Earlier in the opening trade, the 30-share index fell by over 14 points due to profit-booking at higher levels amid a weakening Asian trend.
Brokers said investors booked profits, following upsurge in the past few seasons. They said the sentiments further dampened on a weakening Asian trend.
The Asian markets were down, tracking a sell-off in global shares late last week, as investors continued to shed risk ahead of the closely fought US presidential election and looked past a strong US jobs data to fragile economic growth worldwide.
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Adani Enterprises Ltd.
Time Frame: 2 months
current: 222
Target:
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Thursday as funds and retail investors preferred to book profits after six sessions of gains amid a weak trend in global markets.
Stocks of realty, power, banking and IT sectors declined due to profit-booking.
Brokers said besides profit-booking by speculators, a weak trend in Asian trade following overnight losses at the US market on fears its economy is facing another huge economic crisis, spurring a sell-off, dampened the trading sentiments here.
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Script: United Breweries (Holdings) Ltd
Current Price: 130
Target price:
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