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Dalal Street Week Ahead: Here are 10 key factors that will keep the traders busy
BSE Sensex crossed 46,000 for the first time with adding 1,019.46 points, while the Nifty50 gained 255.35 points to end at 13,513.90 levels in the last week. December 13, 2020 / 09:28 AM IST
Market continued to hit fresh record highs in the week gone by on the back of positive global cues. Benchmark indices gained 2 percent each crossing major milestones in the sixth consecutive weekly gain.
BSE Sensex crossed 46,000 for the first time adding 1,019.46 points in the past week, while Nifty gained 255.35 points to end at 13,513.90. Market will react to the macroeconomic data viz. IIP and CPI inflation in early trade on December 14. We reiterate our positive yet cautious approach citing overbought conditions and suggest limiting leveraged positions. It’s prudent to stick with stock-specific trading approach and using dips to add quality stocks, said Ajit Mishra, VP - Research, Religare Broking.