We may see further consolidation in the index ahead and it would be healthy for markets. Participants should maintain extra caution in the selection of stocks now and focus more on risk management.

Dear Trader… Last week, the BSE Sensex hit a record high of 49795 points and the Nifty futures hit a record high of 14660 points on the back of strong buying by foreign funds and foreign portfolio investors in the Indian stock market. Foreign investors had invested an estimated Rs