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Cairn Hot Buy
Metals and Oil stocks might lead the rally today as the sectors are the first to benefit from a global recovery. Focus on Cairn Energy from the Oil sector and Sterlite Ind, SAIL, Tata Steel are the picks in the Metals sector. We might also witness some interest in Real estate stocks like DLF and Unitech.
Coming to stocks specific action, Guj NRE Coke looks tempting at Rs 56 after the news of take over of mines in Australia. We reiterate a 'Buy' on Shipping Corp and ITI, especially after the news of aid to the telecom firm from the government. We also like Bharti Shipyard, ABG Shipyard and last but not the least drilling stocks like Great Offshore, Aban Offshore and Jindal drilling