The Indian Equity Markets on Tuesday opened in the green early morning itself. The bulls seem to be in control of the day on the back till mid-afternoon. Then all of a sudden there was severe selling in the midcap and small stocks. Most Stocks except the large-cap stocks came down anywhere between 5 to 10 percent.
Bharti Airtel, Tech Mahindra, HDFC, Kotak Bank, M&M, and HCL Tech were the top gainers in a day of high volatility on Tuesday in the Indian equity markets.
On the other hand, Tata Steel, NTPC, ITC, and PowerGrid were among the losers in trade.
After starting the day in the positive zone, The markets did slide further downwards during the day and finally ended up at the closing bell at 16280(+21) levels whereas the Sensex closed at 54,554(+152) Levels.
Most analysts feel that the Domestic equities witnessed high volatility today and benchmark Nifty after recording a fresh all-time high fell sharply mainly led by heavy selling pressure in metals, PSU banks, and realty stocks
The financials (ex-PSU banks) continued to support the market and arrested a sharp fall along with IT stocks.
The experts feel that a strong rebound in midcap and small-cap stocks in recent months made investors to book profit against the backdrop of rising Delta variant coronavirus cases in various parts of the world.
The Market Experts feel that the Bulls will make a come-back during the week to scale above 16400 and higher for the August series.
The Foreign institutional investors Soldon Tuesday Rs 178 Crores whereas Domestic institutional investors Bought Rs 689 Crores.
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 16500 nifty levels in the August 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 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, Mphasis, TCS, HCL TECH, Tech Mahindra, Wipro, Co-forge, and Mastek is 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, Cipla, 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: Axis Bank, Indusind Bank, Icici Bank, Federal Bank, Canara Bank.
#5 NBFC Stocks: PEL, Shriram Transport, India Bulls Housing Finance, HDFC LTD, Bajaj Finance.
# 5 Pharma Stocks: Lupin, 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:
Ashok Leyland, Motherson Sumi, ISGEC Heavy Engineering, Hinduja Global Solution, Gabriel India, Bandhan Bank, Godrej agrovet, SBI, Gujarat Alkalies, Aarti Surfactants.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
11th August Stock Picks — Axis Bank, Divis Lab, Sun Pharma, TCS
( Watch YouTube Video Analysis here –https://youtu.be/i23-EBafyRs )
After a volatile 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 16400--16500 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!
