Sectors like capital goods, auto lead Sensex to new high ...Middle East

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Sectors like capital goods, auto lead Sensex to new high
New Delhu: An important feature of the recent rally in India is that it is led by fundamentally strong sectors like capital goods, automobiles, banking and metals, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The robustness of the Indian economy, the sustained capital flows into mutual funds and the enthusiasm of domestic investors can support the rally. However, valuations of the Smallcap segment are elevated and unjustified, he said. The hallmark of a bull market is its ability to set new record highs. This has been happening in the US market and also in the Indian market, he said. The pattern of ‘higher highs and higher lows’ is a distinct bullish signal

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