The Indian Equity Markets opened in the green on positive global and Asian Markets cues on Monday early morning.
After starting the day in a positive zone, The Nifty was sideways for the most part of the day and did close strongly towards the closing bell at 15885(+122) levels whereas the Sensex closed at 52,950(+363)levels.
Most analysts feel the Indian markets have started to gain strength and can make a serious attempt to scale above 16000 nifty levels in this month.
Titan, M&M, Reliance Industries, Axis Bank, TCS, Maruti, and Infosys were the main gainers on a sideways trading Monday in the Indian equity markets.
On the other hand, Tata Steel, Bajaj Finserv, Bajaj Finance, Sun Pharma, Dr. Reddy's, and HDFC Bank were among the main losers.
Analysts believe that the Indian equity markets have recovered sharply as positive cues from global equities and a strong rebound in the auto sector has helped the indices to gain in strength.
It was also observed that a modest recovery in financials, IT, and pharma also supported the market to recover from the last week's weaknesses.
Most Analysts believe that the Indian markets can make a smart upwards move, if well supported by the positive global set-up on Monday in the U.S Markets.
The Foreign institutional investors Sold Rs 1539 Crores whereas Domestic institutional investors bought Rs 1505 Crores.
Most experts believe that the Indian equity markets can continue to move upwards when the FII's resume buying and move towards the all-time high during this week.
There seems to be a possibility of the Banking Sector, I.T. Sector, Metals, Pharma, Power, and the defensive stocks doing well in the coming days.
Financials & Private banks like RBL Bank, Federal Bank, Axis Bank, Icici Bank, Bandhan Bank, Indusind Bank, Kotak Bank, will look to move upwards from Monday's Trade.
PSU banks especially SBI will be in focus once the Bank Nifty starts to move upwards.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give a good opportunity to buy on dips.
I.T majors like Infosys, TCS, HCL TECH, Mphasis, LTTS, LTI, Wipro, Tech Mahindra, Mastek are bound to gain in the coming days.
Major I.T. Companies can be accumulated for a decent upside since the results season seems to be good and encourage the investors and traders to buy them.
Pharma stocks like Cadila, Lupin, Divi’s Lab, Cipla, and Sun Pharma are expected to do good.
The stocks to keep an eye on in the Indian equity markets will be the Metals, I.T. Sector, Power Sector, Banking Sector, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: RBL Bank, Axis Bank, ICICI Bank, Kotak Bank, Indusind Bank.
#5 NBFC Stocks: Bajaj Finance, PEL, IBull Housing, Bajaj Finserve, SRT Finance.
# 5 Pharma Stocks: Cadila, Divi’s Lab, Cipla, Glenmark Pharma, Sun Pharma.
#5 Information Technology Stocks: Mphasis, HCL TECH, Mastek, Co- Forge, Infosys.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
Sasken Tech, BF Investments, Graphite, Godrej Agrovet, Tata Motors, Chola Finance, ISGEC Heavy Engineering, Deepak Nitrate, Ashok Leyland, Gujarat Alkalies.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- —
3rd August Stock Picks–– Adani Enterprise, Lupin, National Almunium, SBIN, ZEEL.
(Watch YouTube Video Analysis here –https://youtu.be/R4plKLYvgfs)
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards of16000 -16200 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
