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In opening trades, Sensex slipped 511 points or 0.88% to 57,389. Similarly, Nifty was quoting at 17,084 plunging 163 points or 0.95%.
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Asian stocks are trading mixed on Friday, following overnight losses on Wall Street.
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Axis Securities is bullish on Infosys with a price target of Rs 1,830 - 1,845 per share.
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The 30-share index advanced 113.11 points or 0.20% to settle at 57,901.14 while the NSE Nifty rose 27 points or 0.16% to 17,248.40
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Infosys was the top gainer in the Sensex pack, rising over 2%, followed by Bajaj Finance, HCL Tech, Tata Steel, Tech Mahindra and NTPC
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Among NBFCs, we think Cholamandalam Finance would be a dark horse, given that second-hand vehicles are seeing a huge amount of buying and selling
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In opening trades, Sensex slipped 125 points or 0.22% to 57,991. Similarly, Nifty was quoting at 17,304 declining 20 points or 0.12%.
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The Fed will conclude its two-day policy meeting on Wednesday later, and central bank Chair Jerome Powell is set to speak at a press conference.
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Religare Broking is bullish on PI Industries with a price target of Rs 3,050 per share.
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With regard to nomination by holders of physical securities, Sebi said nomination form will be sent out to the security holder accounts in two phases