The Indian Equity Markets opened positive in the early morning Friday's session. After starting the day in the positive Zone, the Nifty did trend sideways to finally regain strength towards the closing bell to close at all-time highs.
Reliance Industries, Titan, Tata Steel, Bajaj Auto, Maruti, and Dr. Reddy were the main gainers in trade on Friday's bullish trading day.
On the other hand, HUL, Bharti Airtel, HDFC twins, and IndusInd Bank were among the losers in trade.
After starting the day in a positive zone, The nifty did trade in consolidation mode for some time before gaining strength and finally ending strongly to end at the closing bell at Historic levels of 17323(+89) levels whereas the Sensex closed at 58,129 (+277). It's the First ever closing above 58000 for Sensex.
The Market Analysts believe that the Indian equities extended gains mainly led by a rebound in metal and automobile stocks. Also, a sharp rise in RIL supported the Indian equity markets sentiment on Friday's historic trading and weekly closing.
Apart from financials and FMCG, most of the other key sectoral indices ended in the green.
It was observed that Buying remained visible in midcap and smallcap stocks.
The Foreign institutional investors Bought on Friday 768 Rs Crores on whereas Domestic institutional investors bought Rs 668 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 17500-17800 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.
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.
NBFC’S – PEL, Bajaj Finance, Mahindra, and Mahindra Financial Services, Bajaj Finserve, Shriram Transport Finance will be under the radar of the traders.
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 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: HDFC Bank, Canara Bank, Axis Bank, Bank of Baroda, ICICI Bank.
#5 NBFC Stocks: PEL, Shriram Transport, Bajaj Finserve, HDFC LTD, Bajaj Finance.
# 5 Pharma Stocks: Granules, Lupin, Divi’s Lab, Glenmark Pharma, Cipla.
#5 Information Technology Stocks: Mphasis, TCS, L&T infotech, Tech Mahindra, Wipro.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
Fine Organics, Arti Surfactants, IDFC LTD, TATA Steel, Gujarat Alkalies, Tata Chemical, LLTS, Tata Motors, ISGEC Heavy Engineering, Graphite.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
6th September Stock Picks — Bajaj Finance, ICICI Bank.
Watch YouTube Video Analysis here--https://youtu.be/71zEQil6ARE
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 17500+-17800 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 !!
