The Nifty and the Sensex have scaled new highs. Watch out for profit-booking

The bellwether indices — Nifty and Sensex — extended their gains and continue to rule at new highs, backed by strong rally in the bank as well as mid and small-cap segment. The healthcare sector stocks also contributed to last week’s rally. Global events dominated market moves last week. While the Fed held rates steady, President Donald Trump nominated Jerome Powell as new Fed Chair. This move was...