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Ventura Securities is bullish on Ion Exchange with a price target of Rs 2,600 per share.
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Sensex settled at 60,322.37, down 396.34 points or 0.65%, while Nifty ended 110.25 or 0.61% lower at 17,999.20.
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A retail investor can benefit from arbitration as the shares are trading at a discount of Rs 29/- to the buyback offer price.
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The bull run is likely to continue for the next 2-3 years but things won't be easy from here in terms of stock picking.
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Most sectoral indices on the NSE were trading in the green. Nifty IT & Nifty Media indices rose 0.39% each
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Macrotech Developers has launched its qualified institutional placement on Monday. The floor price is set at Rs 1,184.70 per share.
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U.S. equities were flat on Monday, as U.S. Treasury yields reversed and climbed higher, and investors awaited quarterly reports from big retailers.
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Religare Broking is bullish on Bharti Airtel with a price target of Rs 800 per share.
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Sensex settled 32 points or 0.05% higher at 60,718, while the Nifty added 6 points or 0.04% to close at 18109.
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T+1 means that market trade-related settlements has to be cleared within a day of the actual transactions taking place