Posted on September 23, 2021 under Daily Stock Market Outlook by Team Lakshmishree

Friday Stock Market Outlook – 24th September 2021

Will Stock Market in India hit the weekend closing at 18000 ??

The Stock Market in India got to see a positive push in the upward trends. The benchmark index closed with the green flag while hitting the higher records so far.

Zee Entertain, ICICI Lombard, Balkrishna Ind, Coromandel Int, Muthoot Finance, Strides Pharma, NMDC, HDFC Life were the main losers in trade on Thursday.

On the other hand, Godrej Prop, DLF, United Spirits, Indian Hotels, Dixon Technology, Piramal Enter, Bajaj Finserv, Hindalco were among the gainers.

After starting the day in the positive zone, the nifty did trade sideways and finally ended at the closing bell at 17823.00 (+276.30) levels, whereas the Sensex closed at 59885.36 (+958.03).

Indian Stock Market News

Stocks soar, dollar sags as investors weigh Fed, Evergrande
BNP Paribas offloads 0.5% stake in Home First Finance, promoter sells another 0.6% shares in Alankit
Paras Defence is tagged as the first IPO who got to hit 304 times subscription.
M-cap of BSE-listed firms touches an all-time high of Rs 261.73 lakh crore.

Company Stocks Movement on 24th September

Blue Star: On 24th September in the Equirus Virtual Annual Conference, the company's officials are set to meet analysts and institutional investors.
Gokaldas Exports: On September 24, the company's officials will meet GMO Investment and Asset Management.
Aptus Value Housing Finance India: The Aptus Value Housing Finance India officials will meet Kotak Research.
Trident: The company's officials will meet with HSBC Mutual Fund.
Hindalco Industries: The company's officials will meet ICICI Prudential Life Insurance on September 24, ICICI Prudential Asset Management on September 28, and Aditya Birla Sunlife Asset Management on September 30.
Mahindra Holidays & Resorts India: The company's officials will meet Ambit Capital on September 24, Dolat Capital on September 27, and RARE Enterprises on September 29.
Somany Home Innovation: The company's officials will meet investors and analysts in Dart India Virtual Conference Series 2021.
Nuvoco Vistas Corporation: The company's officials will meet IDFC MF on September 27, and Torq Capital Management on September 30.
Jubilant Pharmova: The company's officials will meet investors and analysts in the Equirus Virtual Annual Conference 2021 on September 27.
Indo Count Industries: The company's officials will meet analysts on September 27.

Fii’s and Dii’s buy /sell figures on Thursday

The Foreign Institutional Investors acquired Rs. 357.93 Crores on Thursday, whereas Domestic Institutional Investors bought Rs 1173.09 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 18000 Nifty levels by the end of September series 2021.

Analysis for Indian Equity Market Friday's Trading

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 Friday 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.

Banking and Financial Sector

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.

Technology Sector

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 and Cement stocks

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 watch out for in the Indian equity markets

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.

Keep these stocks under your radar for Trading and investments on Friday

# 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 Friday Morning in the Indian Equity Markets:

Aster DM, Emkay Global, ISGEC Heavy Engineering, Hinduja Global Solution, Gabriel India, Bandhan Bank, Godrej agro vet, Bank of Baroda, Gujarat Alkalies, Aarti Surfactants.