Banking and FMCG are Among Key Buy and Sell Stock Trading Tips
The global uncertainty due to US President Donald Trump’s outlook towards foreign trade especially with Asian countries is causing a great amount of turbulence in the stock markets of India. This status is expected to continue as Sensex and Nifty are likely to extend losses due to tracking Asian markets, which slumped to nine-month lows on growing worries the US administration’s approach to trade is harming global economic growth even as it appeared to be modifying its approach to curb Chinese investments in US technology firms.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.25 percent to a nine-month low in early trade while Japan’s Nikkei shed 0.30 percent. The US S&P 500 lost 0.60 percent on Wednesday to one-month closing low.
MSCI’s broadest gauge of the world’s stock markets fell to its lowest level in almost three months, on course to post its fourth month of loss in the last five. Its emerging market index hit the weakest level since mid-August.
Banking sector and FMCG are expected to remain action zone among investors of stock market. Stocks such as SBI, Colgate are going to drive great action.