118 stocks saw short build-up: Balkrishna Ind, UBL, NMDC, Pidilite Industries, Page Industries.
The index witnessed marginal profit booking at higher levels on Tuesday but then bulls managed to push the index near its opening levels. However, the overall sentiment looked muted with the more stocks declining than advancing, which suggests that the momentum could be fading
118 stocks saw short build-up: Balkrishna Ind, UBL, NMDC, Pidilite Industries, Page Industries. FIIs data continues to remain muted whereas DII inflows continue to flow in.
Focus is now on the upcoming Budget, which could be a macro event and guide future market direction. Analysts do not recommend entering fresh positions at this juncture.
For more, watch the Markets@Moneycontrol show. Moneycontrol analyst Shishir Asthana speaks to Anchal Pathak about the markets trends to look out for today.