Market turns choppy; Sensex tests 20,000 level
he S&P BSE
Sensex, which reclaimed 20,000 levels after opening on a subdued note,
also witnessed some selling pressure as investors preferred to book
profits after 1700 point rally in the past five sessions.
Analysts are expecting the index to touch 6,000 in the near term but caution of profit booking sessions before that.
"The prophets of doom have been proved wrong temporarily and profits seem to be coming at least on paper to the harried investors. The run up has been fast and furious and a lot of shorts are being forced to run for cover. The stability in the rupee has been adding to the positive sentiment on the bourses, said IIFL report.
Analysts are expecting the index to touch 6,000 in the near term but caution of profit booking sessions before that.
"The prophets of doom have been proved wrong temporarily and profits seem to be coming at least on paper to the harried investors. The run up has been fast and furious and a lot of shorts are being forced to run for cover. The stability in the rupee has been adding to the positive sentiment on the bourses, said IIFL report.
ANAMIKA SINGH
PGDM 3 SEM
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