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

January 9, 2014
Time: 8.30 pm

Post Market Report:

1. Markets were highly volatile once again.
2. Infosys results came in the afternoon. I was not aware of this. Earlier they said the results will be at 4 pm.
3. Infosys results came better than expected.
4. Europe opened neutral to slightly negative after stellar rally in the last two days.
5. The news that ONGC and Oil India need not share the oil subsidy came in the afternoon.
6. Yet the markets were highly volatile.
7. HUL was the star performer, shot up by more than 100 rupees in the last few days.
8. It is the Bank Nifty that dragged the markets down.
9. Bank Nifty fell 420 points from intraday high to intraday low.
10. The whole of January series will be volatile as corporate results keep coming in.
11.  Infy started the results season with a bang.
12. US Payroll data and Unemployment data came as expected.
13. Both Europe and US are flat to slightly negative as these markets rose significantly in the last two days.
14. Russian markets fell by more than 5% as Crude continued to slide.
15. FIIs have sold for Rs 298 crores and DIIs have bought for Rs 300 crores.
16. FIIs have sold for more than 3000 crores in the last 4 sessions.
17. Next week will be very important as IIP and Inflation data will be out on Monday.