Ritu Modi believes the key is to remain invested and take advantage of the power of compounding
In early deals, Sensex rose 106 points or 0.20% to 54,661 whereas the Nifty 50 was trading at 16,313 higher by 33 points or 0.21%
Santosh Meena of Swastika Investmart is positive on HCL Technologies with a target price of Rs 1,100
The 30-share index ended at its lifetime peak of 54,554.66, up 151.81 points or 0.28%
BSE Sensex closed 151.81 points or 0.28% higher at record high of 54,554.66, while the broader NSE Nifty advanced 21.85 points or 0.13% to 16,280.10
HDFC, Kotak Mahindra Bank, IndusInd Bank, M&M and Reliance Industries were the top Sensex gainers
Two Federal Reserve officials said on Monday that the US economy is growing rapidly
Financials and IT supported market and cushioned the fall, while most key sectoral indices traded in red
Nifty IT index climbed 0.72%, followed by the Nifty Pharma & Nifty Realty indices rose 0.48%, each. While Nifty FMCG & Nifty Auto gained around 0.36%.
Key benchmark indices snapped four-day winning run to end with modest losses on Friday.