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Time: 5.45 pm
Post Market Report:
- First, when our markets were closed, other markets fell.
- Second, FIIs have sold for the first time on Friday.
- Third, WPI inflation data came worse than expected.
- Fourth, economic data from China was bad.
- Fifth, Ukraine problem has resurfaced.
- With all these negatives, our markets fell though Infosys results were in line with expectation.
- IT and FMCG indices closed positive.
- After the market hours, CPI inflation data came at 8.31 which is actually not very bad.
- FIIs also sold only for Rs 22 crores.
- DIIs have sold for Rs 278 crores.
- Tomorrow markets may stabilise.
- But China GDP data, any escalation in Ukraine problem, FII selling all will make sure that the markets do not rise significantly.
- Markets may be in sideways consolidation for next few days.
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