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Nifty hits 13,000-mark, Sensex at record peak: Is it time to book profits?

A cocktail of better-than-expected earnings, improved Goods and Services Tax (GST) collection, better macro-data, and progress in Covid-19 vaccine development has pushed Nifty50 & Sensex to their peak

Topics
Markets | Trading strategies | Nifty 50

Nikita Vashisht  |  New Delhi 



record high
Even as analysts expect markets to continue with the uptrend as liquidity surplus, especially due to foreign capital, negative triggers, which the markets are not pricing-in, may lead to a sharp and sudden correction

The dream run of the domestic equities reached a new pinnacle on Tuesday when the Nifty50 index surpassed the 13,000-mark for the first time ever. The S&P BSE Sensex, meanwhile, kissed the 44,500-mark in intra-day deals.

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First Published: Tue, November 24 2020. 11:45 IST

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