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Post Market Report, February 10, 2016

February 10, 2016
Time: 9.30 pm

Post Market Report:


  1. As expected markets were highly volatile.
  2. Markets went for free fall in the afternoon and Nifty broke 7200.
  3. Yesterday half of the fall came from four IT stocks.
  4. Today half of the fall came from HDFC duo (HDFC and HDFC Bank), Tata Motors and SBI.
  5. FIIs have sold for Rs 751 crores and DIIs have bought for Rs 197 crores.
  6. PNB fell 10% after falling 7% yesterday.
  7. SBI fell by 5% ahead of its results tomorrow.
  8. Tata Motors fell 7% ahead of its results tomorrow.
  9. Bank of India fell more than 5% ahead of its results tomorrow.
  10. Allahabad Bank fell more than 10% after its results.
  11. PSU Bank index fell more than 5% even at this low level.
  12. Realty index fell more than 3.5%.
  13. Europe opened firmly in Green, yet there was no recovery here.
  14. Intraday recovery was sold into.
  15. Tomorrow is a very important day.
  16. So far US markets are trading in Green but we do not know how it will close.
  17. US closing is very important for Asia trade tomorrow.
  18. Tomorrow SBI, BHEL, Tata Motors, Bank of India, ONGC, Coal India will declare results. Most of these companies are expected to declare bad results.
  19. But we do not know how much of this is factored in.
  20. Yesterday Auro Pharma came with decent results, yet share fell by 12% intraday.
  21. So for tomorrow there are different scenarios.
  22. Scenario 1: US markets close significantly higher and we open gap up, then the results from SBI is good and further short covering happens. This is the best possible scenario.
  23. Scenario 2: US markets close flat or negative and we open gap down and then good results from SBI triggers short covering. Markets will be volatile but may close marginally higher, this is not a bad scenario.
  24. Scenario 3: US markets close flat to negative, we open gap down then SBI results disappoints, then we continue to fall braking today's low. That will be the worst scenario.
  25. We hope for the best but prepare for the worst.



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