Team Blitz India
NEW DELHI: Indian Public Sector Undertaking (PSU) stockscontinued to soar, reaching yet another fresh lifetime high as investors are confident of Prime Minister Narendra Modi’s comfortable return to office.
The Sensex was 0.2 per cent higher at 75,585 points, after touching an all-time high of 75,679 points soon after the opening bell.
Similarly, Nifty too remained around its all-time high of 23,000 points.In the weekly note, Ajit Mishra, SVP, Research, Religare Broking Ltd., expected the Nifty to move towards the 23,150-23,400 range soon.
“While all key sectors are contributing to the rally, banking and IT still have significant upside potential, and their participation could drive the index to much higher levels, Mishra added.
He further recommends continuing a stock-specific trading approach, with a preference for large-cap and large mid-cap stocks for short-term trades.
