Markets today: Mr. Mayuresh Joshi - Portfolio Manager, Angel Broking

"The equity markets reacted to negative global cues which were reflected with an inverted curve in the US Bond markets and the German Bunds entering into negative territory indicating a fair probability of global recessionary conditions. Couple that up with the uncertainty related to Brexit which can cause upheaval in risk-on assets/currencies and the possible outcome associated with our general elections added to the pressure the markets were facing. So, the markets shall be taking cues from the aforementioned factors and a pragmatic approach would be to have a diversified investment strategy with a bias towards quality and a systematic and staggered rationale to reduce one's impact cost that may arise from the volatility."

Source : Equity Bulls

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