DHFL
call given in live market today hit first target;135
Shares of Dewan Housing Finance Corporation
Limited (DHFL) moved higher by 10 per cent to Rs 135 apiece on the BSE in an
otherwise weak market, on reports that private equity (PE) firms are eying a
minority stake in the housing finance company.Despite a rally in global
equities, Indian markets lost ground on Monday, as investors assessed the
nation’s retaliation to a deadly attack on its defense forces last week. Both Sensex and Nifty are trading below their
crucial psychological support levels.Benchmark indices
ended nearly 1 per cent lower on Monday, led by a decline in PSBs, IT and FMCG
(fast moving consumer goods) stocks. Market remained on a selling spree
as reducing foreign inflows due to fear of escalation of tensions at the border
impacted the sentiment.The investors should trade with caution and
maintain a strict stop loss below 10,620-10,600 in case they are long on the
index. After six straight sessions of decline, there is a high probability of a
technical pullback.