Post Market Report, October 16, 2014 | Stocks and Commodities

October 16, 2014
Time: 9.30 pm

Post Market Report:

1. Markets were trading within the range that I predicted until afternoon.
2. In the afternoon, suddenly, Europe markets fell drastically by more than 2%.
3. So our markets also broke down.
4. After our markets closed, Europe markets have stabilised.
5. Dow opened 197 points lower, recovered later to trade slightly in positive zone.
6. But as of now, DOW, Nasdaq and S&P 500, all trading marginally lower.
7. SGX Nifty is trading above 7800.
8. FIIs have sold for more than 1000 crores which was expected.
9. FIIs have sold for Rs b1128.37 crores in cash market.
10. So far in October, FIIs have sold in all trading sessions.
11. DIIs have bought for Rs 664.45 crores.
12. Though everything is fine here in India, global market movement will affect our markets.
13. Most European indices have fallen by more than 10%.
14. So the markets all over the world should consolidate at least for few days.
15. This kind of continuous fall in Europe did not happen even in 2008.
16. Europe markets fell continuously for 8 trading sessions.
17. Tomorrow our market movement will be decided by US market's closing level.