Dealing Room Check: – Pharma and PSUs saw the best selling in the market. Both sector index slipped more than 3%. Laus lab slipped more than 9% in pharma stocks. Along with this, granules, glenmarks and lupine slipped up to 6%. Apart from this, capital goods, realty and government banks were also broken. After extremely weak results in the third quarter, Deepak Nitrate 15 percent broke and became an accident of the day. After the results, Manappuram Finance also broke 10 percent. This morning, the accurate analysis of both shares was done in Big Stocks. The outcry continued in midcap, smallcap. Both index broke 3 to 4%. Smallcap broke more than 22 % from the record high and came to the bear grip. The midcap index also broke 20 percent from high.
Adani Enterprises, Adani Port, Adani Power was seen trading below three to 5 percent. Adani Enterprises broke 8 % this week. Here the dealers today gave the opinion of making bets in the shares of Hindalco and ICICI Bank to their clients.
Yatin Mota of CNBC-Awaaz quoted the sources of dealing rooms as saying that today the dealers have made shopping in the shares of the metal company. Dealers have given the opinion of purchasing in Hindalco shares to their clients. According to dealers, shopping should be done in the decline in stock. According to dealers, the company expects to improve Novelis’ margin. Dealers say that a target of Rs 625-630 can be seen in the stock.
F&O calls of Motilal Oswal will make thick earnings, Lupin’s cheaper option will give strong profit
Dealers also gave a bulish opinion in banking share today as second stock. Yatin Mota said that the dealers have given the opinion of making positive purchases in ICICI Bank shares. According to dealers, domestic funds have been purchased in stock. According to the dealers, the stock can show a target of up to Rs 1280-1300.
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.)