The Indian Equity Markets opened in the positive zone and then volatility did start with selling at every bounce to bring the nifty twice below 18000 levels.
ICICI Bank, Axis Bank, Dr. Reddy's, SBI, M&M, and Tech Mahindra were the main gainers in trade.
On the other hand, Bajaj Finserv, Bajaj Auto, HCL Tech, Asian Paints, and Maruti were among the losers.
After starting the day in positive zone, the volatility did increase lots with ups n downs happening frequently throughout the day . The Indian equity markets finally ended flat with Nifty finally ending at the closing bell at 18125(+10) levels.
Equity benchmark Sensex jumped 145 points on Monday to close at 60967points, tracking gains in index majors ICICI Bank, Axis Bank, and SBI amid a largely positive trend in global markets.
Most Analysts believe that Indian equity markets opened lower following mixed Asian cues as global investors track inflation and supply chain bottlenecks converge, sending eurozone inflation to a multi-year high in September and raising concerns of earlier than expected rise in policy rates.
It was seen that during the afternoon session markets bounced from lows and traded in the green on sustained buying by funds and investors.
The Foreign institutional investors Sold Rs2459 Crores whereas Domestic institutional investors bought Rs 2309 Crores.
Most experts believe that the Indian equity markets can continue to move upwards when the FII's resume buying in a big way and move towards the all-time high during this week.
There seems to be a possibility of the Banking Sector, Metals, Pharma, Power, and the defensive stocks doing well in the coming days.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give a good opportunity to buy on dips.
Financials & Private banks like HDFC 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.
I.T Stocks like Mphasis, HCL TECH, Infosys, LTTS, LTI, Wipro, Tech Mahindra, Mastek are looking to bounce back from Monday's weakness and good gains can be made in the coming days.
Major I.T. Companies can be accumulated for a decent upside as the investors and traders are keen to buy them.
Pharma stocks like Divi’s Lab, Cipla, and Sun Pharma are expected to do bounce back from hereon.
The stocks to keep an eye on in the Indian equity markets will be the Banking & NBFC, I.T. Sector, Power Sector, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Axis Bank, Kotak Bank, Icici Bank, HDFC Bank, Federal Bank.
#5 NBFC Stocks: PEL, Bajaj Finance, IBull Housing, Bajaj Finserve, IDFC LTD.
# 5 Pharma Stocks: Divi’s Lab, Glenmark Pharma, Sun Pharma, Lauras Labs, Granules.
#5 Information Technology Stocks: TECH Mahindra, Ltts, Co- Forge, Infosys, LT Infotech.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
RBL Bank ,Sonata Software, Fineorganics, Canara Bank, Tata Motors, Chola Finance, Federal Bank, Ashok Leyland, Deepak Nitrate, IDBI Bank.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- —
26th October Stock Picks –– HDFC LTD, IBULL HSG FINANCE, PEL.
Watch YouTube Video Analysis here – https://youtu.be/uJMlbt5E9uk/https://youtu.be/r7Y7mIXzD3Q
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards of18500 -18600 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
