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 U S Markets closing, the Nifty did slide little but recovered fast to trade in the positive zone. Then towards closing, the nifty did lose some steam to end strongly at 15856 (+32) whereas the Sensex closed at 52975 (+138).
ICICI Bank, ITC, SBI, HCL Tech, Axis Bank, Bajaj Finserv, and Tech Mahindra were the main gainers in trade on Fridays in Indian equity markets.
On the other hand, L&T, HUL, Reliance Industries, NTPC, Asian Paints, and HDFC Bank were the prominent losers.
The Sensex and Nifty gained strength for the second straight session on Friday, mainly propped up by banking, FMCG and pharma stocks.
The markets also witnessed a bumper listing of one of the most awaited IPOs in recent history, Zomato.
The strong show of IT stocks continued whereas slippages in reported asset quality and expectations of rising NPA risks dragged down some of the banking stocks like HDFC Bank.
Most Analysts believe that the Indian markets have made a smart pull-back, supported by the positive global set-up and a decent start to the Q1FY22 earnings season
The Foreign institutional investors Sold on Friday Rs 163 Crores on whereas Domestic institutional investors Bought Rs2187 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 16000 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 Metals, Banking Sector & Pharma sectors will be keenly watched by the traders.
The PSU sector may be in the limelight in the coming week.
There seems to be a possibility of the Metals, Banking, and Financial Sector bouncing back to higher levels.
Private banks like HDFC Bank, Axis Bank, RBL, ICICI, Bandhan, IndusInd, Kotak, Federal Bank, will look to move further up.
NBFC’S – Bajaj Finance, Equitas Holding, Mahindra, and Mahindra Financial Services, PEL, Bajaj Finserve, Shriram Transport Finance will be under the radar of the traders.
The I.T Majors like Tech Mahindra ,Wipro, Co-Forge, Mastek, and HCL Tech can move up quickly.
The Mid- Cap & Small Cap I.T. Stocks like Mphasis, 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 Cadila, Glenmark Pharma, Lupin, Divi’s Lab, Dr. Reddy’s, Cipla, and Sun Pharma are expected to give good returns in the short term.
The general Sentiments in the market appear to have turned mildly 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: AXISH Bank, ICICI Bank, Axis Bank, HDFC Bank, Bandhan Bank.
#5 NBFC Stocks: Equitas Holding, Shriram Transport, Bajaj Finserve, HDFC LTD, PEL.
# 5 Pharma Stocks: Dr.Reddy’s, Divi’s Lab, Cadila, Glenmark Pharma, Sun Pharma.
#5 Information Technology Stocks: Infosys, L&T infotech, Tech Mahindra, TCS, Wipro.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
RELIANCE, LTTS, Equitas Holding, Deepak Fertiliser, Gujarat Alkalies, Tata Chemical, Sterlite Technologies, LLTS, Tata Motors, ISGEC Heavy Engineering.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
26Th July Stock Picks — AU SMALL FINANCE BANK, LTI, Tata Steel.
Watch YouTube Video Analysis here-- https://youtu.be/Hts0zNV1Biw )
The General view of most analysts is that the Indian equity markets are position for a take-off towards higher levels for this July SERIES.
Most Analysts expect the markets to be above 16000+ levels for July 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 !!
