The Fridays trading session in the Indian equity markets was a day of relative volatility with a late afternoon sell off.
The markets opened flat and move upwards but then some selling pressure came in the last hour did drag the Nifty downwards.
The Markets on the last day of trading week finally closed negatively with the BSE index ended at 48,782 (-983) while the Nifty closed at 14,631 (-263).
Amongst the Stocks that gained were ONGC, Coal India, Divis Labs, Grasim, and IOC.
HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Asian Paints were the major losers on Fridays Trade.
The late afternoon sell off came in the fear of the Equity markets being under pressure on Monday due to Election results impact. Also,last couple of Mondays the markets have fallen 400 nifty points. This was mainly due to concerns over the economic impact of the second wave of COVID-19 pandemic in the country.
The Market participants were clearly concerned with the continued surge in second wave of COVID-19 cases in the country.
On the Positive side are the good results of Reliance and Indusind bank and the Record GST Collection.
All sectors except Oil and Gas, Pharma has witnessed selling pressure during the last week.
For the coming week, most analysts expect markets to be volatile. Stock Specific action on the basis of results can be seen during the coming week.
The U.S. Markets closed on Friday in the negative. The Dow Jones closed in at 33,874(-185), S&P at 4181(-30) whereas NASDAQ closed in at 13962 (-119).
For the coming week, most analysts believe that Indian markets will be volatile.
The rising corona cases being negative while the positive quarterly results outlook for most companies will keep the bulls in the game.
If the FII’s resume to buy in a big way, It will help the indian equity markets in a big way to move upwards.
The Foreign institutional investors sold on Friday Rs 3465 Crores whereas Domestic institutional investors bought Rs 1419 Crores.
Most experts expect the indices to continue to be volatile for the coming few days .
There seems to be a possibility of the Pharma & I.T. doing really good whereas banking and financial sector will be under pressure.
The private banks like Indusind Bank ,Icici Bank, Federal Bank, Kotak Bank, HDFC Bank are under pressure due to the second wave of corana virus and related uncertainty.
NBFC’S – Mahindra and Mahindra Financial Services, PEL, Bajaj Twins, Shriram Transport Finance will under the radar of the traders.
The I.T Majors like Wipro, TCS, Infosys, Tech Mahindra, and HCL Tech are looking to move upwards after a mixed week.
Also Tata Motors, Ashok Leyland are expected to be under pressure due to relatively poor auto sales in April.
Cement stocks like Grasim , ACC, Ultratech Cement, Ambuja Cement, Grasim, Shree Cement, Dalmia Bharat, Ramco Cement are likely to show strength.
All the Pharma stocks like Cadila, Cipla, Glenmark Pharma, Dr Reddy’s, Lupin, Divi’s Lab, and Sun Pharma are expected to do good in the near term.
The general Sentiments in the market seemed to have turned positive for Pharma Sector .
The stocks to keep an eye on in the Indian equity markets will be the Pharma Sector , I.T Sector, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Indusind , ICICI BANK , HDFC Bank, Rbl Bank, Kotak Bank.
#5 NBFC Stocks: Bajaj Finserve, IBull Housing, Shriram Transport, Bajaj Finance, PEL.
# 5 Pharma Stocks: Sun Pharma , Suven Pharma, Cadila , Cipla, DrReddy’s.
#5 Information Technology Stocks: Wipro, TCS, HCL TECH, Co- Forge , LTTS.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets:
Reliance, Container Corporations, Tata Metallic, Ultra Tech Cement, LT infotech, Escorts,M&M Financial, Graphite, Adani Port, Adani Power.
After a weak day of trading on Friday, the view in the Indian equity Markets is that the indian equity markets will be volatile on monday.
The cues from the Global Markets will be important trigger to take the markets upwards. On the other hand the election results and corona related negatives will keep the bears in play to pull down the indices.
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