Market Outlook

Indian equity market ended their weekly session on a negative note for a fourth straight week. BSE sensex was down 1.75% for the week and the NSE nifty slumped by 1.93%.
NSE Nifty closed below the 10,000 mark for the first time since October last year. Realty, Metal and Banks were the biggest losers during the week.
Donald Trump imposed on Thursday about the tariffs on Chinese goods and Chinese government also announced their import taxes on US products.
Indian market witnesses selling pressure on Monday’s market. The foreign investors planned to trade their shares on Monday due to trade war.
The investors have negative on fears about the global trade war. It could turn the global market extremely bearish.
Volatility of the market will be high in this week because we have the yearend coming.
Consumer durable stocks and Pharmaceutical stocks may continue to remain positive in this week.
The manufacturing industry stocks such as chemical, machinery tools and motor vehicle are expected to be higher on coming days.
The investors are recommended not to buy stocks in banks and IT industry to avoid the risk of loss and the short term trend is clearly negative.

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