Dealing Room Check:- Good buying was seen in pharma and auto shares in the market today. Both sector indices rose by about one and a half percent. ESCORTS became the top gainer in futures with a jump of four and a half percent. Among pharma stocks, Glenmark, Dr. Reddy’s and ABBOT jumped up to 3%. Mamta Machinery’s IPO brought wealth. It gave more than double returns on the day of listing itself. DAM CAPITAL was also listed at a premium of 39%. Along with this, TRANSRAIL LIGHTING, SANATHAN TEXTILES and CONCORD ENVIRO were also listed in the premium range of 19 to 35%. Here, today the dealers advised their clients to place bets in the shares of Lupine (LUPIN) and Policy Bazar (POLICY BAZAR).
CNBC-Awaaz’s Yatin Mota quoted sources in the dealing rooms as saying that today dealers have bought shares in the pharma sector. Dealers have advised their clients to buy Lupin shares. According to dealers, domestic funds have bought shares. Dealers are advised to buy BTST in stock i.e. buy today and sell tomorrow. According to dealers, targets of Rs 2275-2300 are possible. According to dealers, there has been fresh buying in pharma shares in the January series.
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Like other stocks, dealers today gave bullish opinion on insurance sector shares. Yatin Mota said that dealers have advised to buy shares of POLICY BAZAR. According to dealers, fresh buying has been seen in January series futures. Dealers have given positional targets of Rs 2150-2200 on this stock. Dealers advise to buy in the short term.
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