Post Market Report, March 5, 2015 | Stocks and Commodities

March 5, 2015
Time: 6.45 pm

Post Market Report:

1. Markets are volatile once again.
2. Nifty fell more than 100 points from intraday high and then rose more than 100 points from intraday low.
3. Bank Nifty fell 300 points from intraday high and then rose nearly 500 points from intraday low.
4. Finally Nifty closed marginally higher.
5. But India VIX fell another 5% today, taking the total fall to nearly 30% from its recent peak about 2 weeks before.
6. Option sellers are the happier lots.
7. Sun Pharma rose again making its promoter the richest Indian overtaking Mukesh Ambani.
8. Pharma and FMCG stocks rose while Energy and Metal stocks dragged the markets down.
9. Metal index is down by more than 30% from last year's peak.
10. FIIs have bought for Rs 80 crores in cash market and DIIs have sold for Rs 194 croes.
11. From now, if market rises, DIIs are likely to sell more aggressively as they have to support SBI issue which is likely to come out in a month's time.
12. There is no change in my view that Nifty is likely to trade between 8800 and 9200.