Dealing Room Check: – PSUS, Metal and Capital Goods shares saw the best selling. The Capital Goods Index broke around 5%. In PSUs, Hudco slipped more than 9% and became the top loser of futures. Along with this, the shares of BEL and HAL were also seen trading by falling 6%. At the same time, light purchases were seen in IT stocks. Tariffs on China can be positive for Indian chemical companies. The UPL and PI industries saw a gain of 3-4%. Along with this, shares like Naveen Florine, Deepak Nitrite also looked bright. Tomorrow, two Nifty companies will result in Asian Paints and Titan results. Here the dealers today gave their opinion to their clients to bet in the stock of UPL (UPL) and SBI (SBI).
Yatin Mota of CNBC-Awaaz quoted the sources of dealing rooms as saying that today the dealers have shopped in the chemical sector shares. Dealers have given the opinion of shopping in UPL shares to their clients. According to dealers, FII shares have short coverings. Dealers have advised to buy BTST in stock and buy tomorrow. Dealers say that a target of Rs 650-655 can be seen in the February series in the stock.
Market Outlook: Melted market due to the warmth of tariff trade war, know how the Nifty’s move can be on Tuesday 4 February
In the form of second stock, dealers also gave a bulish opinion in the bank shares today. Yatin Mota said that the dealers have advised to shop in SBI shares. According to dealers, domestic funds have been purchased at a lower level. Dealers have advice for positional shopping in this stock. According to the dealers, the stock may show positive targets up to Rs 780-790.
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.)