News From Press Stock market may witness profit booking after 50K peak; all eyes on Budget

Stock market may witness profit booking after 50K peak; all eyes on Budget

The Budget is likely to have a major impact on the market, depending on whether it is positive or negative from the market perspective. If the Budget is growth-oriented, reformist and investor-friendly, the market will respond positively.

ET Jan 25, 2021

NEW DELHI: The Indian stock market which added another feather to its cap by scaling the 50,000-mount for the first time ever may witness some profit-taking ahead but for now, all eyes are on the upcoming Union Budget that will influence the onward journey of the bluechip index, according to analysts. From witnessing gigantic losses to record-shattering gains, investors witnessed a wide array of emotions in 2020. Markets showed volatile trends last year, with the benchmark crashing to its one-ye ..

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