After touching a new high at the opening time on Thursday, the BSE Sensex closed the session at 14,861.89 after losing 18.35 points, whereas the broad based NSE Nifty ended the day at 4,353.95, down by marginal 5.35 points.
Vishwas Agarwal said the stock market once again broke down to reach the psychological 15,000 mark. Conservative buying and selling of stocks could take place in the nest trading session, but the same is likely to carry on.
Mr. Agarwal added that markets still are in bulls grip.
After opening the day sturdily at 14,932.53, the BSE Sensex further touched a record high of 14,963.26 in the morning trades. It is on the way to the 15,000 mark.
In spite of its lackluster debut, DLF has got into the group of top 10 market-cap companies.
In early trade, DLF’s market capitalization was Rs 93719.71 crore. Ahead of ICICI Bank and State Bank of India (SBI), DLF emerges as the eight biggest Indian companies in terms of market capitalization.
DLF has also become the first realty business firm to enter the list of top 10 market-cap companies.