Dealing Room Check:- Today the maximum shine was seen in metal stocks. The Nifty Metal index jumped nearly 4%. NMDC and SAIL jumped more than 5%. JSPL, HINDALCO and Vedanta also rose 4%. Along with this, buying was also seen in government bank, auto and capital goods shares. The market did not like HCL Tech’s Q3 results. It witnessed the biggest intraday fall in 10 years. Today, pressure was seen in other IT stocks also. On the other hand, Adani Energy Solutions saw a rise of more than 12% after a good Q3 update. A jump of 12% was also seen in Adani Green, Adani Total. Adani Enterprises also saw a rise of 7%. Here, today the dealers advised their clients to place bets in the shares of INDUS TOWER and FEDERAL BANK.
CNBC-Awaaz’s Yatin Mota, quoting sources in the dealing rooms, said that today dealers have bought shares in the telecom sector. Dealers have advised their clients to buy shares of INDUS TOWER. According to dealers, there has been purchase of shares by funds. Dealers have advised to buy BTST in stock i.e. today and sell tomorrow. Dealers have given targets of Rs 345-350 for the stock.
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As for other stocks, dealers today gave bullish opinion on banking sector shares. Yatin Mota said that dealers have advised to buy shares of Federal Bank. According to dealers, HNIs have bought this stock. Dealers have expected a target of Rs 200-205 on this stock. Dealers say that its OI has increased by 2% and there has been fresh buying in the stock.
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