Post Market Report, August 1, 2014 | Stocks and Commodities

August 1, 2014
Time: 7.45 pm

Post Market Report:

1. Markets opened weak and then DIIs have started buying, so the market shot up and Bank Nifty came into positive territory.
2. But in the afternoon, Europe opened and traded much lower and that dented the sentiment here.
3. Also FIIs continued to press the sell button.
4. For the third day in a row, FIIs have sold for more than Rs 1000 crores.
5. Last time when they sold like this in 2011, Nifty fell almost 1500 points in the next few months.
6. Today FIIs have sold for Rs 1073 crores.
7. DIIs have bought for Rs 1075 crores.
8. After some good economic data, now US is trading much better.
9. Nasdaq and S&P 500 are up marginally and Dow is down marginally.
10. Now SGX Nifty is trading about 50 points higher.
11. So if everything goes well, Monday Nifty will shoot up.
12. Monday trade will be interesting one ahead of RBI policy.