Post Market Report, July 31, 2014 | Stocks and Commodities

July 31, 2014
Time: 6.45 pm

Post Market Report:

1. I mentioned in the morning that due to FII selling, yesterday's positive momentum is not likely to continue.
2. I also said that there will be selling in the afternoon.
3. But I expected Nifty to take support at 7740.
4. But it took support at 7720.
5. Most of the stocks fell and most sectors fell.
6. Europe traded lower and US futures were also significantly lower.
7. That added to bad sentiment here in the afternoon.
8. FIIs have sold for Rs 1655 crores.
9. DIIs have bought for Rs 1420 crores.
10. Tomorrow also markets are likely to be under pressure.