Post Market Report, February 6, 2015 | Stocks and Commodities

February 6, 2015
Time: 8 pm

Post Market Report:

1. Another day of volatile, down day. That was expected.
2. Bank Nifty has fallen by more than 2000 points in 6 trading sessions which is a steep fall.
3. Tata Motors and HDFC Bank contributed to the downfall today.
4. Markets fell, particularly Bank Nifty fell about 650 points without any selling by FIIs or DIIs in cash market in two trading sessions.
5. Today also FII sell figure was very little at Rs 96.45 crores and DIIs have bought for Rs 115.49 crores.
6. Everyone is attributing this fall to Delhi election.
7. In J&K, BJP did not come to power and nobody worried about that. I do not know what difference it makes in Delhi, which is a very small territory.
8. There must be huge shorts in the system, if any good news, markets will shoot up due to short covering.
9. After the markets close, Tata Steel came out with slightly lower than expected results.
10. So far only IT sector results were good. All other sector results were below expectation.