The Indian Equity Markets on Tuesday opened in the green in early morning trade. The bulls seem to be in control of the day on an upward trending day of trading.
Bharti Airtel, Bajaj Finance, Bajaj Finserv, Asian Paints, Titan, TCS, and Tech Mahindra were the top gainers in trade on Tuesday.
On the other hand, Nestle India, IndusInd Bank, and Reliance Industries were the laggards.
After starting the day in a slightly positive zone , The nifty did trade sideways for some time before gaining strength and finally ending at the closing bell at Historic levels of 17132(+201) levels whereas the Sensex closed at 57,552 (+662)levels
Domestic equities extended gains with Nifty surpassing 17,000 levels within a month. Bharti Airtel was in focus again due to clarity over fundraising and indication of tariff hike.
It was seen that midcap and smallcap stocks underperformed on profit-booking.
The Markets saw Sustained buying momentum across all sectors and favorable global cues aided markets. All the key sectoral indices traded in green with metals, financials (excluding banks), and pharma witnessing stronger recovery.
The Market Experts feel that the Bulls will make a strong attempt to scale towards 17500 and higher for the September series.
The Foreign institutional investors bought on Tuesday Rs 3881 Crores whereas Domestic institutional investors Sold Rs 1872Crores.
The FII’s buying in a big way will definitely help the up move in the markets. Most analysts are expecting the markets to now trend upwards to 17600 nifty levels in the Sept Series.
Most experts expect that if FII’S buying continues, the indices will go upwards in the coming few days.
Stocks to watch out for this Wednesday Morning in the Indian Equity Markets
There seems to be a possibility of the banking and financial sector bouncing back strongly to higher levels.
The I.T, Metals & Chemicals Sector also will be keenly watched by the traders.
NBFC’S – Bajaj Finance, Mahindra and Mahindra Financial Services, PEL, Bajaj fin serve, Shriram Transport Finance will be under the radar of the traders.
Private banks like HDFC Bank, ICICI Bank, Axis Bank, Bandhan Bank, Indusind Bank, Kotak Bank, Federal Bank, will look to scale higher from hereon.
The I.T majors like Infosys, Wipro, Mphasis, TCS, HCL TECH, Tech Mahindra, Co-forge, and Mastek are likely to move up quickly in the coming days.
The other I.T. Stocks like LT Infotech, Intellect Design, LTTS, Sonata Software also can be observed for an upwards move in the coming days.
Pharma stocks like Sun Pharma, Wockhardt, Cadila, Glenmark Pharma, Lupin, Divi’s Lab, Dr. Reddy’s, SPARC, are expected to do well.
The general Sentiments continue to be positive in the Indian equity markets. The traders will be looking for global cues for direction in the coming days.
The stocks to keep an eye on in the Indian equity markets will be the Banking and Financial Sector, PSU sector, I.T., OMC, Chemicals Sector, Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: HDFC Bank, Indusind Bank, Icici Bank, Federal Bank, Canara Bank.
#5 NBFC Stocks: Bajaj Finance, Shriram Transport, India Bulls Housing Finance, HDFC LTD, PEL.
# 5 Pharma Stocks: Granules, Divi’s Lab, Cadila, Glenmark Pharma, Sun Pharma.
#5 Information Technology Stocks: Mphasis, LTI, LTTS, Mastek, Tech Mahindra.
#10 Other Main Stocks to watch out for on this Wednesday Morning in the Indian Equity Markets:
Aster DM, Emkay Global, ISGEC Heavy Engineering, Hinduja Global Solution, Gabriel India, Bandhan Bank, Godrej agro vet, Bank of Baroda, Gujarat Alkalies, Aarti Surfactants.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
1st September Stock Picks —
( Watch YouTube Video Analysis here –
After a consolidating day of trading on Tuesday, the view is that the Indian equity markets will go higher from here on in the August Series.
Most Analysts expect the markets to reach 16800--17000 levels for the near term.
Best wishes for a Profitable Wednesday in the Indian equity markets!
INDIAN EQUITY MARKETS THIS WEDNESDAY MORNING!
Best wishes for a Cheerful Wednesday in the Indian equity markets!
