Mid Market Report, July 9, 2014 | Stocks and Commodities

July 9, 2014
Time: 1.50 pm

Mid Market Report:

1. Markets are consolidating as expected.
2. Panic was created in the morning as margin call triggered for some investors.
3. Markets have recovered since then and trading almost flat.
4. Brent crude has fallen below US$109.
5. That is very good for India.
6. Energy sector is reacting to this positive news.
7. Auto sector is down.
8. Banks are holding as markets wait for Indus Ind Bank results.
9. VIX is down by 4.65% which is a big surprise ahead of key event.
10. No change in our view regarding Nifty future levels.