WISH YOU ALL A VERY HAPPY DEEPAVALI, the sensex ended 378 points down at 25743 and the Nifty ended at 7783 down 132 points. A lot of selling globally is going on and the Bihar Election loss for the BJP party has also contributed to the loss of markets. 15 FDI clearence has been made yesterday ie 10th of Nonember. The fear of the FED raising interest rates in its FED meeting is also a fear for the markets. The fdi policy of the Government might boost the markets in the Muhurat Trading which is supposed to be held today evening.Which is yet to be seen.
As of now, markets are lack lustre and participation is less. Corporate results have been fairly good so, the markets might not fear much. The reforms are going to take place irrespective of politics. Investors should concentrate on the scrips they are in than the markets as a whole. In these tough times it is better to stay with FMCG stocks and stocks with less competition like Watech Vabag. HAPPY TRADING AND INVESTING and wish you all a very HAPPY DEEPAVALI.
