Dealing Room Check:- Along with big banks, strong action was seen in small government and NBFCS stocks. Bajaj Finance and Canfin Home rose more than 3 percent. Banks like IOB, Canara, UCO were also seen trading up by 5 percent. However, mild pressure was seen in auto and IT. The market liked Wipro’s Q3 results. The stock witnessed a rise of more than 6%. Whereas Tech Mahindra had decent results, hence there was slight pressure in the stock. A rise of 5 percent was seen in UBL. TGBCL assured the company to pay the dues within the stipulated time frame, which led to a rise in the stock. Here the dealers today Bajaj Finance and JSW Energy Advised his clients to bet in the shares of Rs.
CNBC-Awaaz’s Yatin Mota quoted sources in the dealing rooms as saying that today dealers have bought shares in the finance sector. Dealers have advised their clients to buy shares of Bajaj Finance. According to dealers, domestic funds have bought this stock. Dealers have advised to buy BTST in stock i.e. today and sell tomorrow. Dealers have given targets of Rs 100-125 for the stock. Kotak Bank’s commentary on personal loan is a good sign for the company.
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As for other stocks, dealers today gave bullish opinion on energy sector shares. Yatin Mota said that dealers have advised to buy shares of JSW Energy. According to dealers, purchases have been made in this counter by FIIs. According to dealers, the stock may see a target of Rs 590-592. According to dealers, fresh purchases were seen in the January series.
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