The Thursday expiry trading in the Indian equity markets started with Nifty opening in the positive zone. The nifty did trade positively throughout and finally closed at Historic highs.
IndusInd Bank, ITC, SBI, Reliance Industries, Kotak Bank, ICICI Bank, and Axis Bank were the main gainers in trade on Thursday's expiry trading day.
On the other hand, TCS, Tech Mahindra, Tata Steel, Bharti Airtel, HCL Tech, and Dr. Reddy were among the main losers in trade.
After starting the day in the positive zone, The nifty did trade in positive throughout the day and finally ending the day at the closing bell at 17629(+110) levels whereas the Sensex closed at 59,141 (+417).
PowerGrid, Tech Mahindra, HCL Tech, Titan, L&T, NTPC, and ICICI Bank were the main gainers in trade on Thursday's historic expiry day of closing.
On the other hand, Dr. Reddy's, IndusInd Bank, Reliance Industries, and Axis Bank were among the losers in trade on a positively trending trading day.
Most analysts feel that the Domestic equities recovered sharply mainly led by a sharp rebound in banks.
It was also seen that there was strong buying was in midcap and smallcap stocks today.
The Foreign institutional investors bought Rs. 1621 crores while the Domestic institutional investors Sold Rs.795 crores.
The FII’s resuming to buy in a big way will help the bulls to make a move towards 17800 nifty levels soon.
Most experts expect the Indian Stock Market to continue to be upwards with the Friday being expected at 17700-800 Nifty levels.
There seems to be a possibility of the Banking & Financials, I.T., Pharma Sector, going up in the coming days.
Axis Bank, HDFC Bank, Icici Bank, Federal Bank, Indusind Bank will move up because of the positive news in regard in case of any positive triggers.
NBFC’S – HDFC Ltd, Equitas Holding, India Bulls Housing Finance, PEL, Bajaj Twins, Shriram Transport Finance will be under the radar of the traders.
Banks like SBI, Canara Bank, Bank of Baroda can be accumulated in a SIP manner for decent gains in near future.
The I.T Sector can be accumulated for further gains due to the positive sentiments.
Pharma stocks like Sun Pharma, Cadila, Dr. Reddy’s, Lupin, Divi’s Lab, Cipla, are expected to do good in the near term.
The market seemed to be turning Bullish on global cues and the traders will be looking to take nifty upwards to 17800 Levels.
The stocks to keep an eye on in the Indian stock market will be the Banking Sector, I.T Sector, Pharma Sector Stocks.
Keep these stocks under your radar for Trading and investments on Friday
# 5 Banking Stocks: Axis Bank, Icici Bank, Federal Bank, HDFC Bank, Indusind Bank.
#5 NBFC Stocks: HDFC LTD, India Bulls Housing Finance, Bajaj Finserve, Bajaj Finance, PEL.
# 5 Pharma Stocks: Divi Labs, Cadila, Cipla, Dr. Reddy’s, Sun Pharma.
#5 Information Technology Stocks: LTI, Mastek, TCS, Mphasis, INFY.
#10 Other Main Stocks to watch out for on this Friday Morning in the Indian Equity Markets:
Tata Chemical, Graphite, Deepak Nitrate, JSW Steel, Reliance, Tata Motors, Munjal Auto, Sail, Fine Organics, PI Industries.
The view in the Indian stock market is that the volatility in the markets will remain.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
17th September Stock Picks — Axis Bank, Mahindra, and Mahindra Finance.
Watch YouTube Video Analysis here–https://youtu.be/f0jh2F5JHfY
Best wishes for a Cheerful Friday in the Indian stock market!
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