The Indian Equity Markets opened positive in the early morning Thursday's session. After starting the day in the Positive zone and consolidating, the Nifty did close strongly towards closing Bell.
ITC, HDFC Bank, PowerGrid, ICICI Bank, IndusInd Bank, and NTPC were the main gainers in trade on Thursday.
On the other hand, TCS, HCL Tech, Bajaj Finance, and Asian Paints were among the losers in trade in the Indian equity markets on Thursday.
After starting the day in the positive zone, the bulls did manage to hold to the gains and Nifty finally end at the closing bell at 18338(+176) levels whereas the Sensex closed at 61,305(+568)
Most markets experts feel that the Indian market sustained its upbeat mood supported by a positive global market, favorable inflation data, and upmove in IT stocks following strong earning scorecards by sector majors.
The wholesale price-based inflation eased to 10.66 percent in September, helped by moderating food prices even as crude petroleum witnessed a spike.
Retail inflation in September too slowed to a five-month low of 4.4 percent on moderating food prices.
It was seen that the Banking stocks contributed to the rally and remained in focus as the sector is set to kickstart its earnings season with HDFC delivering a good result on Saturday.
The Foreign institutional investors bought on Thursday Rs1681 Crores on whereas Domestic institutional investors Sold Rs 1750 Crores.
The FII’s resuming to buy will be a key trigger for the up move in the markets. Most analysts are expecting the markets upwards towards 18500-800 Nifty levels in the near term if the FII continues to buy.
The Positive Global cues from Friday closing will help the Indian markets to open gap up. Most experts expect that if FII’s continues to buy, the indices will go upwards in the coming few days.
The I.T.Sector, Banking, Metals & Pharma sectors will be keenly watched by the traders.
There seems to be a possibility of the I.T, and Financial Sector bouncing back to higher levels.
NBFC’S – PEL, Bajaj Finance, Mahindra, and Mahindra Financial Services, Bajaj Finserve, Shriram Transport Finance will be under the radar of the traders.
Private & PSU banks like Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, RBL, Bandhan, IndusInd, Kotak, Federal Bank, will look to move further up.
The I.T Stocks like HCL TECH, INFOSYS, TCS, Mphasis Tech Mahindra, Wipro, Co-Forge, Mastek can move up quickly.
The Mid- Cap & Small Cap I.T. Stocks like LTTS, L&T Infotech, Zensar Tech, KPIT TECH, Intellect Design, Sonata Software also can be watched keenly for an upwards move in the coming days.
Pharma stocks like Sun Pharma, Granules, Wockhardt, Glenmark Pharma, Lupin, Divi’s Lab, Cipla, are expected to give good returns in the short term.
The general Sentiments in the market appear to have turned Bullish for Monday. The traders will be looking for global cues for direction in the days to come.
The stocks to watch in the Indian equity markets will be the I.T Sector, Banking Sector, Metals Sector, PSU Sector, NBFC Sector, Pharma Stocks, FMCG Stocks, and Cement Sector Stocks.
# 5 Banking Stocks: Bank of Baroda, RBL Bank, ICICI Bank, Hdfc Bank, IDBI Bank.
#5 NBFC Stocks: PEL, Bajaj Finserve, HDFC LTD, Bajaj Finance, IDFC LTD,.
# 5 Pharma Stocks: Dr. Reddy's, Divi’s Lab, Granules, Glenmark Pharma, Cipla.
#5 Information Technology Stocks: HCL TECH, L&T infotech, Masteck, Wipro, Infosys.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
Canara Bank, Bank of Baroda, SRF, Fine Organics, Arti Surfactants, TATA Steel, Ashok Leyland, Tata Chemical, Tata Motors, Idfc Bank.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
18th October Stock Picks — Bank of Baroda , IDEA, PEL.
Watch YouTube Video Analysis here--https://youtu.be/PQg5vDzB5bk
The General view of most analysts is that the Indian equity markets are position for a take-off towards higher levels for this October SERIES.
Most Analysts expect the markets to be above 18500-18800 levels for October Expiry.
Best wishes for a Profitable Monday in the Indian Equity Markets!
INDIAN EQUITY MARKETS THIS Monday MORNING!
Best Wishes For A Cheerful Monday In The Indian Equity Markets !!
