Post Market Report, September 4, 2014 | Stocks and Commodities

September 4, 2014
Time: 6.30 pm

Post Market Report:

1. Markets consolidated as expected.
2. Short sellers were not active ahead of ECB decision on rate cut from Europe and Payroll data from US, two key events.
3. After the markets close, ECB cut the rate which is a positive surprise.
4. So only weaker hands who went long had to unwind.
5. FIIs once again have bought for huge sum of money.
6. Thay have bought for more than 1500 crores for second day in a row.
7. Today they have bought for Rs 1698 crores.
8. However DIIs have sold for Rs 555 crores.
9. After the ECB news, US futures are also up.
10. So the possibility of Nifty crossing 8200 is high in the next few days.
11. Tomorrow's trade will an interesting one, particularly the last 2 hours of trade.
12. Once again Banking stocks dragged the markets down.
13. If that reverses, Nifty can easily cross 8200.