Post Market Report, September 26, 2014 | Stocks and Commodities

September 26, 2014
Time: 6.30 pm

Post Market Report:

1. I could not write "Post Market Report" yesterday and "Pre Market Report" today morning.
2. Yesterday total turnover was at 8.5 lakh crores, highest ever turnover.
3. FIIs also sold heavily for third consecutive day yesterday.
4. Yesterday US markets fell drastically as Russia was planning to bring a new law that allows Russia to seize assets of other countries in Russia.
5. Financial markets took this as retaliatory measure by Russia as Europe and US targeted Putin's close friends in Sanctions.
6. SGX Nifty was trading about 60 points lower today morning before our markets open.
7. Though FIIs were selling, domestic institutions are buying heavily.
8. That is why we see some intraday recoveries many times.
9. Today our markets were highly volatile.
10. S&P upgrading India's credit rating helped indices to close positive.
11. The premium of Nifty future over the spot Nifty is very high.
12. Usually this should be taken as bullish sign.
13. But today FIIs have sold highest in recent months, today's sell figure was Rs 1133.64 crores.
14. But DIIs have bought for more than that figure, their buy figure was at Rs 1335 crores. 
15. Monday and Tuesday in the first half markets will be volatile due to RBI policy on Tuesday.