The Indian equity markets had a strong positive day on Monday.
Mondays trading started with Gap up opening with nifty at 14500 levels. The Metal sector, banks and realty stocks saw buying in the early morning session.
Pharma Sector saw profit booking in Mondays trade. Little bit of volatility did come in the afternoon.
Finally at closing Bell, the Sensex was up 508 points at 48386 whereas the Nifty was up 143 points at 14485.
Amongst the Gainers were Axis Bank, ICICI Bank, UltraTech Cement, JSW Steel and Grasim Industries.
On the other hand Britannia Industries, HCL Technologies,Cipla, BPCL and HDFC Bank were the losers on trade on Monday.
Except pharma Sector, most of the sectoral indices traded in green on Monday.
The outlook for the near term will depend on the fast recovery as far as the covid situations in the country is concerned.
The Foreign institutional investors sold Rs 1111 Crores whereas Domestic institutional investors bought Rs 1022 Crores.
Most experts believe that the indian equity markets will continue to be volatile till the covid situation improves.
The upward movement will resume once the FII Starts buying.
There seems to be a possibility of the Metals , Banks , I.T., Pharma and the defensive stocks doing well in the coming days.
Financials & Private banks like Axis Bank, Icici Bank, Bandan Bank, Indusind Bank, Kotak Bank, HDFC Bank will look to recover from the mondays lows.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give good opportunity to buy on dips.
Major I.T. Companies can be accumulated for a decent upside.
I.T Majors like Wipro, Infosys, Co-Forge , Tech Mahindra, and HCL Tech are bound to gain in the coming days.
Pharma stocks like Cadila, Glenmark Pharma, Dr Reddy’s, Lupin, Divi’s Lab, Cipla, and Sun Pharma are expected to do good.
Cement stocks like Shree Cement , Dalmia Bharat ,Ramco Cement are likely to show strength.
The stocks to keep an eye on in the Indian equity markets will be the Banking Sector, Metals Stocks, FMCG Stocks and Cement sector Stocks.
# 5 Banking Stocks: Axis Bank, HDFC Bank, Rbl Bank, ICICI Bank, Federal Bank.
#5 NBFC Stocks: Bajaj Finance, PEL, HDFC LTD, IBull Housing, Shriram Transport.
# 5 Pharma Stocks: Dr Reddy’s, Divi’s Lab, Cipla, Glenmark Pharma, Sun Pharma.
#5 Information Technology Stocks: Infosys, TCS, HCL TECH, Co- Forge, Infosys.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
Reliance, Bharti Airtel, Tata Chemicals, Bajaj Finserve, DLF, HDFC Bank, Tata Motors, Tata Power, Adani Enterprise, Deepak Nitrate.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
27TH April Stock Picks — Bajaj Finserve, DLF, HDFC Bank, Tata Motors, Tata Power.
( Watch YouTube Video Analysis here – https://youtu.be/eQqBuL6M-OU )
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s.
This will help the Nifty to cross the 14700 -14800 levels on Tuesday.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
We do conduct Pre-Market Analysis webinars daily in the morning. You can join this live webinar of today through our Facebook Page & Youtube Channel.
Cheerful Trading !!
