Sensex 15,786 Is A Major Hurdle To Cross, Says Vishwas Agarwal

The 30-share benchmark, BSE Sensex, on Tuesday (June 17), marked its BSE Sensexclosure with a hefty gain of 301.08 points at 15,696.90, led by banking and realty stocks.

It also touched a high of 15,732.75 and a low of 15,357.98 during the day.

In the morning deals, the Sensex saw volatility and was trading flat for a short period. Afterward, it gained strength on the back of sustained buying action witnessed across board.

The broad-based NSE Nifty closed at 4,653.00, up 80.50 points, after hitting a high of 4,664.05 and a low of 4,561.75.

Stock market analysy Vishwas Agarwal said that BSE 15,786 is a major hurdle for the market after sharp rally of almost 1,000 points from recent lows.

Mr. Agarwal said, “Wednesday is an important event day as UPA and Left will meet on nuclear treaty issue. I feel some profit booking will come at higher levels.”

He also said that it is sensible to wait for the result of the meeting for future strategy.