The domestic equity market opened on a positive note on
Thursday after the US Fed hiked interest rate by 25 bps, inline with market
expectations.
At 09:25 am, the 30-share index Sensex of BSE
was trading 75 points higher at 33,211 while the broader Nifty50 index of
National Stock Exchnage (NSE) gained 30 points to trade at 10,185.
"We reiterate that traders should remain
light within this consolidation and should rather focus on individual stocks
with a proper exit strategy. Directionally, market is still not done with the
corrective phase and hence, booking timely profits in existing longs with a
short term view makes a good ploy for the momentum traders,” says Sameet
Chavan, Chief Analyst-Technical and Derivatives, Angel Broking.
Read More:- Share Market Updates
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