Post Market Report, October 21, 2015 | Stocks and Commodities

October 21, 2015
Time: 7.30 pm

Post Market Report:

1. Markets are in consolidation mode.
2. Close to close basis, Nifty just fell by 10 points.
3. But the trading was choppy.
4. Nifty future was about to break out of the range 8200-8300 in the morning.
5. Then the news came that China markets fell 4% intraday and dragged our markets.
6. As a result Nifty fure fell about 85 points and then started trading with high volatility.
7. Europe opened in Green in the afternoon and that helped our markets to some extent.
8. Even in the morning, it was Reliance and Infosys duo which took the markets higher.
9. banking stocks were under pressure since morning and there was no recovery even after good results from HDFC Bank.
10. All PSU Banks fell, particularly SBI.
11. The rise by Reliance and Infosys was compensated by the fall in ICICI Bank and SBI.
12. In Nifty, all (out of money) option prices fell. 
13. There are only 5 more trading sessions to expiry and there are only 17 trading sessions in November (excluding Muhurat Trading). Since it is a very short expiry, people are moving to November series. So the interest in the current series is very low.
14. FIIs have sold for Rs 48 crores in cash market after buying for the last many days.
15. DIIs have sold for Rs 139 crores and thay have been selling for the last many days.
16. Since tomorrow is a holiday, markets will react to two days of global market moves.