Post Market Report, January 27, 2015 | Stocks and Commodities

January 27, 2015
Time: 7.45 pm

Post Market Report:

1. Russia rating was downgraded. Greece election has thrown a huge problem for Euro region.
2. Dow futures were down by triple digits. Europe was down.
3. Yet our markets shot up in last 1.5 hours of trading, may be Obama effect.
4. But the rally was not broad based.
5. IT and metal indices actually fell.
6. In fact even PSU Banks fell mostly.
7. It was the show of Private sector banks, particularly Axis Bank.
8. India VIX is rising in  rising market.
9. FIIs have bought for Rs 953.50 crores and DIIs have sold for Rs 783.34 crores.
10. Due to bad global cues and good local cues, markets are likely to be volatile for the next two days.