Post Market Report, October 13, 2014 | Stocks and Commodities

October 13, 2014
Time: 10.45 pm

Post Market Report:

1. Short covering rally took Nifty future beyond 7900.
2. Late afternoon, Europe also recovered to trade in Green.
3. That helped our markets to push further.
4. IndusInd Bank results were very good and that helped Bank Nifty to push higher.
5. Positive economic data from China also helped.
6. Hong Kong markets also closed in Green after trading in Red for most part of the day.
7. Yet FIIs have sold in cash market.
8. They have sold for Rs 671.06 crores.
9. As usual DIIs have bought.
10. DIIs have bought for Rs 566.83 crores.
11. Now US markets are trading in Green.
12. CPI inflation data that came after the markets close was very positive.
13. Also Reliance results beat street estimates.
14. SGX Nifty is trading about 30 points higher.
15. So now it seems that 7800 is the strong support for Nifty.