Markets were down today,nifty closed down at 52 points at 11251, and the sensex by 214 points at 38409, the markets reecovered a bit at the end. The Foreign investors are selling and with the carona virus spreading to India, a lot of nervousness is created in the Capital markets. The results of companies are average and not very good, combined with the outbreak of the virus and the world economy in a tailspin, markets were down.
Some also warn, the markets are oversold, and not to go short ie expecting furthur cooling of prices.Some say, the world economy is down and it takes time to recover. With the times we are living now, markets seem to be down and it is better to take care. Stick to those stocks you are familiar with it is a safe bet.
