Finally the profit booking stepped in - the benchmark Sensex shed nearly 140 points on Friday despite positive global cues. Banking, oil & gas, realty, metal, power, auto and technology companies' shares dragged the market down today.
Profit booking was due as the market looked overbought after the rally, says, Mitesh Thacker, Technical Analyst. The fall, he believes, probably will end up somewhere around 5780-5750 where the short-term averages are placed. "ThatDiscover 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!
