(a) Housing Sector: Key beneficiary appears to be Indiabulls Housing Finance and probably this is the reason that Credit Suisse is buying its shares from the open market for the past 2 trading days.(Credit Suisse buys 22.93 lakh shares of Indiabulls Housing for Rs 71.5 Crore). Well remember that Indiabulls Housing Finance is a high-risk high return stock and the way it goes up, it can come down ferociously and thus trade with a strict stop loss.
(b) Insurance: As we know penetration of insurance is low in India and is in single-digit and we see some incentives for this sector and thus insurance asset management companies are likely to be gainers like HDFCLife, SBILife, Nippon asset Management (NAM-India) and Icicipru.
(c) Pharma: We have covered this sector earlier and had recommended Drreddy, Auro Pharma, Glenmark and now we add the name of Wockphardt to the list.
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