Markets, were down today.the BSE sensex ended 239.67 points lower at 35973.71.and the NSE Nifty halted a four day rally,to end at 10835.30,down 0.41%. Today,1,115 stocks declined and 605 stocks advanced on National Stock Exchange. Reliance Communications gained over 8%, as they have won a case on past due liabilities in spectrum case. The main reason for stocks to drop is Indian Air force strike on Balakot.
Auto makers, are going down due to the usual muted February demand for vehicles, and a discount offered by Tata Motors, Maruti Suzuki, Eicher Motors, Tata Motors.Hero Motor Corp,TVS Motors.Bajaj Motors and M&M are the only two auto companies doing well. In my personal view, the sale of Automobiles and cars, Two Wheelers will shift to Auto aggregators and individuals will buy less due to saving money and lot of traffic. Public Transport like Metro, Bus and taxi segment weather in two wheeler, four wheeler has improved which will make a consumer not to buy automobiles for personal transport.The Nifty 50.managed to reclaim 10,800 towards the close, after hitting a low of 10729. The bounce back from lower levels, show that the Bulls have not given up.
