After a steady of three days, the IT sector was seen in the Indian stock market on Wednesday. The Nifty IT index fell about 1%. Apart from this, metal, realty and capital goods sectors also appeared under pressure. However, the auto sector remained firm and many stocks performed well.
Avenue Supermart shares jumped due to expansion of D-Mart in UP
The news of Avenue Supermart (D-Mart) expansion in Uttar Pradesh caught the attention of investors. After the NCR, the company has opened its first store in Agra, making Share Market positive hints. After this news, the company’s stock jumped 3.5% and became the top gainer of the futures segment.
Share Market: Block Deal Decline in Hindustan Zinc
Hindustan Zinc’s shares recorded a steep decline. The company’s stock (Share Market) led to a block deal at a discount, which broke the stock more than 5%. This futures became the top loser of the segment.
Great recovery in BSE and IndusInd Bank
BSE shares (Share Market) saw a tremendous recovery of up to 6% from the lowest levels of the day. At the same time, IndusInd Bank shares closed up 5% and it was the top gainer of Nifty and futures segment. Along with this, shares of Bandhan Bank and Titan also saw good shopping.
Share Bazaar: Titan and Kaynes Technology bet in Dealing Room
Market Consultant Yatin Mota quoted the sources of the dealing rooms as saying that today the shares of Titan and Kaynes Technology in Share Market had a special eye on the dealers.
Btst advice in Titan
The dealers have advised shopping in shares of Tata Group company Titan. HNIS (High Networth Individuals) witnessed positive movement in this stock. Dealers hope that Titan shares can go up to Rs 3480-3485. For this, it has been recommended to adopt Btst (Buy Today, Sell Tomorrow) Strategy.
Share Bazaar: QIP speculation in Kaynes Technology
Dealers have also given a bullish view on the shares of Kaynes Technology. It was told that the company may soon bring QIP (Qualified Institutional Placement), which can speed up the share market. The June futures saw an increase of 39% in OI (Open Interest). Dealers hope that the stock target may be up to Rs 5750-5770. BTST Strategy has also been recommended here.
