The Gold price for the stock market in India tremendously fell on Thursday leaving back the relief time for the families having marriages on their list. The prices fell up to Rs. 46,788 per 10 gram as the dollar strhttps://lakshmishree.com/blog/thursday-stock-market-outlook-4th-february-2021/engthened. It is also seen that the Silver for the Marchttps://lakshmishree.com/blog/thursday-stock-market-outlook-4th-february-2021/h delivery eased Rs. 1,651 or 2.41% to Rs. 66,914 per kg.
The Positive Momentum from the Historic Budget continued on Thursday and the Indian Equity markets closed strongly.
In the morning, All the Indices opened in the green and continued to be in green in the morning session. The Sensex went 100 points down while Nifty 50 nears 14,800. Sensex started rising high again in the second half of the trading day.
The Indian Equity Markets finally ended towards the higher end with Nifty closing at 14895.70 (+105.70) Sensex closing at 50,614 (+ 358.54) and Bank Nifty at 35344.80 (+586.40).
On Thursday, with the positive day, the Apollo Tyres, Jubilant Food, Bank Of Baroda, Tata Power, Sun Tv Network, BHEL, Balkrishna Ind, ITC, Canara Bank, SBI, PNB, and many other were at the top sectors.
Ajanta Pharma share price jumps 7%, hits 52-week high as Q3 PAT zooms 64%.
Most experts expect the indices to be volatile on Friday and expect the momentum to be taken forward towards the 15000 nifty levels. The Global Markets trading in the positive territory with assisting the Nifty reaching 15000 levels this week.
The Foreign institutional investors bought on Thursday nearly Rs 1937 Crores whereas Domestic institutional investors sold Rs 769 Crores.
FII’s buying resuming in last 2 days will be a big positive for Nifty to reach 15000 levels.
The U.S. Markets closed positively on Thursday, with Dow Jones closing at 31,055, S&P closing at 3871, and NASDAQ closing at 13777.
Many analysts believe that Indian markets will be keep trading higher this week unless there are sudden negative global cues.
Indus Ind Bank, Axis Bank, ICICI Bank, HDFC bank, Federal Bank will continue to be in limelight and expected to do well on Thursday too.
Some of the other stocks which can be active on Wednesday are the Psu banks like Bank of Baroda, and PNB, Canara Bank etc.
The Insurance sector Stocks will be looking to gain some momentum with the budget related overhang getting over.
NBFC’S - Bajaj Twins, Shriram Transport Finance too will look go up after the strength shown on Yesterday’s trading.
Infosys, TCS, HCL Tech, Tech Mahindra will be in focus on Friday as they have underperformed in the last few days and can be expected to go up anytime during this week.
Pharma stocks like Dr Reddy’s, Divi’s Lab, Sun Pharma, Cadila did show some sort of strength and can be expected to gain further from here.
Cement stocks like ACC and Grasim is expected to continue with positive gains in the coming days.
Also Maruti, Bharat Forge, PEL, Adani Enterprise, Adani Port, is expected to be keenly watched by the traders.
The general Sentiments in the market seem to have turned Bullish and the expiry related volatility may give the traders some dips during the day which seems to be bought into due to positive sentiments.
The PNB, M&M, Alkem Labs, Container Corp, Trent & Biocon are on the high note in the list of market participants. Besides, Aditya Birla, M&M, Pfizer, Ashoka Buildcon, Aditya Birla Capital, Equitas Holdings, Fortis Healthcare, BritanniaJubilant Life, Gujarat Gas, and Cadila Healthcare are expected to unfold their Q3 Financial results on Friday.
#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.
# 5 Pharma Stocks: Divi’s Lab, Dr Reddy’s, Lupin, Cadila, Cipla.
#10 Other Main Stocks to watch out for on this Friday Morning in the Indian Equity Markets:
Bharti Airtel ,Indusind Bank, M&M & Tata Steel, Maruti, Reliance, Tata Motors, Ashok Leyland, Adani Port, Grasim.
Analysts are guiding a super expiry Thursday for the Indian equity markets on the basis of favourable Sentiments aftermath of the Historic Budget.
All are expecting the Nifty to finally reach 15000 levels sooner than later.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
5th February Picks---Bharti Airtel, Indusind Bank, M&M & Tata Steel.
(Watch YouTube Video Analysis here - https://youtu.be/3Th9gGun-ow )
The Positive Momentum from the Budget will play a big part in Nifty touching the all-time high of 15000 levels in the near term.
We do conduct Pre-Market Analysis webinars daily in the morning. You can join this live webinar of today through our Facebook Page & Youtube Channel.
Cheerful Trading !!
