The markets ran out of momentum in the day's session. Profit booking in the banking space weighed on the frontline indices, and the Nifty finally closed below the 6150 mark. The Sensex too shed over 60 points and shut shop at 20,498.
Speaking on today's trade, Rahul Mohindar of viratechindia.com said, the Nifty might see pullbacks or corrections to about 6070-6050. He hastened to add that the correction would not be much deeper than that. Overall however, he still believes that the Nifty looks good over the medium-term.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
