Sensex To Cross 15,000 Level
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Sensex to cross 15,000 level

Dalal Street is likely to cross the 15,000 level onTuesday and may hit the first upper circuit of 10 per cent as the upbeat marketsentiment may attract retail investors to cash in on the bullish phase,analysts said.

Major market players were of the opinion that today's rally of nearly 20 percent suggests the market might gather momentum in coming sessions amid pickingup of capital inflows by foreign funds, and any support from retail investorswould place the key-index beyond 15,000 points levels soon.

"Market may see small movement of 500-700 points. It may witness 15,000mark in intraday trade at which point it may see sell-off," KeynoteResearch senior vice president Nitin A Khandkar said.

After a sea-change in the market scenario, speculators would also run to coverup their pending short positions on fears of further upsurge in the shareprices.

"Investors who could not take part in the rally today may try to reapgains on Tuesday," a NSE broker Rajeev Mallik said adding there werechances of the market hitting a 10 per cent upper circuit in early trade onTuesday. And if this happens, the barometer would be at around 15,500 pointswithout taking much time, he said.

Many of the analysts feel the 30-share benchmark may touch the 15,000 level ifthe rally continues on Tuesday, with some of them not ruling out that an uppercircuit breaker might be hit again.

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