Himalayan News Service

Mumbai, March 12:

Overseas as well as domestic investors are likely to pause for a breather after indulging in hectic buying activity in the past week that propelled the key index to a record high. Analysts and market traders say while the stock market sentiment continues to be positive, investors may take a cautious view of the valuations of some index heavyweights that have soared sharply. The stock market barometer 30-share Bombay Stock Exchange sensitive index or Sensex closed Friday at 6,853.73, representing a moderate gain of 4.25 points or 0.06 per cent over its previous week’s close. The market closed in the positive zone for the second consecutive week, after finishing lower in the previous two weeks, with fund operators expanding their portfolios after the presentation of the annual general budget. The market index had closed at an all-time high of 6,915.09 Tuesday on massive institutional buying interest.