The market is split right in the middle with the defensives on one side and the 'non-defensives' on the other side.
While index stocks- ITC,Sunpharma & Hindunilever are close to all time or near term highs, the others seem to be pretty much languishing near the near term lows. Stocks like Tata Motors, SBI & Infosys would fit that bill.
The defensive phase continues- for how long its difficult to guess but it shows the psyche of the investor is in a very defensive mode. Lets see if the credit policy statement changes things!
While index stocks- ITC,Sunpharma & Hindunilever are close to all time or near term highs, the others seem to be pretty much languishing near the near term lows. Stocks like Tata Motors, SBI & Infosys would fit that bill.
The defensive phase continues- for how long its difficult to guess but it shows the psyche of the investor is in a very defensive mode. Lets see if the credit policy statement changes things!
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