Post Market Report, April 16, 2014 | Stocks and Commodities

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April 16, 2014
Time: 7.15 pm

Post Market Report:

1. Markets closed lower than expected.
2. Third day in a row, FIIs have sold in cash market.
3. Today FIIs have sold for Rs 45 crores and DIIs have sold for Rs 348 crores.
4. VIX has shot up from the level of 17 to 32 in this series.
5. But today for the first time it has cooled.
6. Indus Ind Bank results were in line with expectation.
7. TCS results were a mixed bag with profits higher than expectation and revenues falling short.
8. Europe and US markets are trading positive.
9. Tomorrow markets are expected to be in sideways mode as there are no major newsflow.
10. Tomorrow if the markets are down in the morning, there may be a little bit of short covering towards the end due to long week end ahead.