Post Market Report, February 26, 2016 | Stocks and Commodities

February 26, 2016
Time: 5.45 pm

Post Market Report:

1. Markets closed with reasonable gains.
2. There was some sudden selling around 2.45 pm but the selling brought the Nifty down by just 30 points.
3. One good thing is that India VIX fell by about 4%.
4. Nifty 6500 Put fell by more than 14 rupees but Nifty 7500 Call rose just less than 2 rupees.
5. That is the power of VIX fall.
6. Auto and Pharma indices ended in Red.
7. It was just a small short covering rally.
8. People generally expect the market to go down, if budget is bad, markets will go down immediately and if budget is good, markets will rise to 7250-7350, then will fall.
9. No matter what is the global cues or local cues, FIIs keep selling.
10. Today FIIs have sold for Rs 695 crores in Cash market whereas DIIs have bought for Rs 784 crores.
11. If the budget is not stock market friendly, we do not know how much more these FIIs will be selling.
12. European markets are trading firmly in Green.
13. Dow future is also up by about 150 points.
14. But all these are irrelevant now, Monday Budget is the most important.
15. I will discuss those things in my weekend review.