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Sensex slips from record highs on profit-booking; bank stocks tumble

Sensex slips from record highs on profit-booking; bank stocks tumble
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Nifty: Sensex rebounds to settle 145 pts higher, Nifty rises for sixth day; Tata Steel jumps 4%

Stock Market: IPO listing, FII buying among key factors that will steer market this week

“With positive economic data pointing towards economic recovery, the market is expected to remain bullish in the long term while the possibility of a short correction in the near term cannot be ruled out. On the backdrop of eased retail inflation, the wholesale price inflation data to be released next week is expected to cool down as well,” said Vinod Nair, Head of Research at Geojit Financial Services.

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