Hello Everyone, its raining here and Dusshera has started. Markets have come down due to the reaction of the upward movement that was there for a long time. Today, the Supreme Court de-allocated coal Blocks allotted between 1993 and 2008. This will effect power companies depending on coal.
FMCG , Health Care, power and select technology stocks have gained. Usually fmcg stocks gain while the Market is down that is why they are called defensive stocks. 1019 stocks advanced and 1946 stocks declined. The markets are poised for a deeper correction and stocks are to be bought very carefully.
HAPPY INVESTING AND TRADING.
