Mid Market Report, February 25, 2014 | Stocks and Commodities

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February 25, 2014
Time: 1 pm

Mid Market Report:

1. Profit booking at higher levels dragged the markets down.
2. China markets fell more than 1% and trading somewhere near 5 year low.
3. That is one of the reasons for profit booking here.
4. But despite falling market, VIX is down.
5. So nothing to worry about this fall.
6. Auro Pharma shot up by 5% after it is released fron F&O ban.
7. Europe is likely to open flat with negative bias.
8. US futures are flat.
9. China currency fell, that created some sort of panic in many markets.
10. So Nifty erased entire gain.