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

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 June 23, 2014
Time: 7.30 pm

Post Market Report:

1. We expected some short covering towards the end of the day.
2. That has happened, but not a big one.
3. Nifty future managed to close above 7500 after trading below that level for most part of the day.
4. FIIs have sold for Rs 214 crores.
5. DIIs have bought for Rs 117 crores.
6. Bank Nifty was very volatile but within a range of about 200 points.
7. IT and FMCG indices fell while the rest of the indices rose.
8. Rumour about hike in excise duty for cigarettes in the forth coming budget is the main reason for more than 5% fall in ITC.
9. Small caps and Mid caps out performed the Nifty by a big margin.
10. Now US markets are trading mixed.