Quick Wrap: Nifty Realty Index declines 1 52% business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
For the coming week, the main worry for the market will be its own overstretched technical setup. This, when read along with the precariously low VIX value, raises a red flat for the immediate short term.
Analysts did not rule out the possibility of the market taking a breather as some intermittent profit booking is likely given the near 10 per cent rise in benchmarks from their recent lows.
Nifty Media index ended up 4.64% at 1900.1 today. The index has added 17.00% over last one month. Among the constituents, Network 18 Media & Investments Ltd jumped 19.96%, TV18 Broadcast Ltd gained 14.22% and D B Corp Ltd rose 6.86%.
The Nifty Media index has increased 44.00% over last one year compared to the 55.57% spike in benchmark Nifty 50 index. In other indices, Nifty Realty index increased 3.34% and Nifty PSU Bank index added 2.40% on the day. In broad markets, the Nifty 50 added 0.65% to close at 15737.75 while the SENSEX witnessed a rise of 0.69% to close at 52300.47 today.
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