The Indian Equity Markets opened higher and then was sideways before moving upwards towards the closing.
HCL Tech, Infosys, Reliance Industries, Tech Mahindra, Bajaj Auto, and M&M were the main gainers in trade on Monday.
On the other hand, IndusInd Bank, Kotak Bank Bank, Power Grid, Sun Pharma, and Asian Paints were among the losers.
After starting the day in the positive zone, The nifty did trade sideways for some time before gaining strength and finally ending at the closing bell at Historic levels of 17377(+54) levels whereas the Sensex closed at 58,296 (+166)levels.
Most analysts feel the Indian markets started on a positive note following positive Asian markets cues as US Fed's tightening fears cool off following disappointing jobs data. Many Market participants feel that the Fed Chairman comments emphasizing the need for stronger jobs data before the central bank would start to unwind its massive bond-buying programme also did help the Indian equity markets.
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 Sold Rs 589 Crores whereas Domestic institutional investors bought Rs 547Crores.
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 Lupin, 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 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:
Exide, Granules, Aarti Surfactants, BF Investments, SRF, Tata Motors, Chola Finance, ISGEC Heavy Engineering, Deepak Nitrate, RBL Bank.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- —
7th September Stock Picks––Axis Bank , Indian Bulls Real Estate, Bajaj Finance.
(Watch YouTube Video Analysis here –https://youtu.be/_K07Q8xCoy0 .
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards of17600 -17800 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
