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

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.
 

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 the markets to their peaks, analysts say. That said, while the markets look poised for sustained uptrend, investors may consider profit-booking gradually, say analysts.

What will drive the markets?
 

According to a monthly report by Edelweiss Mutual Fund, it’s “risky to