Post Market Report, December 14, 2015 | Stocks and Commodities

December 14, 2015
Time: 6 pm

Post Market Report:

1. Markets opened close to September low but soon recovered.
2. I did mention in the morning that there are many positive news being ignored like IIP data, etc.
3. It seems that markets are taking note of those things.
4. SGX Nifty figures are showing wrongly everywhere except SGX website.
5. What other are showing are actually Nifty January futures, not December futures.
6. When the going was good the news came that the meeting of Arun Jaitley and Venkaiah Naidu with Gulam Nabi Azad and Anad Sharma did not yield any positive news with regards to GST.
7. Then markets fell suddenly, Bank  Nifty fell about 200 points intraday.
8. But that fall was bought into later and Nifty closed about 40 points higher.
9. But US futures were trading higher until our markets close.
10. But now Dow futures has fallen by more than 100 points.
11. SGX Nifty is trading about 25 points lower as of now.
12. So we have to see how our markets are going to open tomorrow.
13. India VIX is up once again.
14. The issue here is actually not the Fed event as it is not going to be an uncertain event. It is a sure event that Fed will hike rate by 25 basis points.
15. So what is affecting the markets all over the world is the crash in crude oil prices.
16. Local news like GST bill, Diesel vehicle ban are affecting our markets.
17. FIIs have sold for Rs 157.07 crores and DIIs have bought for Rs 386.47 crores in Cash market.
18. China's currency hit a fresh low is a major concern for the world markets, one should remember that it is the China's currency devaluation brought the world markets down in late August.
19. So this week is going to be full of action and Monday has seen its part of the action.
20. Usually this kind of volatility happens either at the top end or at the lower end of the trading range.
21. So in a way we should be happy about this volatility, it means that we are somewhere near the bottom.