Post Market Report, June 20, 2014 | Stocks and Commodities

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June 20, 2014
Time: 9 pm

Post Market Report:

1. Markets closed lower for third day due to Iraq problem.
2. Crude oil trading above US$115 is negative for India.
3. If Iraq problem subsides, then Crude price should come down to US$110.
4. Only then a meaningful upside will be seen in our markets.
5. Bank Nifty is very weak.
6. Only consolation is that today market volatility is much lower compared to last few days.
7. FIIs have sold for Rs 220 crores, this is the second day of selling.
8. DIIs have bought for Rs 73 crores.
9. Next week is the expiry week, likely to be more volatile.

Note: We could not bring all the reports in time this week due to some techical problem with internet connection at my home. Hope things will be resolved next week.