Dealing Room Check:- Due to the excellent Q3 update, there was a stormy rise in the shares of DMart. The stock became the hero of the day with a jump of 12%. The company’s sales increased by 17% in the third quarter. Other retail shares also appeared to be in full swing. V2 Retail and Vishal Megamart also saw a jump of up to 5%. The way was cleared for IGL and MGL to get adequate gas. Petroleum Ministry asked ONGC and GAIL to provide gas to city gas companies at reasonable rates. After this, a rise of 6% was seen in IGL and 2% in MGL. ONGC saw a rise of more than 6% as crude reached near $76. Jefferies maintains BUY rating on ONGC. Here, today the dealers advised their clients to place bets in the shares of SBI Life and Union Bank.
CNBC-Awaaz’s Yatin Mota quoted sources in the dealing rooms as saying that today dealers have bought shares in the insurance sector. Dealers have advised their clients to buy shares of SBI Life. According to dealers, fresh buying has been seen in the shares in the January series. Dealers are advised to buy BTST in stock i.e. buy today and sell tomorrow. Dealers have given targets of Rs 1475-1485 for January futures.
Motilal Oswal’s F&O calls will bring huge profits, IGL’s cheap option will give huge profits.
As for other stocks, dealers today gave bullish opinion on banking sector shares. Yatin Mota said that dealers have advised to buy shares of Union Bank. According to dealers, buying of shares by HNIs has been seen. Dealers have expected a target of Rs 130-132 on this stock. Dealers say its OI has increased by 3%. There have been fresh purchases today.
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