Are stock markets peaking out?

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Bulls continued dominating Dalal Street as equity benchmarks the Sensex and the Nifty hit fresh record highs of over 58,000 and 17,300 this week. BSE Midcap and smallcap indices also hit their fresh record highs but are stock markets peaking out? If yes, then what should be the investor strategies? N Jayakumar, MD, Prime Securities answers all these critical questions in this edition of the market masterclass.

The Nifty has rallied around 3.7% in this week and has been on a high for the last six days. It has managed to hit the 17,340 point mark and is only 600 points away from the adult zone of 18,000 mark. Sensex is also 1800 points away from reaching the 60,000-mark. In the coming week, experts expect Nifty to touch 17,500 and advance to 17,777 by the end of the week.