The Indian Equity Markets opened positively in the early morning Friday's session. After starting the day in the positive zone on the back of the strong global cues, the Nifty did trend upwards on the back of a strong showing by the Large-cap stocks. At the closing Bell, the Indian equity markets did end at HISTORIC CLOSING EVER.
TCS, L&T, Bharti Airtel, HCL Tech, Tata Steel, Bajaj Auto, and Reliance Industries were the top gainers in Trade on Fridays Historic level closing.
On the other hand, PowerGrid, IndusInd Bank, Dr. Reddy's, IndusInd Bank, Bajaj Finance, NTPC, and Tech Mahindra were among the losers.
After starting the day in the positive zone, The nifty did trade sideways for some time before gaining strength and closing finally at Historic highs of 16529(+164) levels whereas the Sensex closed at 55,437(+593)levels.
Most analysts feel that the Sustained rebound in IT followed by recovery in financials and consumers aided benchmark indices to overcome the weak cues from Asian markets and scale fresh records.
IT stocks remained in focus throughout the week and investors lapped up quality IT names due to sustained double-digit revenue growth visibility.
Sectorwise, BSE telecom, tech, capital goods, IT, energy and consumer durables indices rose up to 1.80 percent, while realty, healthcare, and utilities ended in the red.
Broader BSE midcap and smallcap indices underperformed the benchmark to end up to 0.06 percent lower.
Most Analysts believe that the Indian markets have made a bullish pattern and will go further upwards, supported by the positive global setup.
The Foreign institutional investors bought on Friday 819 Rs Crores on whereas Domestic institutional investors bought Rs 149 Crore.
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 16800 Nifty levels in the near term.
Most experts expect that if FII’s resume to buy again, 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.
Private banks like ICICI Bank, Axis Bank, RBL, Bandhan, IndusInd, Kotak, Federal Bank, will look to move further up.
NBFC’S – PEL, Bajaj Finance, Mahindra, and Mahindra Financial Services, Bajaj Finserve, Shriram Transport Finance will be under the radar of the traders.
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 Wockhardt, Sun Pharma, 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: ICICI Bank, Rbl Bank, Axis Bank, Indusind Bank, Bandhan Bank.
#5 NBFC Stocks: PEL, Shriram Transport, Bajaj Finserve, IDFC LTD, Bajaj Finance.
# 5 Pharma Stocks: Wockhardt, Sun Pharma, Divi’s Lab, Glenmark Pharma, Cipla.
#5 Information Technology Stocks: Infosys, TCS, L&T infotech, Tech Mahindra, Wipro.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
TATA Steel, Aarti Surfactants, IDFC Ltd, Deepak Fertiliser, Gujarat Alkalies, Tata Chemical, LLTS, Tata Motors, ISGEC Heavy Engineering, Graphite.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
16th August Stock Picks — Bajaj Finserve, ICICI BANK, RBL Bank, ZEEL.
Watch YouTube Video Analysis here-- https://youtu.be/3gxfUJH74Ig
The General view of most analysts is that the Indian equity markets are position for a take-off towards higher levels for this AUGUST SERIES.
Most Analysts expect the markets to be above 16800+ levels for August 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 !!
