Discussing all the factors that are impacting Stock Market In India Today, we have come up with this article. The Indian equity markets opened in the red on Thursday on the basis of the overnight weak U.S.Markets closing and was in a very narrow range for the most part of the day. The expiry overhang was visible and post 2.30 pm the nifty suddenly moved upwards of 75-100 points from the lower levels.
Finally, the Nifty managed to close mildly in the negative at 13,478 (-50) levels on Thursday. The Sensex closed at 49,959, (-143) whereas Bank Nifty closed at 30,510(-199) levels.
Most experts expect the indices on Friday to trade depending on the cues from the U.S. Market closing. According to most analysts, the positive view continues and nifty can continue to move upwards on Friday.
The Foreign institutional investors continued to buy with the Thursday figures at Rs. 2259 crores.
The Domestic institutional investors continued to sell with Thursday figures at Rs. 2275 crores.
FII’s buying still continues to buy while the DII’s are still selling. It is to be noted that Fii’s buying and the Dii’s were almost the same and the market was negative on Thursday.
The U.S. Markets closed on Thursday with Dow Jones closing at 29,999(-69), S&P closing at 3668(-4), and NASDAQ closing at 12405(+66).
Many analysts believe that Indian markets will be opening with Flat to little positive bias. The Indian equity markets may then look to further consolidate from this levels on Friday.
This Sector was the one that played a big role in helping nifty to hold on to 13475 levels on Thursday. Most FMCG stocks like ITC, HUL, Britannia, Marico, and Pidilite showed strength on Thursday. It is to be seen if they continue their upward trend on Friday.
Most I.T. Stocks opened in the red on the basis of weak NASDAQ closing and continued to remain lower till the last hour of trade.
In the post 2 pm session, some of the I.T stocks recovered from the lows. Infosys, TCS, HCL Tech will be keenly watched on Friday to know if the upward trend continues.
The Large Caps like Reliance and HDFC twins also corrected a little bit on Thursday.
The Cement stocks like Ultra Tech cement, Shree Cement saw mild corrections on Thursday due to the negative news of some inquiry regarding cartelisation, etc.
The private banks did open on the negative side and remained weak throughout the day. The stocks like Axis bank, Icici Bank, Indusind bank, SBI were down on Friday.
The Insurance Stocks relatively showed some strength like HDFC Standard Life and is looking good for the coming days.
Pharma stocks like Divi’s Lab, Dr. Reddy, Lupin, had a Flat closing on Thursday.
The other stocks like watch out in the Indian equity markets are Bharat Forge, Bharti Airtel, Maruti, Adani Enterprise, Adani Port, Shriram Transport Finance, Bajaj Finance, Bajaj Finserve to name a few of them.
The general Sentiments in the market is that of the positive upwards movements in the indices to resume today with minor dips during the day.
Few analysts are pointing out that sector rotation is happening in the Indian equity markets like Thursday being the day of FMCG Stocks.
According to them, it would be a good idea to be in the sector of the day after observing the initial hour of trading to make the most of the potential opportunities.
Time and Again, most experts are giving a word of caution from taking heavily leveraged trades at these levels of the Equity Indian markets.
It will be intriguing to see how Friday pans out in the Indian Equity Markets. It will be keenly watched if the markets resume their upward trend after a minor dip on Thursday.
This Friday may decide the direction in which the Indian markets may trade for the coming week.
IndusInd Bank, UPL, L&T Infotech, Gayatri Projects, PNC Infratech, Canara Bank, Pirmal Enterprises & Wipro.
FPI holding at upper limit.
At 73.6% as of Wednesday an additional 0.4% stake or Rs. 310 crores (34 Lakh shares) worth of buying can be done by FPIs.
Bank was put on the red flag list by depositories.
HDFC Bank also features in the red list of depositories.
Confident of maintainin by industry leading growth.
Well maintain net profit margin of 14-15%.
Deal pipeline is up 0.2%.
Networth is Rs. 2,6000 crore
Market cap is Rs. 16 lakh.
It has come up eight times in the last 12 month,.
Non retail portion fully subscribed 1.98 times on day.
Rs. 2,000 crore QIP cloud, issue price fixed at Rs.103.50 per share.
Wipro Infras engineering to acquire precision automation and Robotics in India.
Best wishes for a Profitable Friday in the Indian equities markets!
“Your Success depends on your ability to maintain Self Control and Execute your trades according to a Specific Trading /Investment Plan in a Calm, unemotional manner”.
Cheerful Trading !!
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