After a tepid opening on Thursday, domestic benchmark indices gained momentum and scaled fresh highs tracking positive global cues. After hitting a ne
"Investors should stay cautious at present levels as midcap and smallcap indices have rallied more than 150% since the lows of March 2020."
Sensex rose 85 points or 0.15% to 57,423 and the Nifty 50 index was quoting at 17,095 advancing 19 points or 0.11%.
Asian stocks are trading mixed on Thursday as Australia reported a higher-than-expected trade surplus in July.
Sensex ended at 57,338.21, down 214.18 points or 0.37%, while the broader NSE Nifty ended 55.95 points or 0.33% lower at 17,076.25
Goldman Sachs maintains a ‘Buy’ rating on the stock with a price target of Rs 9,036 apiece.
Market analyst has advised investors to keep 75% of the portfolio in large caps amid the ongoing rally
Nifty 50 took just 20 sessions to surge 1,200 points from 16,000 to 17,200.
In early deals, Sensex was at 57,890.97, up 338.58 points or 0.59%, while Nifty advanced 82.95 points or 0.48% to a new high of 17,215.15.
India's real GDP grew by 20.1% in the April-June quarter of the fiscal year 2021-22, a record quarterly print on the back of low base.