An evening walk down Dalal Street on January 7, 2019

A positive end for the market, but certainly not a result that the bulls would have anticipated, given how the day had started. Consecutive session of gains nudged investors to book profits.

As a result, the Sensex ended more than 200 points from the day’s high points, while the Nifty failed to hold 10,800.

The day began on a strong note as strong Asian cues and SGX Nifty trends hinted at a positive start. Asian markets rallied on the back of hopes of a solution from a trade talks’ meeting between US and China. This spilled over to local markets in India as well. An appreciation in the rupee aided sentiment as well.

Benchmarks extended their gains through the morning session, with the Sensex rising over 300 points as well. The Nifty had clocked 10,800 during the day. During the afternoon, both traded in a tight range.

But post lunch session of the market saw indices taking a turn, as profit booking gripped D-Street. Both indices gave up a huge chunk of their gains, forcing them to end albeit in the green, but off high points.