Sensex @ 60,000: Time to rejig portfolio and buy the dips, say analysts

The 30-share Sensex index scripted history on Friday as it breached the 60,000 mark for the first time. The BSE barometer hit an all-time high of 60,333 and took just 91 sessions to climb the latest 10,000-points rally. It had hit the 50,000-mark for the first time on May 18, 2021.

While expensive valuations and a cautious global mood given the developments in China and the possibility of a third Covid wave may trigger mild profit booking in days ahead, most analysts remain optimistic and suggest a market correction, if any, should be bought into from a medium-to-long term perspective.