The Indian Equity Markets opened in the positive zone and then was gained strength to close at the days high on Monday.
NTPC, Bajaj Finserv, SBI, Bajaj Finance, Tech Mahindra, Dr. Reddy's and Tata Steel were the main gainers in Monday’s trading in the Indian equity markets.
On the other hand, Bajaj Auto, HUL, Nestle India, Kotak Bank, and Titan were among the laggards.
After starting the day in the positive zone, the nifty did trend upwards throughout to finally end strongly at the closing bell at 17601(+159) levels whereas the Sensex closed at 59,229 (+533)
The earnings season approaching soon, indices remained buoyant through the day led by the metals and PSU names with the market breadth exhibiting positive momentum across midcaps and small-caps Privatisation hopes on few metal names fuelled a 3 percent upmove on the metal index even as select pharmaceutical and specialty chemical stocks saw good buying interest.
The Foreign institutional investors Bought Rs860 Crores whereas Domestic institutional investors bought Rs 228 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, Metals, Pharma, Power, and the defensive stocks doing well in the coming days.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give a good opportunity to buy on dips.
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.
I.T Stocks like TCS, Mphasis, HCL TECH, Infosys, LTTS, LTI, Wipro, Tech Mahindra, Mastek are looking to bounce back from Monday's weakness and good gains can be made 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 Divi’s Lab, Cipla, and Sun Pharma are expected to do bounce back from hereon.
The stocks to keep an eye on in the Indian equity markets will be the Banking & NBFC, I.T. Sector, Power Sector, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Axis Bank, Kotak Bank, Icici Bank, HDFC Bank, Federal Bank.
#5 NBFC Stocks: PEL, Bajaj Finance, IBull Housing, Bajaj Finserve, IDFC LTD.
# 5 Pharma Stocks: Divi’s Lab, Glenmark Pharma, Sun Pharma, Lauras Labs, Granules.
#5 Information Technology Stocks: Mphasis, HCL TECH, Co- Forge, Infosys, LT Infotech.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
Arti Surfactants, Sonata Software, Exide, Fineorganics, SRF, Tata Motors, Chola Finance, Graphite, Deepak Nitrate, RBL Bank.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- —
05th October Stock Picks –– BHEL, IDEA, INDUSIND, SHREE CEMENT
Watch YouTube Video Analysis here –https://youtu.be/LJbkg-hA8G4
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards of18000 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
