Markets were down today, the Trade war between China, and USA has effected the markets. Election results, are expected to come on the 23rd of May. Markets are anxious about the results so, it is in the downward mode. Corporate results are also not up to the expectations. So, it has effected the valuations of stocks.ITC results were good. The 4th quarter results rose to 18% to inr 3482 crores. Sanjiv Puri is the new Chairman of ITC, after the death of Y.C.Deveshwar the former and late Chairman of ITC.
Markets will be in a downward trend in my personal opinion, and only selective stocks should be bought. As usual, booking profits periodically is advisable.
