The Indian Equity Markets opened in the green on positive global and Asian Markets cues on Monday early morning.
After starting the day in the slightly positive zone, The Indian equity markets did trade sideways for the most part of the day and finally the Nifty ended up at the closing bell at 16258(+20) levels whereas the Sensex closed at 54,402(+125)levels.
M&M, Axis Bank, Tech Mahindra, Bajaj Finserv, IndusInd Bank, Titan, and Dr. Reddy were the main gainers in trade on Monday's day of consolidation.
On the other hand, Bharti Airtel, Tata Steel, L&T, NTPC, and Bajaj Finance were among the losers.
The Indian equities was sideways throughout the day and profit-booking was seen at higher levels.
It was also seen that the financials and IT did support the market and arrested fall, while most other key sectoral indices traded in the red.
Most analysts feel that the economic recovery indicating strong credit growth in the following months and the likely opening of complete economy eased concerns with regards to the asset quality of banks.
This lead to a strong showing by the financial on a day of consolidation trading activity in the Indian equity markets.
Most Analysts believe that the Indian markets can make a smart upwards move, if well supported by the positive global set-up on Monday in the U.S Markets.
The Foreign institutional investors Bought Rs 211 Crores whereas Domestic institutional investors Sold Rs 716 Crores.
Most experts believe that the Indian equity markets can continue to move upwards when the FII's resume buying in a big way and move towards the all-time high during this week.
There seems to be a possibility of the Banking Sector, I.T. Sector, Metals, Pharma, Power, and the defensive stocks doing well in the coming days.
Financials & Private banks like Federal Bank, Axis Bank, Icici Bank, Bandhan Bank, Indusind Bank, Kotak Bank, will look to move upwards from Monday's Trade.
PSU banks especially SBI will be in focus once the Bank Nifty starts to move upwards.
NBFC’S – Bajaj Twins, Shriram Transport Finance will give a good opportunity to buy on dips.
I.T majors like TCS, HCL TECH, Infosys, Mphasis, LTTS, LTI, Wipro, Tech Mahindra, Mastek are looking good to gain in the coming days.
Major I.T. Companies can be accumulated for a decent upside as the investors and traders are keen to buy them.
Pharma stocks like Cadila, Lupin, Divi’s Lab, Cipla, and Sun Pharma are expected to do good.
The stocks to keep an eye on in the Indian equity markets will be the I.T. Sector, Power Sector, Banking Sector, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Axis Bank, ICICI Bank, Kotak Bank, Indusind Bank, HDFC Bank.
#5 NBFC Stocks: Bajaj Finance, PEL, IBull Housing, Bajaj Finserve, SRT Finance.
# 5 Pharma Stocks: Divi’s Lab, Cipla, Glenmark Pharma, Sun Pharma, Lauras Labs.
#5 Information Technology Stocks: Sonata Software, Mphasis, HCL TECH, Co- Forge, Infosys.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
Godrej Agrovet, Aarti Surfactants, BF Investments, Graphite, Tata Motors, Chola Finance, ISGEC Heavy Engineering, Deepak Nitrate, Ashok Leyland, Gujarat Alkalies.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- —
10th August Stock Picks–– Coforge, ICICI Bank, Sun Pharma.
(Watch YouTube Video Analysis here –https://youtu.be/HHhsfHaRGWM)
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards of16400 -16500 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
