As adviced yesterday, stay away from the banking stocks for now, ICICI bank might be on tremendous pressure from the bears in today's trade.Banking,Metal and Realty stocks are the sectors that are likely to be pounded by the bears.Investors from a long term perspective might look in to 'Power', 'PSU' and 'Pharma' stocks as safe plays for now
The Civil Aviation Ministry’s proposal for allowing foreign airlines to pick up a stake in domestic airlines might boost the stocks in the aviation sector. We expect the stocks in the sector to end flat given the negative sentiment in the market.Later this week the Committee of Secretaries headed by the Cabinet Secretary is to consider a proposal to allow foreign airlines to hold a 49 per cent stake in scheduled, non-scheduled and charter airline.
Wipro has announced its third quarter numbers, reports CNBC TV18. Its Q3 consolidated net profit went up at Rs 1,003.9 crore as against Rs 969.8 crore, QoQ. Its consolidated net sales were up at Rs 6,634.30 crore versus Rs 6,519.60 crore