Stocks of companies having operations and exports to Europe were the top losers.
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
Geopolitical concerns, earnings sees investors rush to safe haven plays post the Union Budget presentation in July.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
One category which stands out is fixed maturity plans due to its tax benefits, notes Prateek Mehta, CEO and company-co-founder, Upwardly.in.
They are suitable for a 3-5 year horizon. Choose equity funds for longer than 5 years
The market direction will be guided by corporate earnings, especially the oil & gas companies, since they were responsible for earnings disappointment in the past quarter as well.
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
Over the past two decades, India has evolved economically as well as from the market's perspective.
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