Maintain December Nifty target of 8,500: PhillipCapital

Phillip Capital maintains December Nifty target at 8,500. They also said, "Considering the limited upside, we await more visibility on monsoons and further traction in the macro indicators while concerns about increasing global volatility due to fluctuating global economic data, upcoming crucial events such as Brexit, global central banks’ future monetary policy increase down-side risks. Hence, we reduce our portfolio beta."

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