January 6, 2015
Time: 10 pm
Post Market Report:
Time: 10 pm
Post Market Report:
- Sensex fell 855 points, the fall is worst in the last 5 years.
- Nobody expected this kind of fall suddenly.
- Crude oil fell more than 10% in less than 24 hours, yesterday night by more than 6% and today afternoon by more than 4%.
- Around 1.30 pm, markets stabilised as Europe opened in Green, suddenly Crude fell by 2 pm, then panic gripped the markets.
- Europe fell, India followed, "margin calls" triggered further fall.
- After our markets closed, Europe as well as US markets are trading with huge volatility.
- German DAX opened in Green, then fell by more than 100 points, then shot up by more than 250 points and now falling again.
- US markets are also highly volatile. Markets are moving with Crude oil prices.
- India VIX has shot up by 23% in a single session.
- FIIs have sold heavily for more than 1500 crores.
- DIIs have bought for about 1200 crores.
- Though fall in Crude oil is very good for India in the medium to long term, markets always move with global peers in the short term.
- So our markets will also move with oil and global markets.
- So be prepared for roller coaster rides.
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