The Indian Equity Markets on Tuesday opened slightly in the green in early morning trade. The bulls seem to be in control of the day on a consolidation day of trading.
Most of the large-cap stocks did well whereas the midcap I.T. segments seem to have recovered from the last few day's weakness.
After starting the day in a slightly positive zone, The nifty did trade sideways for some time before gaining strength and finally ending at the closing bell at Historic levels of 16614(+51) levels whereas the Sensex closed at 55,792 (+209)levels.
Tech Mahindra, TCS, Nestle India, Titan, Infosys, and HUL were the main gainers in trade on a day of consolidation for the Indian equity markets.
On the other hand, IndusInd Bank, NTPC, Bharti Airtel, Tata Steel, and L&T were the main losers in trade.
After scaling a fresh lifetime high of 55,854.88 during the day, the 30-share index settled 209.69 points or 0.38 percent higher at 55,792.27.
Most analysts feel that the Domestic equities remained volatile amid weak global cues and would look forward to U S Closing to take direction on Wednesday for the weekly expiry closing.
The Midcap and smallcap stocks did remain under pressure even today, while Large caps did gain strength.
The Market Experts feel that the visibility of sustained earnings recovery in IT stocks in the backdrop of strong deal wins and encouraging guidance shared by managements in 1QFY22 made investors to lap up IT stocks.
The Market Experts feel that the Bulls will make a strong attempt to scale above 16800 and higher for the August series.
The Foreign institutional investors Sold on Tuesday Rs 343 Crores whereas Domestic institutional investors Bought Rs 266 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 16800 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 HDFC Bank, 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, Wipro, Mphasis, TCS, HCL TECH, Tech Mahindra, Co-forge, and Mastek are 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, 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: HDFC Bank, Indusind Bank, Icici Bank, Federal Bank, Canara Bank.
#5 NBFC Stocks: Bajaj Finance, Shriram Transport, India Bulls Housing Finance, HDFC LTD, PEL.
# 5 Pharma Stocks: Granules, 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:
Aster DM, Emkay Global, ISGEC Heavy Engineering, Hinduja Global Solution, Gabriel India, Bandhan Bank, Godrej agrovet, Bank of Baroda, Gujarat Alkalies, Aarti Surfactants.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
18th August Stock Picks — Adani Enterprise , HDFC Bank, Kotak Bank.
( Watch YouTube Video Analysis here – https://youtu.be/0HdvdOQuEdU)
After a consolidating 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 16800--17000 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!
