Post Market Report, December 9, 2014 | Stocks and Commodities

December 9, 2014
Time: 7.20 pm

Post Market Report:

1. Yesterday Infosys founders sold shares worth Rs 6500 and markets fell.
2. Nifty fell more than 100 points yesterday.
3. Today suddenly China markets fell by 5.5% after trading 2.5% higher.
4. So it was an intraday fall of nearly 8%.
5. That dented the sentiment all over the world.
6. Today again Nifty fell by 98 points.
7. This is a 200 points correction in two days.
8. China markets fell as China's securities clearing corporation tightened the use of corporate bonds for short term financing.
9. Bank Nifty has corrected nearly 600 points in just two trading sessions.
10. Today both FIIs and DIIs have sold in the cash market.
11. FIIs have sold for Rs 221.52 crores and DIIs have sold for Rs 345.38 crores.
12. As I have stated earlier, Nifty will take strong support at 8200.
13. So there is a possibility of another 150 points correction in Nifty.