The Economic Times

BSE shares bounce 2% after 5-session losing streak. Heres why Jefferies, Nuvama advise caution

BSE shares face fresh pressure after Nuvama and Jefferies downgraded the stock, citing headwinds from the Closing Auction Session, RBIs bank guarantee norms and limited scope for further market share gains. Nuvama cut its target price to Rs 3,240, while Jefferies lowered its target to Rs 2,940.