The Indian equity markets started the day in the green on Friday in the early morning trade. It was comfortably trading in the positive zone till 1.30 pm.
Around the time when the European markets opened, many stocks suddenly started to fall with prices coming down sharply within a short duration of time. This sudden drop was reversed around the 13400 Nifty levels which acted as a strong support zone.
Finally, the Nifty managed to close mildly in the green at 13,513 (+35) levels on Friday.
The Sensex closed at 46099, (+139) whereas Bank Nifty closed at 30,604(+94) levels in the Indian equity markets on Friday.
The Energy sector stocks were the ones which gained the most on Friday while Pharma saw profit booking.
Most experts expect the indices on Monday to start trade with little positive bias. The cues from the SGX nifty, European Markets, and Dow Jones futures will give a clue to which direction the markets will end the day.
The Foreign institutional investors continued to buy with the Friday figures at Rs 4195 crores.
The Domestic institutional investors continued to sell with Friday figures at Rs2359 crores.
FII’s did buy nearly double the amount than Dii’s on Friday. This can be seen as big positive news for the trade on Monday
The U.S. Markets closed on Friday with Dow Jones closing at 30,046(+47), S&P closing at 3663(-4) and NASDAQ closing at 12377(-27).
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 these levels on Monday.
Since Asian markets are green today, India continues to see strong inflows in Bull's grip. Here are a few Stocks To Watch.
This Sector was the one that played a big role in helping nifty to hold on and end in the green on Friday.
Most Analysts expect energy stocks to do well with ONGC, NTPC, Coal India, GAIL, and BPCL to be in the limelight. The Disinvestment activity picking up in BPCL can be a positive trigger for BPCL in the near term.
FMCG stocks like ITC, HUL, Britannia, Marico, and Pidilite looks to consolidate and continue their upwards trend on Monday.
Most I.T. Stocks opened in the red on Friday and continued to remain lower till the last hour of trade.
Infosys, TCS, HCL Tech will be keenly watched on Monday to know if the upward trend resumes for the coming week.
The Large Caps like Reliance and HDFC Bank also corrected little bit on Friday.
The Cement stocks like Ultra tech cement, Shree Cement saw mild positive uptick on Friday.
The private banks had a mixed day with Axis bank, HDFC Bank in the negative whereas Icici Bank, Indusind bank, Sbi had a positive day 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’s, and Cipla had a midly negative day on Friday.
The other stocks like watch out in the Indian equity markets for Monday are BPCL ,Bharti Airtel, Bharat Forge, Maruti , Bajaj Twins- Bajaj Finance and Bajaj Finserve, Adani Enterprise, Adani Port , Shriram Transport finance , to name a few of them .
The Positive outlook for Indian equity markets may be seen on Monday and in the coming days of the week. The Analyst don’t rule out dips at periodic interval in the near future with volatility levels increasing day by day.
Few analysts are pointing out that sector rotation is happening in the Indian equity markets like Friday being the day of Energy Stocks.
Accordingly, it would be a great idea if you can identify and pick 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 can probably be expected to be a volatile day on Monday in the Indian equity markets. It will be keenly watched if the markets resume their upward trend after recovering from a minor dip in the afternoon on Friday.
This Monday may decide the direction in which the Indian markets may trade for this week.
Best wishes for a Great start to the first day of the week in the Indian equities markets!
The listing of burger king is expected strongly today as the IPO was subscribed 157 times.
“In the Indian equity markets, By Doing what you do the best as much as possible. You will soon develop a method that will produce consistently profitable results”.
Cheerful Trading !!
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