Realty was a bright spot in yesterday's trade as the sectoral index gained more than 4 percent for the day.There was some buying in the infra related stocks on hopes of a big stimulus on the Infrastructure front. DLF might come under pressure on the news that US-based private equity investor D E Shaw is looking to sell only 60% of its investments in DLF Assets, after gaining as much as 5 percent for the day reaching Rs 326.
Stay away from the stock of Hindalco Ind. The scrip of Hindalco might be under pressure for the second day in a row as the company fundamentally looks weak and has a long way to go before it settles down. One could look to accumulate the stock at Rs 60 to Rs 65 levels.RNRL might active and might face some selling on the reports of Reliance Industries Ltd is taking the Bombay High Court order of June 15 on gas supply to Anil Ambani’s Reliance Natural Resources Ltd (RNRL) to the Supreme Court.
Zee Entertainment Rs 177 is likely to be active this morning after the channel has regained the top slot that it relinquished almost a decade. Overall a good day for the markets, do not expect huge gains, as the action is likely to be stock specific.Emco Ltd, Surana Ind, Geojit secturities and Moser Baer are some of the stocks to watch in today's trade.