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January 22, 2014Time: 10.15 pm
Post Market Report:
- Markets closed as expected between 6300 and 6360.
- In the Pre Market Report, we said that market may open lower but will rise towards the end by short covering.
- It happened exactly.
- We said that Nifty can touch 6360, but it overshot and touched 6366.
- But in the last few minutes Bank Nifty wiped out all the gains.
- HDFC came with results but shares closed absolutely flat following all other shares.
- L&T results came after the markets close, we have to see how L&T reacts to the results tomorrow.
- FIIs have bought for 279 crores and DIIs have sold for 90 crores.
- Both US and European markets are trading mixed.
- There are no major Q3 results tomorrow and there are no other market moving news.
- Tomorrow also markets are likely to trade sideways with plus or minus 30 points.
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