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Stock Markets
Sensex breaches 31,000: What should be the next move of investors?

BSE Sensex closed the week at an all-time of 31,028.21, on the same day when Modi-led government completed its three years in the office. NSE Nifty too followed the suit and closed at 9,595.10.

 
 
On the 30-stock Sensex, 26 closed higher with Larsen and Toubro (4.69 percent), HDFC Bank (3.10 percent), and ICICI Bank (3.06 percent) being the top gainers.
Speculators covering up their short positions ahead of the May derivatives contract expiry tomorrow added to the upward move.
The Sensex retreated from record, ended 223.98 points lower at 30,434.79 while Nifty falls 96.30 points to 9,429.45.
Sensex ended the day 76.17 pts higher at new closing peak of 30,658.77 while the Nifty gained 13.50 pts to record a closing of  9,525.75.
Indian markets extended their rally all through the day to closing as investors remained bullish about the prospects of a good monsoon.
 
 
The bourses were tracking a rebound from global markets. In the domestic front, investors cheered the GST Council for finalising rates of 1,211 goods.
The Indian benchmark indices opened with deep cuts as the Sensex plunged over 150 points in the red and the Nifty50 retreated from yesterday's record high level.
Indian benchmark indices opened flat, with a negative bias, tracking muted global cues.
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