17/06/2019
Hi all, excellent day.
Indian stock market is going through consolidation phase, with continued volatility with negative bias (bearish outlook). Continued trade war skirmishes between US and China are causing concern for the investors and FIIs.
India also has decided to impose higher tariffs on US imported goods, in retaliation for US adding additional tariffs to Indian exports to US market. This will also add to further volatility in the market.
Auto sector is going through a lean patch, with lot of pending inventory not getting cleared. As such, companies are planning to stop further production of automobiles, till existing inventory gets cleared. So, auto stocks are expected to go through some corrections.
In this situation, it will be better for retail investors to not venture into any bulk investments. SIP/STP mode will be ideal position to benefit from the low range values of the stocks and get benefits from staggered investments.
Consult a financial adviser to plan for your investments and align them to achieve your goals.
Happy investing.
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