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The Indian stock market is booming in every sector due to the relentless influx of foreign investors. Traders with a stock specific approach are more likely to book profits through intraday trading.

Dear Trader… As expected after a gap up opening at record high Indian benchmark equity indices witnessed profit booking on higher levels as heavyweight stocks such as ITC, Reliance Industries and Bajaj Finance witnessed sharp profit booking. Those apart, weak global cues heavily weighed on the investor sentiment. Markets were trading highly volatile during the day, as traders were cautious with the World Bank in its Global Economic Prospects report

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Nikhil Bhatt is a SEBI registered individual Research Analyst under the SEBI (Research Analysts) Regulations, 2014 is an entrepreneur, global thought leader with a sound understanding trend of BSE, NSE, financial industry segments and investment trends. According to Nikhil Bhatt, “Our mission is to spread financial awareness and improve financial literacy in a concise, simple and easy-to-understand manner. Backed by scientific research, ethical principles and reliable data, our publications benefit and guide the Indian financial / non financial community like merchants, managers, investors, traders and readers. We seek to make investment decisions more objective and mature”.