The Indian market rose by more than 1% on Monday with S&P BSE Sensex adding over 700 points and Nifty50 closing above 18,200 levels. The auto, realty, banks, and IT stocks witnessed a rally, while consumer durables faced selling. Equitas Small Finance Bank, L&T Finance Holdings, and DLF were some of the stocks in focus. Jatin Gohil, Technical and Derivative Research Analyst at Reliance Securities, recommends partial profit booking for Equitas Small Finance and DLF, while advising to book profits for L&T Financial Holdings.
Market likely to extend breakouts this week, sector rotation can’t be ruled out
From a technical standpoint, Nifty50 remains firmly on a rising trajectory. If it continues to advance within its defined and laid path, it may go
December 3, 2023