The Indian Equity Markets opened marginally lower in the early morning session.
Then the Nifty drifted marginally lower in the early trades but healthy buying interest in select heavyweights triggered a sharp recovery in the afternoon session.
Reliance, ICICI Bank, Bharti Airtel, Dr Reddy, Maruti and ITC were the gainers on Monday’s trading day.
On the losing side were M&M, Infosys, L&T, IndusInd Bank, Tech Mahindra and Sun Pharma.
Finally at Closing Bell, the Nifty ended at 15,582(+147) whereas the Sensex ened at 51,937(+514).
Apart from Auto and IT, all sectors closed in the green. The strength was mainly seen in energy, metal, telecom and oil & gas.
In Monday’s Trading session, the steady decline in daily COVID-19 cases bolstered investor sentiment amid mixed global cues.
Most Analysts believe that the rise in heavyweights supported the rally and sectors like metal, private banks, and energy witnessed maximum gains in anticipation of better economic growth.
The Foreign institutional investors bought Rs 2412Crores whereas Domestic institutional investors Sold Rs 179 Crores.
Most experts believe that the Indian equity markets will continue to be trend upwards and move towards the all-time high during this week.
There seems to be a possibility of the Banks, Pharma, OMC, I.T. and the defensive stocks doing well in the coming days.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give good opportunity to buy on dips.
Financials & Private banks like Axis Bank, Icici Bank, Bandan Bank, Indusind Bank, Kotak Bank, HDFC Bank will look to move upwards from hereon.
I.T Majors like Wipro, Infosys, Co-Forge, Tech Mahindra, Mastek, and HCL Tech are bound to gain in the coming days.
Major I.T. Companies can be accumulated for a decent upside.
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 Grasim, 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, I.T. Sector, OMC Stocks, FMCG Stocks and Cement sector Stocks.
# 5 Banking Stocks: Axis Bank, HDFC Bank, Rbl Bank, ICICI Bank, Canara Bank.
#5 NBFC Stocks: Bajaj Finance, PEL, HDFC LTD, IBull Housing, Bajaj Finserve.
# 5 Pharma Stocks: Sun Pharma, Divi’s Lab, Cipla, Glenmark Pharma, Dr Reddy’s.
#5 Information Technology Stocks: LTTS, TCS, Mastek, Co- Forge, Infosys.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
PI Industry, Axis Bank, Indusind bank, M&M Financial, Bharti Airtel, Chola Finance, Zee Ltd, Deepak Nitrate, Tata Motors, Graphite.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- —
1st June Stock Picks–- Coforge, Hindalco, Indusind Bank, RBL Bank.
( Watch YouTube Video Analysis here –https://youtu.be/PdFT47ssz5Y)
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards towards 16000 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
We do conduct Pre-Market Analysis webinars daily in the morning. You can join this live webinar on our Facebook Page & Youtube Channel.
Cheerful Trading !!
