under pressure after RBI penalty Auto: Eicher in focus after new Royal Enfield launch Oil & Gas: Windfall tax removed → positive for ONGC, Oil India But high crude still a concern Results reactions: NMDC → mixed Cochin Shipyard → weak margins Zaggle → negative Turtlemint → slightly positive Finally, Index may stay flat, but plenty of stock-specific moves today.