The Indian Equity Markets opened higher and then trended upwards throughout the day. After starting the day with a gap-up opening, The Bulls took control and the nifty did trade upwards throughout the day to close at Historic levels of 16931(+225) levels whereas the Sensex closed at 56,958 (+765)levels.
Bharti Airtel, Axis Bank, Tata Steel, Titan, Maruti, and Bajaj Finance were the top gainers in Indian equity markets on a historic closing day.
On the other hand, Tech Mahindra, Nestle India, Infosys, and TCS were the losers.
After starting the day with a gap up opening, The Bulls took control and the nifty did trade upwards throughout the day to close at Historic levels of 16931(+225) levels whereas the Sensex closed at 56,958 (+765)levels
Financial and metals witnessed sharp recovery. Barring IT, most key sectoral indices traded in green with a decent rebound. Strong buying in midcap and smallcap stocks continued as recent corrections made risk-reward propositions favourable for investors.
Most Analysts believe that the Indian markets can continue its upwards move, if well supported by the positive global set-up on Monday in the U.S Markets.
The Foreign institutional investors bought Rs 1202 Crores whereas Domestic institutional investors bought Rs 688 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.
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.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give a good opportunity to buy on dips.
I.T majors like TCS, HCL TECH, Infosys, Mphasis, LTTS, LTI, Wipro, Tech Mahindra, Mastek are looking good to gain 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 Cadila, Lupin, Divi’s Lab, Cipla, and Sun Pharma are expected to do bounce back from the weakness of the last few days.
The stocks to keep an eye on in the Indian equity markets will be the I.T. Sector, Power Sector, Banking Sector, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: ICICI Bank, Kotak Bank, Axis Bank, HDFC Bank, Federal Bank.
#5 NBFC Stocks: Bajaj Finance, PEL, IBull Housing, Bajaj Finserve, SRT Finance.
# 5 Pharma Stocks: Divi’s Lab, Glenmark Pharma, Sun Pharma, Lauras Labs, Granules.
#5 Information Technology Stocks: LTTS, Mphasis, HCL TECH, Co- Forge, Infosys.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
Granules, Aarti Surfactants, BF Investments, Graphite, Tata Motors, Chola Finance, ISGEC Heavy Engineering, Deepak Nitrate, Ashok Leyland, RBL Bank.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- —
31st August Stock Picks–– Bajaj Finance , Bharti Airtel.
(Watch YouTube Video Analysis here –https://youtu.be/VZB88CLnauk
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards of17000 -17200 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
