Today the markets were down. The sensex was down by 44.43 points at 33307.14 and the Nifty was down by 15.60 points at 10226.90. Both the indices lost 2%.
Asian Markets were high on the back of US President Donald Trump agreed to meet with North Korean leader Kim Dong UN.On the domestic front GST council is supposed to meet on Saturday ie the 10th of March 2018.to discuss e-way bill and simplification of tax returns by simplifying techniclities around tax rebates. According to media reports alchohol might be included in GST, which might have an effect on liquor stocks.
Ashok Leyland, is a good stock as it is reasonably priced at 145/ but it can be bought at 135/. It is a maker of Commercial vehicles. There might be a policy of the Government giving inr 5 lakhs to truck operators to replace their vehicles after 15 years, this will stimulate demand for new trucks as the movement of FMCG, Manufactured Goods, and infrastructure related items like cement, steel will have to be moved. This will increase, so more trucks will be in demand.Markets will be dilly dallying high and low. The support for markets has come down, due to non buying from big players. Book profits and buy stocks periodically. Timing and Trend are essential now.
