Experts cautious after sharp jump in indices Mumbai: The sensex and Nifty on Monday recorded new peaks on the back of strong buying in HDFC Bank, Reliance Industries and Infosys even as experts sounded a cautious note.
Experts cautious after sharp jump in indices Mumbai: The sensex and Nifty on Monday recorded new peaks on the back of strong buying in HDFC Bank, Reliance Industries and Infosys even as experts sounded a cautious note.
​After breaking out of the fortnight-long consolidation phase in which the market traded in a narrow range of just 300 points, Nifty on Monday scaled the fresh peak of Mt 22,000 for the first time in history with analysts saying that the market is behaving like a mature adult bull rather than a young and raging one.
As the Nifty hit an all-time high of 22,000 points, brokerages have advised caution and suggested profit booking in small-cap space.Pranav Haridasan, MD and CEO at Axis Securities said the IT sector has led the Nifty rally this month and has .
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