These Countries Could Cause Our Market to Fall - Chart Of The Day 6 September 2018 - Equitymaster

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These Countries Could Cause Our Market to Fall
Sep 6, 2018

The recent woes of emerging nations seem to be a never-ending affair. Every day, a new country joins the 'fragile' list.

The latest to do so is South Africa. South Africa's economy shrank by 0.7% in the second quarter. The nation is now in a recession.

South Africa joins Argentina, Turkey, and Brazil in the list of developing countries to have their currencies crash against the US dollar.

India has fared relatively better...for now.

The rally in crude oil has also not helped matters. We are seeing similar signs to those seen five years back.

In 2013, India was a part of 'fragile five' emerging markets along with Brazil, South Africa, Indonesia, and Turkey.

Political uncertainty, high inflation, slower growth and large fiscal deficits had dented investor confidence in Indian markets.

While the Indian economy is on a comparatively strong footing, elections next year could be a cause for worry for the market.

Any fractured mandate combined with the weak rupee and rising crude oil prices would be a recipe for pain in the short-term. The next few months could be volatile.

But no matter what happens, dear reader, we'll stay on top of it and recommend safe stocks at the right price.

Consider, Tanushree's recent StockSelect recommendation. As per the company's management, if crude sustains at US$ 60-US$ 65, one of the company's primary segments would receive a big boost.

It's just a matter of buying this stock at the right price.

Data Source: Ace Equity

This Chart Of The Day was published in The 5 Minute WrapUp - In a Crisis, if Petrol Prices Hit Rs 100, This Stock Could Be a Good Buy

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