Monday, September 24, 2007

Sensex, Nifty at all-time highs

Sensex, Nifty at all-time highs

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The Sensex has reached an all-time high of 16869.64, while the Nifty has hit an all-time high of 4941.15. Oil & Gas, Bank and Capital Goods stocks led the rally. IT continued to drag due to strong rupee. The market also saw an all-time high market turnover at Rs 1.06 lakh cr. NSE F&O Turnover was at Rs 79,397 cr, while NSE Cash was at Rs 18,792 cr. BSE Cash Turnover was at Rs 7,740 cr. These were the all-time high cash turnovers on both BSE, NSE. Stock Futures Turnover too was at all-time high of Rs 52,187 cr.

HSBC says that the bull market is still intact and valuations are not overstretched.

So should investors look at cashing out partially, and if so, what should they look at selling? And more importantly, what should they look at picking up now?

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