Nifty breaches 10,000-mark; ends lower on profit booking

The benchmark Nifty on Tuesday breached the 10,000-mark for the first time, but a wave of profit booking dragged the gauge down to close at 9,964.55. 

The 50-share index had first topped the 9,000-level in intra-day trade on March 3, 2015. The index, however, only managed to close above the 9,000-mark two years later on March 14, 2017. This time around experts don’t expect that long for the index to achieve the five-figure mark at close as investor sentiment and institutional flows remain strong even as high valuations remain a concern.

Those in the bull camp expect corporate earnings to