The Indian Equity Markets opened flat and then was sideways before moving upwards from the lows of the day towards the closing.
TCS, Bharti Airtel, Bajaj Finserv, Tata Steel, Maruti, and Kotak Bank were the gainers in trade on Monday.
ICICI Bank, HUL, HDFC Bank, M&M, Ultra Cement, IndusInd Bank, and Tech Mahindra were the losers in trade on Monday's consolidation day of trading.
After starting the day almost flat in spite of global weakness, The nifty did trade in consolidation mode for some time before gaining some strength and finally ending the day at the closing bell at 17355(-14) levels whereas the Sensex closed at 58,177 (-127).
The Indian equity benchmarks continued to trade in the red zone in the afternoon session.
The Asian markets were trading mixed amid a surge in US inflation to a record high. Also, the concerns that the Federal Reserve will be forced to tighten monetary policy sooner than later was influencing the global markets today.
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 Rs1419 Crores whereas Domestic institutional investors sold Rs 559 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 Stocks like TCS, Mphasis, HCL TECH, Infosys, 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 DrReddy's, 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: 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: Mphasis, HCL TECH, Co- Forge, Infosys, LT Infotech .
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
Apcotex, Exide, 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- —
14th September Stock Picks––
(Watch YouTube Video Analysis here –
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!
