Market is likely to see some profit booking and correction from these levels after the stupendous run up in the last few trading sessions. Breakout from the trading range has so far been led by large caps with banking sector followed by oil and gas making the maximum contribution. Going ahead we expect other sectors like infrastructure, capital goods, power, etc. as well as mid and small cap segments to join the bull run. Credit policy likely to raise rates by 25 bps, something which has already been discounted and factored in the prices. Any surprise in the expectation might lead to a knee jerk reaction in the market.
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