With the buying of Oil & Gas, metal & IT, the Indian Stock Market ended in the green on Thursday considering a volatile trading session. It is anticipated that the market will be volatile today too. You can watch our Chart Pe Charcha session if you are looking out for breakouts in stocks.
On Thursday morning, the Indices opened in green and continued to show volatile movements for the whole trading day. The Indian Stock Market ended in green at the closing hours leaving only Bank Nifty in red.
The Consumer goods, capital goods, and auto with the mix trends ended with the losses. Whereas, The telecom, metal, and oil & gas performed and ended on a green note. Most research analysts have concluded that the Indian Stock Market is currently bullish, but it is advised that the market participants will have to be cautious. It is also anticipated that the Nifty 50 will trigger upwards above 15,250 with the decisive breakout or else the consolidation is expected.
The Indian Equity Markets finally ended towards the higher end on Thursday with Nifty closing at 15173.30 (+66.80) Sensex closing at 51,531.52 (+222.13), and Nifty Midcap100 at 22968.10 (+41.65), while Bank Nifty closed on a red note 35752.10 (-31). If you are looking to buy quality stocks, it is recommended to watch our Charts Pe Charcha session to get a profitable trading day.
It is expected that the Indian Stock Market will open on a positive note today. It was seen that the S&P and Nasdaq stood at gains part with investors betting on more fiscal stimulus. As investors were looking over a mixed data, the early trading in Global markets on Friday seem to be holding steady or slipping over the investments. However, any dips during the day will be an opportunity to buy quality stocks. You can watch out for stocks picked by Mr. Anshul Jain in our Chart Pe Charcha to know the stocks in the buying list.
Tamil Nadu Newsprint, Prestige Estates Projects, InterGlobe Aviation, ACC, ITD Cementation, Capacite Infraprojects, APL Apollo Tubes, VA Tech Wabag, SpiceJet are a several among the stocks to be in focus today. And Bayer Corp, Power Grid, Ashok Leyland, Sun Pharma, ITC, InterGlobe Aviation, RITES, are a few stocks that are in news for this last trading day of the week.
The Foreign institutional investors bought on Thursday nearly Rs 944.36 Crores whereas Domestic institutional investors sold Rs 707.68 Crores.
The U.S. Markets closed positively on Thursday with S&P closing at 3,916.38 (+6.5), and NASDAQ closing at 14,025.77 (+53.24). Whereas, Dow Jones closing at red with 31,430.70 (-7.1).
The U.S. Market was seen closing in green and hence it is anticipated that the Indian Stock Markets will be volatile. There will be opportunity to buy on dips during the day.
Dr. Reddy’s, Sun Pharma, Cadila is showing strength and can be expected to gain further from here on the back of excellent results.
Cement stocks like UltraTech Cement, ACC, and Grasim is expected to continue with positive gains in the coming days for this week.
SBI, Canara Bank, Bank of Baroda, PNB, IndusInd Bank, Axis Bank, ICICI Bank, HDFC Bank, Federal Bank will continue to be in limelight and expected to do well this week too.
The Momentum is shifting towards PSU banks in the banking sector with big upgrades & buy recommendations coming in for SBI from most brokerages.
The Insurance sector Stocks like ICICI Prudential & SBI Life Insurance will be looking to gain some momentum along with the banking sector.
NBFC’S – Bajaj Twins, Shriram Transport Finance too will look go up after the strength shown on last week’s trading.
Tech Mahindra, Infosys, TCS, HCL Tech, will be in focus on Monday as they have underperformed in the last week and can be expected to go up anytime during this week.
Also, Maruti, Bharat Forge, Tata Motors, Ashok Leyland, PEL, Adani Enterprise, Adani Port, is expected to be keenly watched by the traders. The prices of some of these stocks have corrected during the last few days and most analysts expect them to rebounce to higher levels.
The general sentiments in the market seem to have turned Bullish and the traders seem to buy every dips during the day.
The PSU Banks, I.T Stocks, FMCG Stocks, Pharma Sector, Banking & NBFC Sector, Auto Sector, and Cement sector Stocks will be the ones to be followed on Friday. Stay Tuned with Lakshmishree Investment & Securities Pvt Ltd or join Our Lakshmishree Telegram Group to conclude for the market activities.
# 5 Pharma Stocks: Divi’s Lab, Dr Reddy’s, Lupin, Cadila, Cipla.
#5 Information Technology Stocks: Tech Mahindra, Infosys, TCS, L&T Technology, HCL Technology.
# 5 Banking Stocks: Axis Bank, Indusind Bank, HDFC Bank, ICICI Bank, Bank of Baroda.
#5 NBFC Stocks: Bajaj Finance, Bajaj Fin serves, HDFC Ltd, Shriram Transport, and Chola Finance.
#10 Other Main Stocks to watch out for on this Thursday Morning in the Indian Equity Markets
Bharti Airtel, Indusind Bank, M&M & Tata Steel, Maruti, Reliance, Tata Motors, Ashok Leyland, Adani Port, Grasim.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
11th February Picks— Coforge, Hindalco, ICICI Prudential, Sun Pharm.
(Watch YouTube Video Analysis here – https://youtu.be/ftUoCd1a9IM)
Positive momentum is to be expected from the Stock Market In India. To know more about Stock Market you can Sign Up with Lakshmishree Investment & Securities Pvt Ltd.
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