US markets closed lower. When our markets closed here yesterday, Dow future was down more than 300 points. But Dow recovered most of the losses to close just 20 points lower. Asian markets are mixed. We must remember, problem started after European market opened, by that time East Asian markets are closed. So East Asian markets did not react negatively yesterday for Europe lockdown fear, US Stimulus problem. Indian markets were OK until 1 pm and markets fell drastically after 1 pm only. Yesterday's market was similar to Sep 24. Even HDFC Bank fell Rs 50 and that is too much. This is a profit booking ahead of results. MindTree came with good results, profit up 88%. But it was under trading ban, so could not take position. HCL Tech is likely to report its results today morning. Sometimes they declare before market hours and sometimes after market hours. I have not taken any position. I just did 860 short straddle in one of my friend's account. But IV has come down already. FIIs...
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