Post Market Report, February 10, 2015 | Stocks and Commodities

February 10, 2015
Time: 8.45 pm

Post Market Report:

1. Highly volatile trade, Nifty rose nearly 200 points and fell again nearly 200 points then again rose about 100 points.
2. Bank Nifty was even worse, fell 200 points, then rose 700 points then fell 500 points then rose 400 points, a total of about 1800 points which is about 10% swing.
3. I mentioned in the morning that markets may rise even if AAP wins and that has happened exactly.
4. Energy, IT and Realty indices fell.
5. Bank, Auto and FMCG stocks rose.
6. Today's rise was mainly due to short covering and there is no fresh buying.
7. FIIs have sold heavily once again at Rs 1261 crores.
8. DIIs have bought for Rs 851 crores.
9. Greece seems to be working on a compromise formula.
10. So Europe markets are up after our markets close.
11. US markets are also trading positive.
12. But SGX Nifty is down mainly due to huge selling by FIIs.
13. Markets are likely to consolidate around this level until next trigger comes.