The benchmark indices (BSE Sensex and NSE Nifty) are struggling to cross their recent record levels and are in a consolidation phase, which according to analysts, is a sign that the bulls are in a 'fatigue stage'.
The BSE barometer Sensex is currently trading 800 points down from its all-time high of 53,126 while Nifty50 is off some 200 points from the record peak of 15,915. While the overall trend for the benchmark indices looks positive, the current scenario is reflecting a confused state of mind among market players.
In the first half of the current year 2021, Sensex and Nifty have gained 10 percent and 12 percent, respectively.
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