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

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June 16, 2014
Time: 7.30 pm

Post Market Report:

1. We reported yesterday that the reaction to Iraq problem is a knee jerk reaction.
2. We also said markets are likely to consolidate, not to fall much from here.
3. Today Nifty closed just less than 10 points.
4. That happens even in a normal day.
5. But intraday volatility was high due to a mixture of positive and negative news.
6. Iraq news was bad, but US markets were up on Friday.
7. FII and DII buy figure was positive but Asian markets were down and WPI Inflation was bad.
8. Europe also traded with negative bias.
9. But the fall was marginal in all markets.
10. FIIs have sold for Rs 194 crores and DIIs have sold for Rs 448 crores.
11. Now the US markets are trading mixed, Dow is down, Nasdaq and S&P 500 are up.