Top gainers in the Sensex pack during Dussehra and Diwali included Larsen & Toubro.
The stock is down nearly 7 per cent at Rs 268.20 against its listing price of Rs 287.75.
Nifty’s next critical resistance appears to be placed around 10,710.
Reddy said stock valuations have become more reasonable now following the correction.
Shares of Bharti Airtel dipped over 1 per cent to Rs 298.50 for the week ended November 9.
Only 28 stocks in Nifty pack closed in the green with YES Bank, HPCL gaining up to 5.37%.
The rupee hit a fresh low of 74.48 against the US dollar in October.
India’s domestic consumption is expected to see solid expansion in the years ahead.
Demonetisation is still a matter of bitter debate between political parties.
The average projection for Nifty target by next Diwali came in at 11,755.
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