Sensex Up 114 Points as Profit Booking Continues at Highs

Imagine a big market where people buy and sell small pieces of companies, called the stock market.

In Mumbai, India, one of the most famous markets is called the Sensex.

Today, the Sensex went up a little bit, by 114 points.

But some people who own stocks decided to sell some to take their profits, which is called profit booking.

Different parts of the market did different things.

Companies that make defense equipment did very well and went up 1.58 percent.

Companies that work with metals went down by 1 percent, which was the biggest drop.

A chart expert named Shrikant Chouhan from Kotak Securities says the market is near an important support line called the 20-day average.

If the market stays above this line, it could climb to around 78,500 to 78,700.

But if it drops below 77,700, more people might sell and it could fall to 77,200.