The Indian equity markets consolidated and were up nearly 2% for the week gone by. Both the Nifty and Sensex traded in a tight range most of the days during the last week and incrementally went up each day.
The Indian equity markets started the day mildly in the red at the opening bell and were in the negative zone in a tight range for most of the day.
As was the trend, the dip got bought into and the equity indices recovered to close slightly in the green on Friday.
Nifty Managed to recover from the morning dips and close in the positive zone by the time the market closed at 3.30 pm closing bell.
Nifty just managed to close in the green at 13,760 (+19) levels on Friday.
The Sensex closed at 46,760 (+70) whereas Bank Nifty closed in negative at 30,714(-132) levels in the Indian equity markets on Friday.
The Foreign institutional investors continued to buy with the Friday figures at Rs 2720 crores.
The Domestic institutional investors continued to sell with Friday figures at Rs2424 crores.
The U.S. Markets closed on Friday with Dow Jones closing at 30,179(-124), S&P closing at 3709(-13) and NASDAQ closing at 12755(-9). The U.S Markets closed slightly on the negative side on Friday.
Many analysts believe that Indian markets will be opening with a Flat to little positive bias.
Reliance and the I.T. stocks will be giving strength to the markets in the early Monday morning trades. The Indian equity markets may then look to further consolidate from these levels on Monday.
Most Analysts anticipate that in the coming days the I.T and Pharma Sector will be taking the lead from the other sectors.
Technology Sector: The Sector to watch out for on Monday in Indian equity Markets.
The Good Guidance given by Accenture in the U.S. has definitely shifted the Focus towards I.T Stocks in the Indian equity markets.
All the I.T. Stocks like TCS, Infosys, Tech Mahindra, L&T Technology, HCL Technology, and the midcap and small caps will be in the limelight on Monday too.
The Large Caps like Reliance and L& T which both had positive news follows after the markets closed on Friday. Most analysts feel these stocks will be leading the nifty on Monday.
Pharma stocks like Dr. Reddy’s, Cipla, Sun Pharma, and Divi’s Lab had a positive day on Friday and will look forward to continuing the positive up move on Monday too.
The Cement stocks like Ultra tech cement were negative whereas Shree Cement and Ambuja closed with a positive uptick on Friday.
The NBFC stocks which had a weak day on Friday will certainly look to take forward the momentum further upwards on Monday.
The Stocks to watch out on Monday will be the Bajaj Twins – Bajaj Finance and Bajaj finserve, Hdfc, LIC housing finance and smaller stocks like Mahindra and Mahindra financial services
The private banks like ICICI Bank, Axis bank and Sbi which had a minor gain will look to resume its upward trend.
The Insurance Stocks like Hdfc Standard life, Sbi life also will be keenly watched for any positive momentum.
Most Analysts expect Energy stocks to do well with ONGC, NTPC, Coal India, GAIL, and BPCL to be in the limelight for the coming days.
FMCG stocks had a negative day with HUL; Nestle was in the positive on Friday and will look forward to continuing its upward move.
The stocks to keep an eye on in the Indian equity markets will be the I.T Stocks, Pharma Stocks, FMCG Stocks, Banks, and NBFC Stocks, and Energy sector Stocks.
Keep these stocks under your radar for Trading and investments on Monday
# Information Technology Stocks: Infosys, TCS, L&T Technology, Tech Mahindra, HCL Technologies.
# Banking Stocks: HDFC Bank, ICICI Bank. Axis Bank, Kotak Bank, Indusind Bank.
# NBFC Stocks: Bajaj Finance, Bajaj Finserv, HDFC, Shriram Transport, Piramal Enterprise Ltd, Mahindra, and Mahindra Financials,
# Pharma Stocks: Dr. Reddy’s, Divi’s Lab, Cipla, Cadila, Sun Pharma.
Reliance, BPCL, ONGC, Bharti Airtel, Bharat Forge, Maruti, Bajaj Auto, Ashok Leyland, Adani Enterprise, Adani Port, and GAIL.
Analysts are guiding for a mildly positive Monday in the Indian equity markets. It will be interesting to watch if the markets continue their upward trend from Friday trade in the coming days.
Most experts are of the opinion that a Positive outlook for Indian equity markets will continue on Monday in the Indian equity markets.
They anticipate some dips during the day which can be a good buying opportunity in quality stocks for both trading and investments.
It would be a great idea if you can identify and pick the sector of the day after observing the initial hour of trading to make the most of the potential opportunities.
Most analysts are suggesting to keep a close watch on the I.T Sector and Pharma Sector as the markets are indicating to move towards defensives.
As the Indian equity markets are at high levels, most experts are alerting a word of caution and advising against taking heavily leveraged trades on either side.
For This Monday Morning, Quick Recap of the Indian equity market:
Main Stocks to watch out for This Monday in the Indian equity markets!
Infosys, TCS, L&T Technology, Tech Mahindra, HCL Technologies.
Reliance, BPCL, ONGC, Bharti Airtel, Bharat Forge, Maruti.
HDFC Bank, ICICI Bank. Axis Bank, Kotak Bank, Indusind Bank.
Dr Reddy’s, Divi’s Lab, Cipla, Cadila, Sun Pharma.
Tips Worth following for becoming a successful trader and investor in the Indian equity markets.
-RIL & BP begins gas production at KGD6-R Cluster Block, the first of the three projects the two partners are developing of India’s east coast.
-Three cluster expected to meet 15% of India’s gas demand.
-Gets permission from DCGI to launch Benralizumab drug in India.
-Approval to manufacture generic Welchol tablets.
-Welchol tablets market size at $159 Million.
-ICRA upgrades l0ong-term rating to ICRA a stable from ICRA A-stable.
-Board approves fund raising via Equity through ADR/GDR/QIP/QIB upto Rs. 800 crore.
-Expands sugar & Ethanol business..
-Projects cost estimated around Rs.500 crore fund via Equity & Debt.
-Board meet on Dec 23 to consider & approve expansion of distillery capacity.
-Closes QIP issue, issue price at Rs. 38.60/sh.
-Acquire hotel property in Worli, Mumbai for a consideration of Rs.1,040 crore.
“Trading Profitably Requires Self- Evaluation and Practice.”
“Best wishes for a Wonderful trading day in the Indian equities markets!
A New Strain of COVID-19 has led to tier-4 restriction across UK & Saudi Arabia which is highly transmittable and mutable.
Many European countries halt flights to & from UK.
Cheerful Trading !!
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