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Market is bearish, Axis Bank Slipped 7%

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1 Market is bearish, Axis Bank Slipped 7% on Fri Aug 16, 2013 12:57 am

Market is trading in bearish mode, At 12:00 pm nifty fell down 155 points. Hero Motocorp, HCL tech, Power grid, Tata Motors gained.

Axis bank slipped 7% after the stock dropped from MSCI standard, the shares are also came under pressure after RBI announcement, for overseas investors to purchase aditional shares given the foreign share holding limits .

All Sector indices negative, India VIX index gain 21%, Market is volatile. I have to suggest investors hold their positions. Buy large cap stocks, invseting in long term is not risky.

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