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Another day of record highs for markets but the momentum fizzled out slightly towards the close. But, benchmark indices did manage to hit a fresh record closing high.
What really stood out for was the listing of HDFC AMC. The stock eventually closed with a gain of 65% on the issue price at 1,100 at Rs 1815.95.
The beginning was upbeat but profit taking in index majors capped upside as the session progressed. Noticeable buying interest in midcap and smallcap pack kept the participants busy.
We may see some consolidation in Nifty around the current level prior to further rise. However, there'll be no shortage of trading opportunities on the stock specific front, thanks to prevailing earnings season.
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