Both the frontline indices, the BSE Sensex and Nifty are clearly witnessing selling pressure as they approached their respective all-time highs. For now, both the benchmarks seem to be struggling their immediate barriers of 62,000 on the Sensex and 18,500 for the Nifty, thus raising concerns over the prevailing optimism.
So far this year, inspite of the BSE Sensex and Nifty 50 dropping to hit new 52-week lows in July 2022, the benchmark indices were up 5.4 per cent on a YTD (Year Till Date) basis and merely 2 per cent shy from recording new historic peaks. The overall sentiment in