Post Market Report, October 17, 2014 | Stocks and Commodities

October 17, 2014
Time: 6.15 pm

Post Market Report:

1. Markets all over the world stabilised today.
2. India also no exception.
3. TCS and HCL Tech. fell due to bad results.
4. These two shares alone contributed 65 points fall in Nifty.
5. If not for these two shares, Nifty would have shot up to 7880.
6. There was good amount of short covering in Bank Nifty.
7. Bank Nifty future closed above the psychological level of 16000.
8. FIIs as usual sold heavily for Rs 1430 crores.
9. DIIs have bought for Rs 737.31 crores.
10. US markets are expected to open positive.
11. Next week market will be decided by poll outcome of Maharastra and Haryana.