💼The escalation of tensions in the Ukraine-Russia war can weigh on markets.
💼The element of uncertainty caused by the escalations is high and therefore most market participants are likely to be in a wait and watch mode.
💼However, any sharp slide in the market appears unlikely since the mother market US has largely downplayed the escalation.
💼Sectors to watch are hotels, aviation, banking, telecom, IT and pharma which are doing well.
💼FMCG, cement, petroleum refining and metals are weak.
💼Mutual fund schemes in Banking are ideal for investment now.
💼Systematic Transfer Plans (STPs) can be done in this and largecap category.
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Posted on : 21 Nov 2024 10:42 AM
