Post Market Report, January 2, 2014 | Stocks and Commodities

January 2, 2014
Time: 8.30 pm

Post Market Report:

1. Every one expected markets to break out only next week.
2. But markets broke out by today morning itself.
3. Bank Nifty is clearly leading the bull run.
4. On November expiry, Nifty closed around 8500 and now it is still about 100 points lower.
5. But Bank Nifty closed around 18000 on November expiry day, but today it more than 19000.
6. Housing Finance Companies are on fire, most HFCs rose significantly in the last few weeks.
7. But FII buy figure was not that impressive.
8. FIIs have bought for Rs 259.82 crores and FIIs have bought for just Rs 69.78 crores.
9. Expectation is high from Modi's meet with bankers.
10. Market expect smaller banks to merge with larger banks.
11. US futures traded positive and that helped our markets to sustain the gain.
12. Though Europe opened lower, the reason behind is a good news that ECB will go for some kind of stimulus.
13. Manufacturing PMI data came, which was very good.
14. Now US markets are trading firmly positive.
15. Momentum is likely to continue next week, if no bad news come between now and Monday morning.