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Morgan Stanley maintained an overweight rating on Zomato but raised the target price to Rs 125 from Rs 115 earlier.

The Nifty Realty index was trading 0.56 per cent up at 575.35.

Bailey and other officials have stressed in recent weeks that, while they might be close to reaching the peak of their run of rate hikes, they would probably have to keep borrowing costs at high levels for a period, dashing hopes of quick cuts.

The yield on two-year U.S. Treasury notes rose to a 17-year high of 5.1970% on Thursday, a day after the Federal Reserve held interest rates steady but stiffened its hawkish stance for future policy.

Going ahead, if the counter fails to exhibit a smart rebound, the price action may dwindle towards Rs 2,288, its 200-SMA. Immediate hurdle comes to Rs 2,477(50 SMA), which must be leaped over to reclaim the losing bias.

​It is a 2-day pattern with a green candle and followed by a short candle within the green candle’s range in an uptrend.​

"While FPI flow has been net negative in the month of September so far, FPIs generally are comfortable with the India story, though some may have issues with valuations temporarily and may want to take some profits looking at the high equity market levels across the globe. ​They may come back in case Indian markets correct 10-15%. Even if they don’t correct, some FPIs may come back in after waiting a few weeks out."

​This indicates a bullish sentiment in these counters as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased.​

The net long position of foreign portfolio investors decreased from Rs 58,995 crore on Monday to Rs 33,913 crore on Wednesday.