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 slightly higher towards closing Bell.
Asian Paints, M&M, HCL Tech, HDFC Bank, Bharti Airtel, Maruti, and Infosys were the main gainers in trade on friday.
On the other hand, Tata Steel, SBI, Axis Bank, ITC, NTPC, and Bajaj Finance were the losers in trade.
After starting the day in the positive zone, the nifty did trade sideways and finally ended at the closing bell at 17853(+30) levels whereas the Sensex closed at60048 (+163).
It took a little over 31 years for the Sensex to traverse from 1,000 points to the historic 60,000 level.
The benchmark index was at 1,000 points back on July 25, 1990, and took nearly 25 years before it touched the 30,000 level on March 4, 2015.
The Sensex has climbed from the 30,000 level to 60,000 in a little over six years, reflecting the overall bullishness in the market.
Most analysts feel that the Market rally has usually been backed by domestic institutional investors (DIIs) buying in the equities, but now rising interest from foreign institutional investors (FIIs) is pulling the market upward.
In the coming month, the news flow on the corporate earnings would also help the market to rally further.
The Foreign institutional investors Bought on Friday 442 Rs Crores on whereas Domestic institutional investors Sold Rs 515 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 18000 Nifty levels in the near term if the FII continues to buy.
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 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.
The I.T Stocks like TCS, Mphasis Tech Mahindra, Wipro, Co-Forge, Mastek, and HCL Tech can move up quickly.
Pharma stocks like Granules, 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: Bank of Baroda , Axis Bank, Bank of Baroda, ICICI Bank, Hdfc 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: Mphasis, TCS, L&T infotech, HCL TECH, Wipro.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
Mastek, SRF, Fine Organics, Arti Surfactants, TATA Steel, Apcotex, Tata Chemical, LLTS, Tata Motors, ISGEC Heavy Engineering.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
27th September Stock Picks —. Bharti Airtel, ICICI Bank.
Watch YouTube Video Analysis here--https://youtu.be/HdOuqXXeeLI
The General view of most analysts is that the Indian equity markets are position for a take-off towards higher levels for this September SERIES.
Most Analysts expect the markets to be above 18000 levels for September 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 !!
