Wall streets are red, subdued Asia mixed also Dollar index dips were below 90.
As the SGX Nifty indicates a higher start to trade and it is seen 0.43% higher with (13992.50) points.
The Foreign institutional investors did buy on Tuesday with Buy figures at Rs 2,349 crores
The Domestic institutional investors did Sell on Tuesday with Sell figures at Rs -2010.5 crores.
The U.S. Markets closed on Tuesday, DOW JONES closing 30335.67 up (0.22%), S&P closing up at 37267.04 up (0.22%), and NASDAQ closing positive up 12850.22 (0.38%). The U.S Markets can be positive with the sentiments favoring a positive outlook for the end year closing in the coming week.
Midcaps may be influenced by fall in Russell 2,000.
Many analysts believe that Indian markets will be carrying the positive global sentiments and the same will be reflected in the trading in the Indian equity markets.
All the I.T. Stocks like Infosys, Wipro, HCL Technology, Tech Mahindra, TCS, L&T Technology and the midcap and small caps Like Mindtree, NIIT LTD, Tata Elixsi, Co-Forge will be in the limelight on Monday.
Large Caps Stocks: Stock to watch out will be Reliance, L&T, Divi’s Lab and Dr Defensives like Pharma sector looks good and Stocks like Cipla, Dr Reddy’s, Lupin, Sun Pharma.
Its the penultimate of 2020, we have had a fantastic year and global rally. Yesterday there was a bit year of passage on wall street at least, then US futures was flat but the SGX Nifty & indian markets are showing positive signs now.
This December we saw Nifty up 7.5% and Nifty IT 11.5%. After the kind of sharp sustained up move.
You are bound to see an intermittent correction, partial profit booking and that is likely to continue but we have closed up in the green for the last 5 training sessions, Nifty & Nifty Bank which is showing you momentum gained 3.5% away from life highs.
Jindal Stainless Hisar
-Swap Ratio for merger into Jindal Stainless 5%, favourable to Company.
UPL
-Redereces Gross Debt by $ 410 million, makes advance Payment for 2021 & Bonds.
IIFL Securities
-Rs.90 crore share buyback opens today.
EID Parry
-May sell up to 2% stake in Coromandel Int; Indicative Price is Rs.800-825 per share.
F&O is expiring tomorrow.
The stocks to keep an eye will be the Banking and Financial Stocks, I.T Stocks, Pharma Stocks, Energy Stocks, and FMCG Stocks.
Keep these stocks under your radar for Trading and investments on Wednesday:
Infosys, Mindtree, HCL Technologies, Tata Elixsi, Tech Mahindra.
Kotak Bank, HDFC Bank, ICICI Bank, Federal Bank, Axis Bank.
Bajaj Finance, Piramal Enterprise Ltd, Shriram Transport, HDFC, L&T Financials.
# Pharma Stocks: Cipla, Lupin, Dr. Reddy’s, Divi’s Lab and Cadila.
# Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets:
#MARUTI, #HINADLCO AND #CHOLA FIN.
“Best wishes for a Fascinating Wednesday in the Indian equities markets!
Cheerful Trading !!
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