Post Market Report, November 19, 2015 | Stocks and Commodities

November 19, 2015
Time: 7.45 pm

Post Market Report:

1. Yesterday markets fell like pack of cards.
2. Today it all about short covering.
3. India VIX fell more than 9%.
4. But FIIs continue to sell and they have sold for Rs 343.18 crore today.
5. DIIs have bought for Rs 233.82 crore.
6. Surprising thing is that yesterday Fed minutes showed that the probability of interest rate hike is very high.
7. Today all sectoral indices were up except Pharma sector.
8. IT index finally was up due to short covering.
9. But this recovery in the market may not last long.
10. Next Thursday, Parliament session starts.
11. Whenever Parliament session is in progress, markets usually will be under pressure.
12. Once the Parliament session is over, US interest rate hike anxiety will take over.
13. Then usually in December FIIs will book profit and will not be active buyers.
14. Then comes January, Infosys has already given profit warning and Q3 corporate results are not expected to be good.
15. So there are many headwinds and markets will struggle to move higher.
16. Let us see how markets move in the last one hour of tomorrow's trade.
17. That will decide the trend in the near term.