The Indian Equity Markets opened gap down in the early morning session. Then the Nifty did slide marginally lower during the day.
Nestle India SBI, HDFC Bank, Axis Bank, ICICI Bank, Reliance Industries, HUL and Dr Reddy's were the main losers in trade on Friday.
On the other hand, Bajaj Finserv, ONGC, L&T, Bajaj Finance and HDFC were among the gainers.
The Indian equity markets had a day of profit-booking in the banking stocks immediately after the Reserve Bank of India’s Monetary Policy.
Finally at Closing Bell, the Nifty ended at 15,670(-20) whereas the Sensex ened at 52,100(-132).
Most analysts belief that a moderate increase in inflation forecast by the RBI in its policy meeting outcome led to profit-booking in banks.
The Reserve Bank of India (RBI) on Friday left the key interest rates unchanged at record lows as it reiterated its commitment to keep its monetary policy accommodative to help the economy recover from the world's worst outbreak of COVID-19 infections.
The RBI also lowered its forecast for the country's economic growth to 9.5 percent for the current financial year ending March 31, 2022, from the previous estimate of 10.5 percent.
The sharp drop in daily COVID-19 and improvement in recovery rates have emboldened investors in the last week.
The coming week will be interesting with the bulls waiting to take the markets higher on the back of strong positive U.S. Markets closing.
The sentiments in the global markets have turned bullish in the last couple of days and the same will be a factor in Monday’s trading session.
The Foreign institutional investors bought on Friday Rs 1499 Crores whereas Domestic institutional investors sold Rs 1175 Crores.
The FII’s starting to buy will be a big positive 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 continues to buy again, the indices will go upwards in the coming few days.
Stocks to watch out for this Monday Morning in the Indian Equity Markets
The Financial, I.T 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 banking and financial sector bouncing bank to higher levels.
PSU Banks like Canara Bank, Karnataka Bank; Bank of Baroda, Showed good momentum during last week. They are likely to go up further in the coming days.
Private banks like HDFC Bank , ICICI Bank, Bandan Bank, Indusind Bank , Kotak Bank , Axis Bank, Federal Bank, will look to consolidate and move further up.
NBFC’S – Bajaj Finance , Mahindra and Mahindra Financial Services, PEL, Bajaj finserve, Shriram Transport Finance will under the radar of the traders.
The I.T Majors like Wipro, TCS, Infosys, Tech Mahindra, Co-forge, Mastek, and HCL Tech can move up quickly.
The Mid- Cap I.T. Stocks like LTTS, Intellect Design, Sonata Software also can be watched keenly for an upwards move in the days to come.
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 seemed to have turned Bullish. The traders will be looking for global cues for direction in the coming days.
The stocks to keep an eye on in the Indian equity markets will be the I.T Sector, Banking & Financial Sector, PSU sector, NBFC Sector, Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Indusind Bank, Icici Bank, Axis Bank, HDFC Bank, Rbl 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: Mastek, 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, Motherson Sumi, SBI, M&M.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
7th JuneMarch Stock Picks — Chola Finance, Indusind Bank, M&M.
( Watch YouTube Video Analysis here –https://youtu.be/9NQ-TXeWhu0 )
The view is that the Indian equity markets are that the bulls can this time take the markets to all-time highs closing in for this JUNE SERIES.
Most Analysts expect the markets to reach 16000+ levels for June Expiry.
Best wishes for a Profitable Monday in the Indian equity markets!
INDIAN EQUITY MARKETS THIS MONDAY MORNING!
We do conduct Pre-Market Analysis webinars daily in the morning. You can join this live webinar of today through our Facebook Page & Youtube Channel.
Cheerful Trading !!
