Post Market Report, February 4, 2014 | Stocks and Commodities

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February 4, 2014
Time: 6.45 am

Post Market Report:

1. Japan index Nikkei fell 610 points, which was 4.18%.
2. All Asian markets were down.
3. All European markets were also down.
4. But our markets have recovered and closed positive due to DII buying.
5. There was a report that LIC was active in buying PSU Banks.
6. PSU Bank index shot up by more than 2%, the only index to rise by more than 1% today.
7. On the other hand, FII heavy weights, IT stocks continue to fall.
8. Today FIIs have sold Rs 1234 crores. DIIs have bought for Rs 865 crores.
9. Three consecutive days, FII selling was more than 2500 crores.
10. So it is time to be very cautious on the long side.
11. US is likely to open slightly positive.