The Indian Equity Markets opened up in the early morning Friday's session. Then the Nifty did consolidate during the day and ended the day at lifetime highs closing.
Tata Steel, Axis Bank, SBI, ICICI Bank, Bajaj Finserv, L&T and Maruti were the main gainers on Friday’s trading session.
Reliance Industries, NTPC, HUL, Titan, and Asian Paints were among the top losers in the Indian Stock Market on a day of positive momentum in Indian equity markets.
Most analysts anticipate recovery in banks and metal stocks following its consolidation during the past few days.
As far as the sector-wise action was seen on Friday, the Nifty bank, metal, and PSU bank indices added 1-2.5 percent, while the BSE mid-cap index added 1 percent and the small-cap index rose 0.4 percent.
Finally at Closing Bell on Friday’s lifetime high trading session, the Nifty ended at 15,860(+69) whereas the Sensex ended at 52,925(+226).
Tata Steel was the top gainer in the Sensex pack, rising over 4 percent, followed by Axis Bank, SBI, ICICI Bank, Bajaj Finserv, L&T, and Maruti.
Most Analysts believe that Indian equity markets are going up due to the positive mood in the global markets after US President Joe Biden embraced the Senate infrastructure deal to help stimulate the economy.
The U.S. Markets were positive as the US jobless claims ticked down as the economy showed improvement.
The Indian Equity Markets are at a record high largely led by a gradual pickup in economic activities, as states start unlocking, and due to the expectation of better earnings and ramp-up of vaccination.
On the Negative side, the possibility of the third wave of Covid can impact market sentiments in the future.
Most analysts are cautiously optimistic and expect nifty to go above 16000 in the July Series.
The Foreign institutional investors Sold on Friday Rs 678 Crores on whereas Domestic institutional investors Bought Rs 1832 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 I.T, Metals, Banking Sector & Pharma Sector will be keenly watched by the traders.
The PSU sector was in the limelight in the last week and the same is expected on Monday too.
There seems to be a possibility of the I.T, Metals, Banking, and Financial Sector bouncing back to higher levels.
PSU Banks like Canara Bank, Bank of Baroda, showed good momentum during last week. They are likely to go up further in the coming days.
Private banks like Axis, RBL, ICICI, Bandhan, IndusInd, Kotak, Federal Bank, will look to move further up.
NBFC’S – Bajaj Finance, Mahindra and Mahindra Financial Services, PEL, Bajaj Finserve, Shriram Transport Finance will be under the radar of the traders.
The I.T Majors like TCS, Infosys, Tech Mahindra, Wirpo, Co-Forge, Mastek, and HCL Tech can move up quickly.
The Mid- Cap I.T. Stocks like LTTS, L&T Infotech, 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 Bullish. 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: RBL Bank, IndusInd Bank, ICICI Bank, Axis Bank, HDFC Bank.
#5 NBFC Stocks: IBull Housing, 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.
M&M Financial, Reliance, FSL, LLTS, PI Industries, Tata Motors, L&T, Ashok Leyland, SBI, M&M.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
28th June Stock Picks — Bajaj Finance, Havells, PFC, Tata Power.
Watch YouTube Video Analysis here:- https://www.youtube.com/watch?v=hiWWRhTeGu8
The view is that the Indian equity markets are that the bulls can this time take the markets to all-time highs closing 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 !!
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