Post Market Report, April 10, 2014 | Stocks and Commodities

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April 10, 2014
Time: 9 pm

Post Market Report:

1. Markets are consolidating after a huge rise yesterday as expected.
2. Though volatile, markets closed almost flat.
3. Also we said that there may be some selling towards the end.
4. Nifty fell nearly 30 points in the last 30 minutes.
5. Action is outside the Nifty 50 stocks, Adani Ent. shot up by 25% and other Adani group companies also rose.
6. Markets are almost completely factoring in BJP win.
7. So it will be interesting to see how markets move after May 16.
8. After a long time, both FIIs and DIIs bought in cash market.
9. FIIs have bought for Rs 343 crores and DIIs have bought for Rs 13 crores.
10. US markets rose significantly yesterday, so it is correcting today.
11. Tomorrow also our markets are likely to consolidate.