The Fridays trading session in the Indian equity markets was a day of positive momentum day with a green screen at closing bell.
The markets opened gap up and move upwards but then some selling pressure came to bring nifty 100 odd points down.
However, in the afternoon trade the bulls regain control n the nifty did scale higher .The Indian equity Markets on the last day of trading week finally closed positively with the BSE index ended at 49,206 (+256) while the Nifty closed at 14,823 (+98).
HDFC, Bajaj Finserv, M&M, NTPC, Bharti Airtel, UltraTech Cement and ONGC were the major gainers.
Bajaj Auto, Bajaj Finance, Infosys and Kotak Bank were among losers in trade on friday .
Experts believe that favourable global cues and continued traction in financials (ex- PSU banks) and metals helped the Indian equity markets to have a strong closing on Friday.
The U.S. Markets closed on Friday in the negative. The Dow Jones closed in at 34778(+224), S&P at 4233(+30) whereas NASDAQ closed in at 13752 (+119).
For the coming week, most analysts believe that Indian markets will be volatile with a positive bias.
If the FII’s resume to buy in a big way, It will help the indian equity markets in a big way to move upwards.
The Foreign institutional investors sold on Friday Rs 1142 Crores whereas Domestic institutional investors bought Rs 1468 Crores.
Most experts expect the indices to continue to be volatile with a upward bias for the coming few days .
There seems to be a possibility of the Pharma & I.T. doing really good whereas banking and financial sector will be looking to regain strength..
The private banks like Indusind Bank ,Icici Bank, Federal Bank, Kotak Bank, HDFC Bank will look to move upwards in the coming days.
NBFC’S – Mahindra and Mahindra Financial Services, PEL, Bajaj Twins, Shriram Transport Finance will under the radar of the traders.
The I.T Majors like Wipro, TCS, Infosys, Tech Mahindra, and HCL Tech are looking to move upwards after a mixed week.
Also Tata Motors, Ashok Leyland are expected to be gaining momentum.
Cement stocks like Grasim , ACC, Ultratech Cement, Ambuja Cement, Grasim, Shree Cement, Dalmia Bharat, Ramco Cement are likely to show strength.
All the Pharma stocks like Cadila, Cipla, Glenmark Pharma, Dr Reddy’s, Lupin, Divi’s Lab, and Sun Pharma are expected to do good in the near term.
The general Sentiments in the market seemed to have turned positive for Pharma Sector .
The stocks to keep an eye on in the Indian equity markets will be the Pharma Sector , I.T Sector, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Indusind , ICICI BANK , HDFC Bank, Rbl Bank, Kotak Bank.
#5 NBFC Stocks: Bajaj Finserve, IBull Housing, Shriram Transport, Bajaj Finance, PEL.
# 5 Pharma Stocks: Sun Pharma , Suven Pharma, Cadila , Cipla, DrReddy’s.
#5 Information Technology Stocks: Wipro, TCS, HCL TECH, Co- Forge , LTTS.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets:
Tata Power, L&T Finance, M&M Finance , Reliance, Container Corporations, Tata Metallic, Ultra Tech Cement,, Graphite, Adani Port, Adani Power.
After a Positive day of trading on Friday, the view in the Indian equity Markets is that the indian equity markets will be volatile with positive bias on monday.
The cues from the Global Markets will be important trigger to take the markets upwards.
#Stocks to Watch for Trading from LakshmiShree in-house Technical
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