December 9, 2014
Time: 7.20 pm
Post Market Report:
Time: 7.20 pm
Post Market Report:
- Yesterday Infosys founders sold shares worth Rs 6500 and markets fell.
- Nifty fell more than 100 points yesterday.
- Today suddenly China markets fell by 5.5% after trading 2.5% higher.
- So it was an intraday fall of nearly 8%.
- That dented the sentiment all over the world.
- Today again Nifty fell by 98 points.
- This is a 200 points correction in two days.
- China markets fell as China's securities clearing corporation tightened the use of corporate bonds for short term financing.
- Bank Nifty has corrected nearly 600 points in just two trading sessions.
- Today both FIIs and DIIs have sold in the cash market.
- FIIs have sold for Rs 221.52 crores and DIIs have sold for Rs 345.38 crores.
- As I have stated earlier, Nifty will take strong support at 8200.
- So there is a possibility of another 150 points correction in Nifty.
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