The Nifty lost 165 points touching 10195 and the sensex lost 509 points touching 33176. Japanese and Shanghai markets were also down, due to trade wars and European markets were ok. Indian markets went down the main reason being political development, the TDP party pulling out of the NDA the ruling ally of the BJP. It called for a No Confidence Motion, creating disturbances in the minds of Investors. The other reason is the Indian stocks are considered over valued.
Buying has come down by Institutions, as investment by them has come down, due to the less retail participation by Retail investors in Mutual funds. Markets seem to be dull for sometime, as the valuations are considered higher, and the political developments might be a spoiler.
