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June 25, 2014
Time: 9.45 pm
Post Market Report:
- Markets closed at the lower end of the band we mentioned.
- Bank Nifty fell by almost 100 points.
- FIIs have bought for Rs 695 crores.
- DIIs have sold for Rs 434 crores.
- In the last few minutes, Auto stocks shot up.
- Reduced excise duty announced by Congress government until end of June has been extended until December end.
- Gas price hike decision has been defrred by 3 months.
- Energy sector stocks will react to this negative news tomorrow.
- So Nifty will under pressure at least in the begining.
- Europe is down.
- But US markets are up marginally.
- Expiry will be difficult to predict.
- If everything goes well, Nifty should expire between 7580 and 7620.
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