Taking Stock: Nifty scales 10,800 again, but lacks conviction; financials weigh on sentiment

Episode 2698,   Jul 13, 2020, 12:10 PM

It was a volatile trade on Monday but bulls managed to remain in control of D-Street helped by gains in Reliance Industries which hit a fresh record high and surpassed the market capitalization of Rs 12 lakh cr.

Selling in financials weighed on sentiment, and should be taken as a sign of caution, suggest experts. The S&P BSE Sensex rallied by nearly 100 points while the Nifty50 reclaimed 10800 levels.