Nifty Tips
Market Review Today 7 Jan :-
It is a weak start to the week. After closing for two days above the 6,000-mark, global sluggishness took a toll on the Nifty. It closed at 5,988, losing half a percent in trade. The Sensex lost 92 points or 0.47 percent and ended at 19,691. Ending the four-day rally, the Sensex closed 92.66 points down, or 0.47 per cent, to 19,691.42 led by stocks of capital goods and realty, while a rise in auto and metal stocks capped the losses.
Share Market Trend and Predictions :-
This phase will continue for a while. But in the next week to ten days, we should see a move towards 6,100-6,150. By this month-end, we should see new highs.
Brokers said the market remained under pressure as cautious investors indulged in profit-booking from recent star performers, while energy stocks rose on expectations of hike fuel prices.
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