Post Market Report, February 7, 2014 | Stocks and Commodities

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February 7, 2014
Time: 6 pm

Post Market Report:

1. Markets closed as expected, though at 1 pm there was a huge basket selling.
2. In the last few days, there were basket selling every day.
3. But due to strong DII buying markets are holding.
4. Today also FIIs have sold Rs 267 crores.
5. But DIIs have bought for Rs 627 crores.
6. Pharma and Metal stocks rose.
7. GDP estimate has come at 4.9% against 4.5% projected earlier.
8. Europe opened higher then fell and then recovered and trading positive now.
9. US futures are also trading positive.
10. Things may change after 7 pm when payroll data and unemployment data released.
11. Volatility is down by 2%.
12. Since there are only 13 more trading sessions this month, option premiums are likely to go down with Volatility.