Markets were down. It is one one day and down the other day. Today, almost all scrips were down. The drone attacks on Saudi Arabia has got a fear that, oil prices might rise. Were most of our oil is imported will lead to a economic slowdown. Automobile stocks and banking, FMCG, are mostly trading in the market. With the existing slowdown, and now with the rise in petrol prices with geo-political tensions will lead to a bad situation. Like rubbing salt on a persons wound the burning in the market psyche is more.
At this situation still one can keep an eye on Dabur, City Union Bank. Lal Path labs, Pidilite. Infact pidilite which depends on petrolium for raw material is down now because of the drone attack. it can be bought because the product like Fevicol, M-Seal will always be in demand.