February 26, 2015
Time: 6.45 pm
Post Market Report:
Time: 6.45 pm
Post Market Report:
- Once again my bullish bet has gone wrong.
- Today is the first time I see FII buying of more than 2000 crores in cash market on expiry day.
- Usually FII will be on the sell side on expiry day due to reversal trade by arbitrage funds.
- But today's FII buy figure of Rs 2312 crores is amazing given the state of our market.
- DIIs also bought for Rs 341 crores.
- More than 5000 crores of Institutional buying in the last four trading sessions did not help the markets.
- This is truly surprising.
- ICICI Bank fell 15% in this series.
- Bank Nifty fell 7% in this series.
- It is good that we are going to budget session with such a good correction.
- Even if budget is disappointing, markets may not fall much from here.
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