South Korean protesters burn posters of Kim Jong Un following North Korea’s latest nuclear test last week, after which the European markets closed on a low note. Pic/AP/PTI

Nifty made a new, 52-week high at 8969 but did not sustain at that high, due to profit booking. Last Monday, we saw a good amount of buying in all sectors, except the IT sector. Going forward one can expect marginal decline in Indices due to weak global market conditions and profit booking. On Friday, the US market closed negatively and US futures are also looking weak due to concerns of a possible rate hike. Federal Reserve officials indicated a possible rate hike in the near term. Concerns about North Korea’s missile test also shattered the global markets.