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Share Market Outlook: The stock market witnessed a rise on Friday. Now there are full chances of a rise in the market on Monday next week. However, the selling by FIIs in the market remains the same. However, the market remained bullish on Friday due to strong buying by domestic institutional investors and a strong trend in the US market. The local stock market returned to bullishness on Friday and the BSE Sensex jumped 1,961.32 points to regain the level of 79,000. The National Stock Exchange's Nifty also closed at 23,907.25 points with a gain of 557.35 points i.e. 2.39 percent.
Even in Friday's huge rally, the selling figure by foreign investors is around Rs 1200-1300 crore. At the same time, the situation of geo-politics tension remains the same. In all these situations, do investors need to be cautious or should they book profits? Market expert Vivek Karwa of VRIDHI Investment gave his opinion on this.
Profit booking may happen on Monday.
He said that the investors' sentiments have already been reflected in the market. There is every possibility of some profit booking after the market opens on Monday. In such a situation, it may remain flat or close in the negative till the market closes on Monday.
In which sector should you invest money?
Looking at the market valuations, some good valuations are available in mid and small-cap pockets today. But it would be better if you bet on only a few selected stocks. Even in today's expensive sectors, cheap stocks are available. For this, investors need to exercise their minds.
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