Dealing Room Check: – Capital Goods, Realty saw good shopping today. Both sector index climbed about two percent. Polycabs, Voltas and BHEL ran three to four percent in Capital Goods. Along with this, metal and PSUs also looked bright. For the US and Europe, the weak Outlook of Capzamini also showed pressure on Indian IT shares. The IT index slipped about one and a half percent. LTIM slipped more than 3% and became the top loser of futures. Along with this, pressure was also seen in TCS, Infosys and Tata Alexi. The European Union imposed a sanction on steel and aluminum imported from Russia., EU’s decision was positive for Indian metal companies, which led to a gain of three to four percent in Nalco, Hindustan Copper, NMDC and SAIL. Here the dealers today gave their opinion to their clients to bet in the shares of Hindalco and NBCC.
Yatin Mota of CNBC-Awaaz quoted the sources of the dealing rooms as saying that today the dealers have shopped in the shares of the metal sector. Dealers have given the opinion of purchasing in Hindalco shares to their clients. According to dealers, metal stocks have been purchased today. Dealers have advised to buy BTST in stock and buy tomorrow. Dealers say that a target of Rs 630-640 can be seen in the stock.
In the form of second stock, the dealers today gave a bullish opinion in the shares of the PSU company. Yatin Mota said that the dealers have advised to shop in NBCC shares. According to dealers, there has been a purchase in PSU shares by HNIS. Dealers have advice for positive purchases in this stock. According to dealers, the stock can show targets up to Rs 85-90.
Disclaimer: (Information provided here is being given only for information. It is necessary to mention here that the investment in the market is subject to risks. Always consult expert before investing as an investor. It is never advised to apply here.)