The market breadth was positive as 1,782 shares advanced while 634 declined and 89 remained unchanged.
Major Wall Street benchmarks hit fresh records on Monday, buoyed by a strong U.S. corporate earnings season & an improving economic outlook.
On the sectoral front barring banking & financials, all other indices ended with losses.
The threat to the bulls is likely to come from the FIIs who have turned into sustained sellers.
Asian stocks are trading mixed on Monday as investors look ahead to the release of quarterly earnings by HSBC.
Religare is bullish on HDFC Ltd with a price target of Rs 3,000 per share.
F&O expiry, Q2 earnings, IPOs will dictate the trend of the stock market in the forthcoming week
The equity market may struggle to hold its footing next week and is likely to stay range-bound.
Corrections were seen in stocks that were highly overvalued without any fundamentals justifying the high valuations.
If the market is showing beginning of a correction, it may see a possible entry for many investors who are waiting for a descent from the record peaks