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 Lower towards closing Bell.
Bajaj Finserv, Maruti, Bharti Airtel, Asian Paints, Bajaj Finance, and HDFC were the main losers in trade on Friday.
On the other hand, M&M, Dr. Reddy's, UltraTech Cement, and PowerGrid were among the gainers.
After starting the day in the positive zone, the nifty did trade sideways and finally ended lower on the closing bell at 17532(-86) levels whereas the Sensex closed at 58,765 (-360).
The Indian stock market Benchmark indices fell for the fourth consecutive day on weak global cues.
Heavy selling pressure on financials (excluding PSU banks) and IT dragged the index.
Buying was seen in pharma, metals, and PSU banks on Friday. The better-than-expected sales volume for select automobile companies enabled the Nifty Auto index to recover from the day's low, while investors preferred to book some amount of profit in the IT space ahead of September quarter earnings beginning from next week.
The Foreign institutional investors Bought on Friday 131 Rs Crores on whereas Domestic institutional investors Sold Rs 613 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.
The Positive Global cues from Friday closing will help the Indian markets to open gap up. 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 I.T Stocks like TCS, Mphasis Tech Mahindra, Wipro, Co-Forge, Mastek, and HCL Tech can move up quickly.
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.
Pharma stocks like Sun Pharma, Granules, Wockhardt, 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: Canara Bank, Bank of Baroda, ICICI Bank, Hdfc Bank, Indusind Bank .
#5 NBFC Stocks: Bajaj Finserve, HDFC LTD, Bajaj Finance, IDFC LTD, PEL.
# 5 Pharma Stocks: Dr. Reddy's, Divi’s Lab, Granules, Glenmark Pharma, Cipla.
#5 Information Technology Stocks: TCS, L&T infotech, HCL TECH, Wipro, Infosys.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
Gujarat Alkalies, SRF, Fine Organics, Arti Surfactants, TATA Steel, Ashok Leyland, Tata Chemical, LLTS, Tata Motors, ISGEC Heavy Engineering.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
4th October Stock Picks — Idea, Indusind Bank, SRT Finance.
Watch YouTube Video Analysis here--https://youtu.be/oxYR2m7d8OI
The General view of most analysts is that the Indian equity markets are position for a take-off towards higher levels for this October SERIES.
Most Analysts expect the markets to be above 18200-18500 levels for October 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 !!
