Post Market Report, November 6, 2015 | Stocks and Commodities

November 6, 2015
Time: 7.30 pm

Post Market Report:

1. Another day of disappointing trade.
2. Markets were highly volatile as expected and closed almost flat.
3. Just before markets open, BOB results came and BOB fell about 8% but closed about 5% higher taking a total swing of about 13%.
4. Then Dr Reddy fell nearly 15% after US FDA warning news.
5. As I have mentioned earlier, due to uncertainty in Bihar exit poll results, India VIX did not fall, it has actually gone up marginally.
6. So the premiums did not come down, the combined premiums remain the same for both Nifty and Bank Nifty.
7. US jobs data came much better than expected, US economy added 2.71 Lakh jobs in October against the expectation of 1.8 Lakh jobs.
8. Unemployment rate also fell to 5% from 5.1%.
9. This is actually a bad news for India as the rate hike is almost imminent in December.
10. SGX Nifty has not reacted violently due to Bihar election results Sunday.
11. So Monday will be big day.
12. FIIs have bought for Rs 219.17 crores and DIIs have bought for Rs 39.45 crores.
13. Highest open interest among Puts is at 7800.
14. Highest open interest among Calls is shifted to 8200 from 8300 yesterday.
15. Markets will react to US jobs data and Bihar Election results on Monday and then markets are likely to consolidate for the next few days.