 "Nifty at 10,000: Where to invest now?")
Aided mainly by optimism on June-quarter results, prospect of a good monsoon and strong economic climate, the Nifty50 index hit the psychologically important 10,000-mark for the first time ever in 21 years.
Given the development, analysts say the markets could see a bout of profit booking, especially ahead of the futures & options (derivatives) expiry due Thursday. A K Prabhakar, head of research at IDBI Capital, for instance, expects 200-300 point correction in the Nifty50 index now given the sharp run up on a year-to-date basis.
Even then, they feel there are investment-worthy sectors and stocks where one
Given the development, analysts say the markets could see a bout of profit booking, especially ahead of the futures & options (derivatives) expiry due Thursday. A K Prabhakar, head of research at IDBI Capital, for instance, expects 200-300 point correction in the Nifty50 index now given the sharp run up on a year-to-date basis.
Even then, they feel there are investment-worthy sectors and stocks where one
