The BSE Sensex closed down at 34010.76 down by 286.71 points and the Nifty closed by 93.20 points at 10452.30.
Markets have become volatile and one should be careful while trading and investing. The volatility in crude oil prices and increase in trade deficit has hit the market. PSU lenders like SBI and Bank Of Baroda declared their exposure to PNB fraud case that raised concerns, over risk management in Banking space.
Mid Cap expert Porinju Veliyath continues to be bullish on Infrastructure stocks, as their is a huge deficiency of infrastructure in India. India needs to spend inr 10 to 50 lakh crores over next 10 years. Martkets will continue to be volatile and one should not expect returns of 2017.
