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A temporary breather after ~8% rally over the past four weeks would present an incremental buying opportunity to build a quality portfolio.
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Stocks like Amara Raja Batteries, Jindal Stainless, Shyam Metalics and Maruti Suzuki India have slumped than 5% this month.
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Moving past 16,700 and staying there is critical. Even though I don't see any sharp corrections but range-bound trade is expected on the Nifty
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Shares of the public sector lender traded almost flat at Rs 152.85 in the early deals on August 27, Friday.
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In early deals, Sensex lost 67.12 points or 0.12% at 55,881.98, while the Nifty 50 declined 6.95 points or 0.04% at 16,629.95
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Here is the list of top stocks that could be in focus on August 27, Friday.
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Motilal Oswal, Centrum Broking and Manas Jaiswal Technical recommended Tata Consumer with a target price of Rs 880, Rs 880 and 890, respectively.
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Federal Reserve Chairman Jerome Powell is slated to make remarks on Friday as part of the central bank's summit.
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Reliance Industries, closing over 1% higher, was the top Sensex gainer, followed by M&M, HCL Tech, Axis Bank, ICICI Bank and HUL
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After swinging between gains and losses, the 30-share BSE index settled at 55,949.10, up 4.89 points or 0.01%