The BREXIT DEAL happening and positive Cues from U.S Markets will be influencing the Indian equity markets this week towards it journey of 14000 Levels.
On the other hand, the news of new corona variants in different locations is a factor which the Bears will be hoping brings down the nifty and sensex.
This Monday Morning, Indian equity markets would look forward to moving towards higher levels in the near term. It will be a fascinating dual between the Bulls and the Bears this week in the Indian stock Market.
The bulls seemed to have survived the scare of 600 nifty point’s fall of last Monday. The Nifty managed to recover all the losses and have reached the same levels as it was on last Monday morning.
For the last week of this year, the bulls seem to be in control to scale life time highs and close this year on a high note.
The Markets on Thursday had once again a sector rotation day with the Banks and Financial coming back with a bang and I.T., FMCG taking a breather.
Most of the Stocks from BFSI Sector opened in the green whereas I.T. & FMCG sector came in for profit booking inThursdays trade.
A minor dip did happen during the day but the same was bought into and all the 3 indices ended up strongly in the green towards the Thursday’s closing bell.
Finally the Nifty closed at 13,749 (+148) levels on Thursday.
The Sensex closed at 46,973(+529) whereas Bank Nifty closed at 30,402(+518) levels in the Indian equity markets on Thursday.
The Analyst anticipate an interesting session on Monday with the trend favouring the Bulls in the tussle with bears to see how the year ends in the Indian equity markets.
The Foreign institutional investors did buy on Thursday with Buy figures at Rs 1225 crores.
The Domestic institutional investors did Sell on Thursday with Sell figures at Rs1897 crores.
The U.S. Markets closed on Thursday with DOWJONES closing at 30,199(+70), S&P closing at 3703(+13) and NASDAQ closing positive at 12804(+33). The U.S Markets closed in the positive on Thursday with the sentiments favouring a positive outlook for end year closing in the coming week.
Many analysts believe that Indian markets will be carrying the positive global sentiments and the same will be reflected in the trading in the Indian equity markets.
The I.T. stocks will look to make a comeback for Thursday’s minor dip and the banks will look forward to carry the gains of Thursday’s strong closing.
Most Analysts Expect the I.T to continue to be in the limelight till the Infosys results on 13th Jan 2021. The positive sentiment created by the Big Deal wins by Infosys and Wipro has already set the expectation for all I.T. Stocks for a good performance this Quarter.
Technology Sector: The Sector to watch out for on Monday in Indian equity Markets.
All the I.T. Stocks like Infosys, Wipro, HCL Technology, Tech Mahindra, TCS, L&T Technology and the midcap and small caps Like Mindtree, NIIT LTD, Tata Elixsi, Co-Forge will be in the limelight on Monday.
Large Caps Stocks: Stock to watch out will be Reliance, L&T, Divi’s Lab and Dr Reddy’s
On Thursday, Reliance managed to stage a comeback and looks good to end the year with a positive surge in the coming days.
Defensives like Pharma sector looks good and Stocks like Cipla, Dr Reddy’s, Lupin, Sun Pharma, and Divi’s Lab will look forward to continue the up move on Monday.
The NBFC stocks strongly came back on and Piramal Enterprise Ltd, Bajaj Finance can lead the way in the coming trading session.
The Stocks to watch out on Monday will be HDFC, Piramal Enterprise Limited, Bajaj Finance, Bajaj Finserve, Lic Housing finance, and smaller stocks like Mahindra and Mahindra Financial Services, L&T Financials.
The private banks like HDFC Bank , Icici Banks, Axis Bank ,Indusind bank, Kotak Bank looked strong on Thursday’s trading and start moving upwards again on Monday.
The Insurance Stocks like Hdfc Standard life, Sbi life had a positive day on Thursday.
Most Analysts expect Energy stocks do well in the coming days of the week.
Energy Stocks like IGL, MGL, ONGC, Coal India, and BPCL will need to be watched for the coming week.
FMCG stocks came in for some profit booking along with I.T. on Thursday.
The stocks to keep an eye will be the Banking and Financial Stocks, I.T Stocks, Pharma Stocks, Energy Stocks, and FMCG Stocks.
Keep these stocks under your radar for Trading and investments on Monday:
Infosys, Mindtree, HCL Technologies, Tata Elixsi, Tech Mahindra.
Kotak Bank, HDFC Bank, ICICI Bank, Federal Bank, Axis Bank.
Bajaj Finance, Piramal Enterprise Ltd, Shriram Transport, HDFC, L&T Financials.
# Pharma Stocks: Cipla, Lupin, Dr. Reddy’s, Divi’s Lab and Cadila.
# Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets:
Reliance, Bharti Airtel , Ashok Leyland, Tata Motors , Adani Port, HDFC Standard Life, Sbi Life, BPCL, ONGC,, Bharat Forge.
Many analysts believe that the BFSI Stocks, I.T. And Pharma Stocks will show strength in the coming days in the Indian equity markets.
Infosys (1236), Mindtree (1597), Tata Elixsi (1759), L&T Technology (2348),Tech Mahindra(947).
Kotak Bank (1960), HDFC Bank (1397), ICICI Bank (513), Federal Bank (65.20), Axis Bank (610).
Bajaj Finance (5184), Piramal Enterprise Ltd (1406), Shriram Transport (996), HDFC (2455), L&T Financials (90.40).
Tips Worth following for becoming a successful trader and investor in the Indian equity markets.
“Perfect what you do best. Identify what you are doing right, and make sure that you continue to do it over and over again”
“Best wishes for a Fascinating Monday in the Indian equities markets!
Cheerful Trading !!
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