Dealing Room Check:- Maximum pressure was seen in realty and metal today. There was a buying mood in auto and public sector banks. M&M rose nearly two percent in auto stocks. Along with this, success was also seen in Maruti, Tata Motors and Bajaj Auto. Amidst the slowdown in the market, shares of Adani Group showed momentum. Adani Green and Adani Energy Solutions became the top gainers in futures with a jump of 4% each. Along with this, Adani Power, Adani Port and Adani Enterprises also saw a growth of 2 to 3%. BPCL and NALCO were seen in good spirits today. Here, today dealers advised their clients to place bets in REC and Biocon shares.
CNBC-Awaaz’s Yatin Mota, quoting sources in the dealing rooms, said that today dealers have purchased shares of the public finance company. Dealers have advised their clients to buy REC shares. According to dealers, HNIs have bought shares. Dealers are advised to buy BTST in stock i.e. buy today and sell tomorrow. According to dealers, targets of Rs 530-545 are possible. Dealers have given buying advice on the basis of F&O trend.
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As for other stocks, dealers today gave bullish opinion on the shares of pharma sector. Yatin Mota said that dealers have advised to buy shares of Biocon. According to dealers, buying by domestic funds has been seen in its shares. Dealers have given positional targets of Rs 370-380 on this stock. Dealers recommend positional buying in this stock in January series.
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