Manoj Murlidharan of IIFL told CNBC-TV18, "If one looks into expiry tomorrow, Sesa Goa and Hindalco Industries will definitely come into a volume-weighted average price (VWAP) concept and we are expecting this 4.8 percent on metal weightage to go up to 5.6 percent. This has to happen in two contracts. We like Hindalco, JSW Steel and Sesa Goa. These should be the three top picks and not only for tomorrow we guess for the month of October."
"We have a view that October would not be a negative month unlike what a lot of expectations are because of the arbitrate that is going on, so we are expecting that metals and private banks will outperform and pharma and IT might underperform next month." Also Read: Setback for Vedanta; Mines Min opposes Hind Zinc stake saleDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
