The Indian stock market is likely to open on a cautious note with a negative bias, on Thursday.
Due to expiry of near month derivatives contracts, movements will be quite volatile at times. Shares from banking, automobile and realty sectors are likely to see some buying during the course of the day.
The rupee's movements will be eyed. Due to month-end dollar demand, the rupee may lose some ground. With the reporting season about to commence, investors are likely to tread cautiously and activity will be mostly stock specific.
Buy Sun Pharma for the target prices of Rs 580/585/Higher with a stop loss of Rs 563.00: ICICIDirect
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