Hello all, the markets continue to derail. The BSE sensex went down by 321 points going to 23089 and the NSE went down by 91 points going to 7018. Oil prices coming down ,the Rail budget tommorrow and F&o EXPIRY bought down the Markets. According to JP Morgan China factor need not be feared, but a lot of portfolio allocation is taking place.
No particular reason is attributed to the fall in the markets there does not seem to be any buying interest left in the Stock Markets as of now. Still talks of over valuation of equity prices is going on but investors are frustrated with prices moving southward. Investors are also confused with the Long Term Capital Gains might be for three years instead of one year. This reason has added to the fall in prices in the Market. Collect stocks gradually at lower valuations and sell at rebounds. Happy Trading and Investing.
