Post Market Report, March 3, 3015 | Stocks and Commodities

March 3, 3015
Time: 8 pm

Post Market Report:

1. Markets silently hit all time high today.
2. There was no euphoric moves.
3. I have been telling that Nifty will hit all time high in this series.
4. LIC increased Reliance stake led to the short covering rally in Reliance.
5. IT stocks also rose significantly with TCS as the top performer today.
6. All Tata group stocks shot up except Tata Motors and Tata Steel.
7. Even Tata Investment Corporation rose more than 10% which is unusual.
8. But Auto and Banks did not do well.
9. In second half of the trading session PSU Banks recovered their losses to trade positive.
10. FIIs bought shares worth Rs 793 crores in cash market and DIIs have sold shares worth Rs 304 crores.
11. Europe opened higher also helped sentiment here.
12. Since the move to all time high is not sudden or euphoric, the selling pressure may not be high from here.
13. I expect markets to consolidate between 8800 and 9200.