Indian Stock Market Could Be Volatile Today

It was a very volatile day yesterday, you had the Dow that fell 700 points intraday before closing with 389 points cut.

So you can perhaps expect Volatility to trickle into our Indian Stock Market as well.

The S&P 500 saw 700 points intraday fall before closing 382 points cover with the sharpest daily drop in the last 10 weeks.

Cues for Trade

Lets get into the movement of indices

Dow Jones : 30223.90 (382.59)

S & P 500 (US) : 3700.65 (55.42)

NASDAQ : 12698.50 (189.83)                                                         

SGX Nifty : 14067.50 (109.50)

Nifty 50 : 14132.90 (114.40)

Sensex : 48176.50 (307)

How much did the Fii’s and Dii’s buy /sell on January 4th?

The Foreign institutional investors did buy on Tuesday  with Buy figures at Rs +1,843  crores

The Domestic institutional investors did Sell on Tuesday with Sell figures at Rs -715 crores.

Sector / Stocks Outlook for this Tuesday : Watch out 

All the Stocks like Tata Steel, Eicher Motor, Tata Motor, NMDC, BEML, Cadila Healthcare, NHPC, Jindal steel & Power will be in the limelight on Tuesday.

Large Caps Stocks: Stock to watch out will be Reliance, L&T, Divi’s Lab and Dr Defensives like Pharma sector looks good and Stocks like Cipla, Dr Reddy’s, Lupin, Sun Pharma.

Today’s Main Sectors/Stocks to watch out in Indian equity markets are:

The stocks to keep an eye will be the Banking and Financial Stocks, I.T Stocks, Pharma Stocks, Energy Stocks, and FMCG Stocks.

NBCC

-Awards work order worth Rs. 351 cr to Gaursons Hi-Tech.

Force Motor 

-AutoSales number continues force motor will be in focus. Domestic sales xcame at 787 unit, exports at 297 total production at 1,256 that's a positive result.

Jindal SAW

-Board meet on Jan 11, to consider issue of NCDs on private placement basis.

NFC

-Acheives highest ever production of 99.9 lk market Urea in Q3FY21.

EDELWEISS

-Rs.200 cr public NCD issue of EDELWEISS Financial Services over subscribed. 

Sun Pharma

-Initiate phase 2 trials on drug for moderate to severe plaque psoriasis. Results are expected in 2022.

Wonderla Holidays

-Hyderabad reopens today after Banglore Park.

KNR Construction

-Company bags order worth Rs.60 cr in chennai for 107 km stretch for 7 years.

IIFL Securities

-Subsidiary IIFL Insurance receives permission from IRDA, for e-commerce activities in India through Insurance Self Networking Platform (ISNP).

Keep these stocks under your radar for Trading and investments Today!!!

“Best wishes for a Fascinating Day  in the Indian equities markets!

Cheerful Trading !!

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