Hello everybody, the markets have come down they are as damp as the cold weather in Bangalore.The sensex closed at 25036 down by 274 points and the Nifty closed by89 points to 7612. The uncertainty over the GST bill passing in Parliament is the main issue. Asian markets have fallen badly led by the decline in metal stocks, the US fed Reserve might raise the interest rates after a long gap which is a reason for nervousness in Stock Markets.
Auto stocks are confusing, as the urban population is buying automobiles while rural people,are avoiding auto purchases. The good stocks and defensive stocks are fmcg stocks were your money is safe and a moderate appreciation is there.As, they have a consistent demand.It is better to watch the markets trade cautiously.HAPPY TRADING AND INVESTING.
