This Tuesday Morning, Indian equity markets would look forward to moving towards higher levels in the near term. It will be a fascinating duel between the Bulls and the Bears this week in the Indian stock market.
For the last week of this year, the bulls seem to be in control to scale life time highs and close this year on a high note.
The big news is Tata Motors suges 5.7% Bretix Relief.
WIPRO came with a buyback of Rs.400 price & also Midcaps index is now up 24% for the year ending of 2-year bear market.
As the SGX Nifty indicates a higher start to trade.
NIKKIE 1.45% (390.14).
SHANGHAI 0.24% (8.28)
STRAITS TIME 0.15% (4.25)
SGX Nifty 0.32% (45.00)
The Foreign institutional investors did buy on Thursday with Buy figures at Rs 1,589 crores.
The Domestic institutional investors did Sell on Thursday with Sell figures at Rs 1,386 crores.
The U.S. Markets closed on mondays with DOWJONES closing (+204.10), S&P closing up at (+32.30) and NASDAQ closing positive up at(+94.69). The U.S Markets closed in the positive on Monday with the sentiments favouring a positive outlook for end year closing in the coming week.
Many analysts believe that Indian markets will be carrying the positive global sentiments and the same will be reflected in the trading in the Indian equity markets.
Watch out Most Analysts Expect the I.T to continue to be in the limelight till the Infosys results on 13th Jan 2021. The positive sentiment created by the Big Deal wins by Infosys and Wipro has already set the expectation for all I.T. Stocks for a good performance this Quarter and with its new buyback.
Technology Sector: The Sector to watch out for on Monday in Indian equity Markets.
All the I.T. Stocks like Infosys, Wipro, HCL Technology, Tech Mahindra, TCS, L&T Technology and the midcap and small caps Like Mindtree, NIIT LTD, Tata Elixsi, Co-Forge will be in the limelight on Monday.
Large Caps Stocks: Stock to watch out will be Reliance, L&T, Divi’s Lab and Dr Reddy’s
Defensives like Pharma sector looks good and Stocks like Cipla, Dr Reddy’s, Lupin, Sun Pharma, and Divi’s Lab will look forward to continue the up move on Monday.
The NBFC stocks strongly came back on and Piramal Enterprise Ltd, Bajaj Finance can lead the way in the coming trading session.
The Stocks to watch out on Tuesday will be HDFC, Piramal Enterprise Limited, Bajaj Finance, Bajaj Finserve, Lic Housing finance, and smaller stocks like Mahindra and Mahindra Financial Services, L&T Financials.
The private banks like HDFC Bank , Icici Banks, Axis Bank ,Indusind bank, Kotak Bank looked strong on Thursday’s trading and start moving upwards again on Monday.
The Insurance Stocks like Hdfc Standard life, Sbi life had a positive day on Thursday.
Most Analysts expect Energy stocks do well in the coming days of the week.
Energy Stocks like IGL, MGL, ONGC, Coal India, and BPCL will need to be watched for the coming week.
The stocks to keep an eye will be the Banking and Financial Stocks, I.T Stocks, Pharma Stocks, Energy Stocks, and FMCG Stocks.
Keep these stocks under your radar for Trading and investments on Tuesday:
Infosys, Mindtree, HCL Technologies, Tata Elixsi, Tech Mahindra.
Kotak Bank, HDFC Bank, ICICI Bank, Federal Bank, Axis Bank.
Bajaj Finance, Piramal Enterprise Ltd, Shriram Transport, HDFC, L&T Financials.
# Pharma Stocks: Cipla, Lupin, Dr. Reddy’s, Divi’s Lab and Cadila.
# Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets:
Reliance, Bharti Airtel , Ashok Leyland, Tata Motors , Adani Port, HDFC Standard Life, Sbi Life, BPCL, ONGC,, Bharat Forge, Bharti Airtel, SRF, JSPL, Zee.
Many analysts believe that the BFSI Stocks, I.T. And Pharma Stocks will show strength in the coming days in the Indian equity markets.
BIOCON- Launched a new drug named Tacrolimus which is used to treat organ transplant patients.
3i Infotech- To sell global software product operation to Azentio Software for Rs.1,000 cr.. Company also tells software dimension constituting 38.1% of FY20 turnover.
STERLITE Tech- Co lines up at Rs.300 cr to boost optic fiber cable capacity. The company expects demand for higher-speed data cables to surge as telcos strengthen the network.
“Best wishes for a Fascinating Monday in the Indian equities markets!
Cheerful Trading !!
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