Dealing Room Check: – Strong beating of IT shares was seen today. Despite the recovery, the IT index appeared to be down by about one and a half percent. PERSISTENT stock became the top loser in futures with a fall of 4%. Along with this, Oracle, Cyant and Birlasoft also fell by 3%. Weakness was also seen in realty and auto. But light buying was seen in pharma and capital goods. Lupine was seen in excitement after purchasing the portfolio of diabetes medicines from Eli Lilly. The company’s shares rose by about 2 percent. Here, today the dealers advised their clients to place bets in the shares of CESC and IGL.
CNBC-Awaaz’s Yatin Mota quoted sources in the dealing rooms as saying that today dealers have bought shares in the power sector. Dealers have advised their clients to buy shares of CESC. According to dealers, HNIs have bought power shares. Dealers are advised to buy BTST in stock i.e. buy today and sell tomorrow. According to dealers, targets of Rs 192-195 are possible. According to dealers, there has been fresh buying in the shares and its OI has increased by 7%.
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As for other stocks, dealers today gave bullish opinion on gas sector shares. Yatin Mota said that dealers have advised to buy IGL shares. According to dealers, buying of shares by domestic funds has been seen. Dealers have given positional targets of Rs 418-420 on this stock. Dealers say that there has been fresh buying in the F&O segment.
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