Business Standard

Talks of correction on Dalal Street

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Our Web Bureau Mumbai
Following a 143-point fall on Friday, wherein the Sensex dropped below the 10K mark for the first time in eight trading sessions, the market is abuzz with talks of a pending correction.

According to Vijay Bhambwani, CEO of BSPL India, the Sensex has closed at the bottom of the intra-day range on Friday, which is a point towards weakness.

He adds that, the outlook for today is of abundant caution as the bulls are likely to offload long positions ahead of expiry and on reaching break even points.

 
 

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First Published: Feb 20 2006 | 9:18 AM IST

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