Dealing Room Check: To increase liquidity, RBI started Daily Variable Rate Repo i.e. VRR, which led to rapid growth in public sector banks. Nifty PSU Bank index rose nearly three percent. Indian Bank, Bank of Baroda, Union Bank and Bank of India rose three to four percent. Along with this, there was a boom in metal and capital goods also. However, pressure was seen in FMCG and IT. The proposal to increase ethanol prices may soon get approval from the cabinet. PRAJ INDUSTRIES shares rose more than 5% on CNBC-Awaaz’s mega exclusive news. Here the dealers today INFOSYS and ICICI LOMBARD Advised his clients to bet in the shares of Rs.
CNBC-Awaaz’s Yatin Mota, quoting sources in the dealing rooms, said that today dealers have bought shares in the IT sector. Dealers have advised their clients to buy shares of Infosys. According to dealers, HNIs have bought this stock. Dealers have advised to buy BTST in stock i.e. today and sell tomorrow. Dealers have given targets of Rs 1980-2000 for the stock.
Like other stocks, dealers today gave bearish opinion on insurance sector shares. Yatin Mota said that dealers have advised to sell the shares of ICICI LOMBARD. According to dealers, FIIs have sold this stock. According to dealers, there is a possibility of a fall of Rs 30-50 in the stock. Dealers have advised to sell STBT in stock i.e. today and buy tomorrow.
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