The market was completely lacklustre in trade amid low volume due to holiday mood across the globe, though the Sensex hit the 16000 mark. Index heavyweights like Infosys, L&T and Reliance Industries were helping the market while ITC, SBI and ONGC were under pressure. The Sensex was up 42.88 points at 16,013.63 and the Nifty gained 11.7 points at 4,790.70.
Sudarshan Sukhani of s2analytics.com tells CNBC-TV18 that it is time for Indian equities to consolidate.
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