Profit-booking at higher levels is leading to bouts of correction in the market, traders sayEquity benchmarks Sensex and Nifty started on a choppy note on Thursday, July 8, 2021, amid a negative trend in Asian peers. The 30-share BSE index was trading 3.34 points or 0.01 per cent higher at 53,058.10 in initial deals, while the broader NSE Nifty inched 8.95 points or 0.06 per cent lower to 15,870.70. Bajaj Auto was the top gainer in the Sensex pack, rising nearly 2 per cent, followed by Tech Mahindra, NTPC, IndusInd Bank, PowerGrid, M&M and HCL Tech. However, profit-booking at higher levels is leading to bouts of correction in the market, traders said. Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading in the red in mid-session deals.

Source: The Hindu July 08, 2021 04:18 UTC