The Nifty NSE index was down by 82 points at 10589 and the sensex was down by 179 points at 35037. The markets are down following the world markets which are on a downward spiral. A selling by Institutional investors is the main cause for a fall in the markets. With a spate of Elections, and with 2019 National Elections approaching, markets are nervous, with the coming together of the third front, which will be a problem of loose confederation of parties in power quarelling with each other. Markets dont like this uncertainity.
Ashok Leyland holds a lot of promise. Britannia rose prominently. Stocks like Dabur, Britannia, Hind Lever hold good promise as the demand is consistent. Ashok Leyland makes commercial vehicles suitable for transport of goods and people. It is also into defence production. But, it is better to be careful as Markets are falling continuously.
