Markets were down today, the BSE sensex went down by 315.68 points to 24223.32 and the Nifty ended by 93.75 points to 7351.8. The markets are mostly down due to the Global factors,Asian equities crashed over a faltering Global Economy and a free fall in oil prices.
Many domestic factors are also responsible for the weakness in the Market. Domestic Private Investment is weak. Concerns of many projects being stalled is there.The Industry has excess installed capacity and sluggish exports are the factors affecting the Markets in the domestic front.It is better to stick to defensive stocks like FMCG, pharma as people will consume these products come what may. It is better to be a trader and book profits periodically.
HAPPY TRADING FOR now.
