Post Market Report, September 10, 2014 | Stocks and Commodities

September 10, 2014
Time: 11 pm

Post Market Report:

1. First, I could not write "Post Market Report" yesterday and "Pre Market Report" today as Internet was down at my home.
2. I had to rush to my friend's house at 8.30 am today to carry out the trading today.
3. Again I had to leave Chennai to attend a marriage function today, so this "Post Market Report" written at this odd hours.
4. US markets ended lower and that was reflected in Asian markets today.
5. Though the markets were lower, Bank Nifty was doing much better compared to Nifty.
6. Thanks to ICICI news that it is going for stock split.
7. Since morning, ICICI was resilient.
8. So late afternoon short covering came in Bank Nifty.
9. Though Nifty was down by 0.73%, Bank Nifty was almost flat.
10. FIIs have sold for Rs 10 crores, first selling in September.
11. DIIs have once again sold heavily, for Rs 511 crores.
12. Now US markets are trading higher.
13. Brent crude has broken US$99, now trading at US$98.28.
14. So this is only a shallow correction.
15. Markets are likely to resume its uptrend in the next few days.