Dealing Room Check:- Due to all-round selling in the market, Nifty Realty Index fell by more than 5 percent. Oberoi fell heavily for the second consecutive day due to fears of slowdown in demand. Whereas shares of Lodha, Godrej Property, DLF, Prestige fell by 6 percent. On the other hand, the condition of government companies and metal shares also looked bad. Today the market got the support only of IT. Nifty IT index appeared up by one and a half percent. Wipro jumped nearly 3% to become the top gainer in futures. There was excitement in TCS and Infosys also. ICICI Pru shares became the top loser in futures with a fall of 8%. While Indiamart’s share fell by 9 percent, Cyient DLM’s share fell by 13 percent. Here, today dealers advised their clients to place bets in the shares of Lupin and Indian Hotels.
CNBC-Awaaz’s Yatin Mota quoted sources in the dealing rooms as saying that today dealers have bought shares in the pharma sector. Dealers have advised their clients to buy Lupine shares. According to dealers, domestic funds have bought pharma shares. Dealers have advised to buy BTST in stock i.e. today and sell tomorrow. Dealers have given targets of Rs 2150-2160 for the stock. According to dealers, fresh buying in shares has been seen in the January series.
HDFC BANK Q3 Result: Profit increased to Rs 16,735 crore, NII increased to Rs 30,653 crore
As for other stocks, dealers today gave bullish opinion on hotel sector shares. Yatin Mota said that dealers have advised to buy shares of Indian Hotels. According to dealers, there has been buying of this stock today by HNIs. According to dealers, the stock may see a target of Rs 780-790. Dealers advise to adopt the strategy of BTST i.e. buy today and sell tomorrow in this stock.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. Moneycontrol does not allow anyone to It is never recommended here.)