Post Market Report, October 23, 2015 | Stocks and Commodities

October 23, 2015
Time: 7 pm

Post Market Report:

1. Markets traded as expected.
2. In the morning I mentioned that markets are likely to fall due to profit booking even when markets open gap up in the morning.
3. Nifty future fell more than 50 points intraday.
4. Finally Nifty closed below 8300.
5. But after our markets closed, China cut the interest rate.
6. SO European markets are on high.
7. Dow futures also shot up after the China news.
8. SGX Nifty also hit a high of 8364 and now trading around that high.
9. We have to see how US markets close tonight. There may be some profit booking there also towards the end of the day.
10. FIIs have bought for Rs 229 crores in cash market and DIIs have sold for Rs 156 crores.
11. Since there are only 4 more days of trading, option premiums have fallen.
12. Axis Bank has been on the uptrend ahead of its results.
13. But Maruti fell and all Auto stocks except Tata Motors fell.
14. India VIX fell by another 2.5%.
15. Next week will be action packed week.