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"Market is trading at premium valuation supported by strong liquidity on expectations of earnings revival and positive global cues. In the immediate future, the market will look for more Budget-related cues and as per progress of Q3 results season," said Vinod Nair, head of research at Geojit Financial Services.
During the first week of 2018, the Sensex notched up a rise of 97.02 points, or 0.28 per cent, while the Nifty gained 28.15 points, or 0.26 per cent.
"Important numbers to watch would be IIP (for November) and CPI (for December) which will be released on January 12," said V K Sharma, head private client group and capital market strategy, HDFC Securities.