Post Market Report, May 23, 2014 | Stocks and Commodities

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May 23, 2014
Time: 6.45 pm

Post Market Report:

1. Market closed as expected though it was highly volatile.
2. We reported earlier that markets are likely to break out either today or Monday.
3. But it has broken out today.
4. Bank Nifty swung by around 1000 points today.
5. Finally short covering set in Bank Nifty.
6. SBI shot up by more than 10% after better than expected results.
7. Only Adani stocks have under performed.
8. FIIs have bought for Rs 417 crores.
9. DIIs have sold for Rs 136 crores.
10. Europe is trading almost flat with positive bias.
11. US future are also flat.
12. Monday market movement will be decided by the factors like whether Pakistan PM attending Modi's oath taking ceremony, announcement of finance minister, global cues, etc.