The Indian Equity Markets opened slightly lower and then consolidated before finally moving towards an all-time high at the closing bell on Monday's trading session.
Tata Steel, Bajaj Finance, M&M, Bajaj Finserv, and Reliance Industries were the main gainers in trade on Mondays consolidating trading sessions.
On the other hand, Maruti, Bajaj Auto, PowerGrid ad UltraTech Cement were the losers.
After starting the day in a slightly negative zone, The nifty did trade sideways for some time. Then nifty started to gain strength and by the closing bell finished at Historic highs of 16563(+33) levels whereas the Sensex closed at 55,582(+145)levels.
Sectorwise, BSE metal, energy, oil and gas, FMCG, and finance showed strength whereas telecom, auto, capital goods, and power were weak on Monday's trading session.
It was seen that the Broader midcap and smallcap indices underperformed the benchmark.
It was observed that buying shifted to heavyweights like Reliance, HDFC combined with stocks from the metal and financials space aided the index to inch higher.
The markets will be guided by the performance of the global indices in the coming days.
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 Sold Rs 1088 Crores whereas Domestic institutional investors bought Rs 506 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 HDFC Bank, 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 bounce back from the weakness of last few days.
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: ICICI Bank, Kotak Bank, Indusind Bank, HDFC Bank, Federal Bank.
#5 NBFC Stocks: Bajaj Finance, PEL, IBull Housing, Bajaj Finserve, SRT Finance.
# 5 Pharma Stocks: Divi’s Lab, Glenmark Pharma, Sun Pharma, Lauras Labs, Granules.
#5 Information Technology Stocks: LTTS, Mphasis, HCL TECH, Co- Forge, Infosys.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
Granules, 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- —
17th August Stock Picks–– Bharti Airtel, HDFC Bank, ICICI Bank, Sun Pharma
(Watch YouTube Video Analysis here –https://youtu.be/LSJimj77_3M
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards of16700 -16800 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
