Post Market Report, January 22, 2014 | Stocks and Commodities

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January 22, 2014
Time: 10.15 pm

Post Market Report:

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