Sensex Trades Marginally Higher; ICICI Bank & HDFC Top Gainers

Share markets in India are presently trading on a positive note, tracking gains in global peers amid signs of a slowdown in US-China trade war. US President Donald Trump on Wednesday delayed an additional increase in tariffs on Chinese goods by two weeks.

The BSE Sensex is trading up by 57 points while the NSE Nifty is trading up by 14 points. The BSE Mid Cap index is trading up by 0.2%, while the BSE Small Cap index is trading up by 0.6%.

Sectoral indices are trading mixed with stocks in the automobile sector and IT sector witnessing selling pressure, while finance stocks and banking stocks are witnessing buying interest.

The rupee is currently trading at 71.29 against the US$.

Speaking of Indian stock markets, if you look at the returns over the years, you will see that the markets have never moved in a linear fashion.

It has never been a one-way street - only up or down.

Stock markets have always moved in cycles.

If you would have bought stocks when either the Sensex or the Smallcap index was in a downturn, you would have made big returns once the cycle turned and the bulls took over.

The Time to Buy Stocks is Now

 

The economic slowdown does not herald the end of the world or for that matter the end of India. It's a phase and like all phases - This too shall pass.

The real question is - Are you taking advantage of these price declines to buy quality stocks?

In news from the pharma space, Strides Pharma Science on Wednesday announced that it has acquired 70% stake in Switzerland-based Fairmed Healthcare AG for Rs 158.6 million. The acquisition was made through its subsidiary Strides Pharma Global Pte Ltd.

The company in a statement said "Fairmed has built a strong franchise of supplying high-quality Rx and OTC products in key European markets and the acquisition will augment Strides' footprint in continental Europe with a direct presence in the German speaking markets of Germany, Austria and Switzerland collectively called as DACH region."

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