The Indian Equity Markets opened positive in the early morning Friday's session. After starting the day in the Positive zone and consolidating, the Nifty did close strongly towards closing Bell.
Reliance Industries, Infosys, Tech Mahindra, HCL Tech, TCS, and L&T were the main gainers in trade on Friday.
On the other hand, HUL, NTPC, Maruti, Dr. Reddy's, Titan, and Kotak Bank were among the losers.
After starting the day in the positive zone, the bulls did manage to hold to the gains and Nifty finally end at the closing bell at 17895(+104) levels whereas the Sensex closed at 60,059(+381)
It was seen that the Rate-sensitive banking and realty indices ended in the red, while auto closed with gains.
The Reserve Bank of India expectedly kept interest rates unchanged at a record low but signalled the start of tapering pandemic-era stimulus measures on economic recovery taking root.
The six-member Monetary Policy Committee (MPC) kept the key lending rate or the repo rate unchanged at 4 per cent while the reverse repo rate or the borrowing rate was maintained at 3.35 per cent.
The RBI continuing with its accommodative policy, indices remained firmly bullish through the day led by the IT index as the street awaits TCS earnings and guidance.
On Friday it was Reliance that led from the front with the broader markets seeing action across pockets.
The Foreign institutional investors Sold on Friday Rs64s Crores on whereas Domestic institutional investors Sold Rs168 Crores.
The FII’s resuming to buy will be a key trigger for the up move in the markets. Most analysts are expecting the markets upwards towards 18000 Nifty levels in the near term if the FII continues to buy.
The Positive Global cues from Friday closing will help the Indian markets to open gap up. Most experts expect that if FII’s continues to buy, the indices will go upwards in the coming few days.
The I.T.Sector, Banking, Metals & Pharma sectors will be keenly watched by the traders.
There seems to be a possibility of the I.T, and Financial Sector bouncing back to higher levels.
NBFC’S – PEL, Bajaj Finance, Mahindra, and Mahindra Financial Services, Bajaj Finserve, Shriram Transport Finance will be under the radar of the traders.
Private & PSU banks like Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, RBL, Bandhan, IndusInd, Kotak, Federal Bank, will look to move further up.
The I.T Stocks like TCS, Mphasis Tech Mahindra, Wipro, Co-Forge, Mastek, and HCL Tech can move up quickly.
The Mid- Cap & Small Cap I.T. Stocks like LTTS, L&T Infotech, Zensar Tech, KPIT TECH, Intellect Design, Sonata Software also can be watched keenly for an upwards move in the coming days.
Pharma stocks like Sun Pharma, Granules, Wockhardt, Glenmark Pharma, Lupin, Divi’s Lab, Cipla, are expected to give good returns in the short term.
The general Sentiments in the market appear to have turned Bullish for Monday. The traders will be looking for global cues for direction in the days to come.
The stocks to watch in the Indian equity markets will be the I.T Sector, Metals Sector, PSU Sector, NBFC Sector, Pharma Stocks, FMCG Stocks, and Cement Sector Stocks.
# 5 Banking Stocks: Bank of Baroda, UCO Bank, ICICI Bank, Hdfc Bank, IDBI Bank.
#5 NBFC Stocks: PEL, Bajaj Finserve, HDFC LTD, Bajaj Finance, IDFC LTD,.
# 5 Pharma Stocks: Dr. Reddy's, Divi’s Lab, Granules, Glenmark Pharma, Cipla.
#5 Information Technology Stocks: TCS, L&T infotech, HCL TECH, Wipro, Infosys.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
RBL Bank, Gujarat Alkalies, SRF, Fine Organics, Arti Surfactants, TATA Steel, Ashok Leyland, Tata Chemical, Tata Motors, Idfc Bank.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
11th October Stock Picks — Axis Bank, Idea , IDFC First Bank, ZEEL
Watch YouTube Video Analysis here--https://youtu.be/67wExAtgTyI
The General view of most analysts is that the Indian equity markets are position for a take-off towards higher levels for this October SERIES.
Most Analysts expect the markets to be above 18200-18500 levels for October Expiry.
Best wishes for a Profitable Monday in the Indian Equity Markets!
INDIAN EQUITY MARKETS THIS Monday MORNING!
Best Wishes For A Cheerful Monday In The Indian Equity Markets !!
