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 consolidate during most part of the day. In the closing half an hour, the Indian equity markets did slide on the back of FII'S selling to close at 15763 (-15) whereas the Sensex closed at 52586 (-66).
Bajaj Finance, SBI, Bajaj Finserv, Tata Steel, Asian Paints, and Axis Bank were the main losers on Fridays interesting trading session.
On the other hand, Sun Pharma, Tech Mahindra, Power Grid, Bajaj Auto NTPC, and HCL tech were among the gainers.
Sun Pharma surged over 10 percent after it reported a net profit of Rs 1,444.17 crore for the quarter ended June.
The selling pressure was witnessed towards the fag-end when European markets opened in the negative zone, they added.
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 3848 Crores on whereas Domestic institutional investors Bought Rs 2956 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, I.T.Sector & Pharma sectors will be keenly watched by the traders.
There seems to be a possibility of the Metals, I.T, and Financial Sector bouncing back to higher levels.
Private banks like Axis Bank, RBL, ICICI, Bandhan, IndusInd, Kotak, Federal Bank, will look to move further up.
NBFC’S – PEL, Bajaj Finance, Equitas Holding, Mahindra, and Mahindra Financial Services, 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 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 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: AXIS Bank, ICICI Bank, Rbl Bank, Indusind Bank, Bandhan Bank.
#5 NBFC Stocks: PEL, Equitas Holding, Shriram Transport, Bajaj Finserve, IDFC LTD.
# 5 Pharma Stocks: Sun Pharma, Divi’s Lab, Cadila, Glenmark Pharma, Wockhardt.
#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.
PI Industries, 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-
2nd August Stock Picks — Infoedge(Naukri), PEL, WIPRO.
Watch YouTube Video Analysis here-- https://youtu.be/BpbK7YBk3Xw)
The General view of most analysts is that the Indian equity markets are position for a take-off towards higher levels for this AUGUTS SERIES.
Most Analysts expect the markets to be above 16000+ 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 !!
