Post Market Report, January 20, 2016 | Stocks and Commodities

January 20, 2016
Time: 8.15 pm

Post Market Report:

1. What a difference 6 hours of trading can make?
2. Yesterday afternoon, Nifty future was trading at 7470.
3. Today afternoon, Nifty future was trading at 7230.
4. This is the kind of rout markets are facing now.
5. Today's drastic fall is surprising as there was no negative news.
6. The only news is that Crude is falling and that has been the case for the past many days, nothing special today.
7. Dow could not recover even one tenth of what it lost in the previous session.
8. This along with huge FII selling brought the bears with so much force.
9. Even Reliance has fallen after such a good results.
10. In the last half an hour, Nifty recovered about 40% of the losses due to DII buying.
11. As expected, today also FIIs have sold heavily, they have sold for Rs 1325 crores.
12. DIIs have bought equally for Rs 1383 crores.
13. But I do not know how long DIIs can continue to support the markets.
14. Bank Nifty has lost more than 2200 points in this expiry alone.
15. After the markets close, Axis Bank came out not so good results.
16. That stock may come under pressure tomorrow.
17. The way PSU Banks are falling, it is so scary.
18. PSU Bank index fell about 5% intraday and closed 4.6% lower.
19. Even at this low point, prominent PSU Banks like SBI and PNB are falling by more than 5%.
20. Brent Crude has broken $28 level.
21. Dow has fallen by more than 300 points as of now with IBM alone contributing 50 points fall in Dow.
22. We have to see how US markets closes today.
23. Unless some positive things happen between now and tomorrow morning, markets will be coming under pressure again tomorrow.
24. Most markets have fallen by 20% from the peak and 10% this year.
25. Where is the bottom for this market, that is the billion dollar question now.