Post Market Report, November 4, 2015 | Stocks and Commodities

November 4, 2015
Time: 6 pm

Post Market Report:

1. Our markets fell 7 out of last 8 sessions.
2. Only one session Nifty was up just by 15 points.
3. Today we had all good news.
4. First global cues were very good.
5. Services PMI data came much better than expected.
6. But still Nifty fell more than 80 points from morning high and closed at 8030 (actual close).
7. Bank Nifty fell more than 250 points intraday.
8. It is interesting to note tht From Aug 27 (August expiry) until today, Bank nifty was not even up by 10 points.
9. Banking stocks have one third weightage in Nifty. 
10. Selling was mainly from Private Sector Banks.
11. But only good thing is that India VIX did not shoot up.
12. There was no much selling in Cash market, FIIs have actually bought for Rs 33.16 crores and DIIs have sold for Rs 74.9 crores.
13. Tata Motors alone contributed 15 points to Nifty, otherwise the picture would have been even more bad.
14. Technically we look very bearish.
15. But things may change by Friday morning.