The Indian Equity Markets opened in the positive zone and then was gained strength to close at the all-time high on Monday.
Maruti, PowerGrid, ITC, NTPC, SBI, M&M, Kotak Bank, and HDFC Bank were the main gainer in trade on Monday in the Indian equity markets.
On the other hand, TCS was the top loser, shedding over 6 percent.
After starting the day in the positive zone, the bulls did manage to hold to the gains and Nifty finally end at the closing bell at 17945(+50) levels whereas the Sensex closed at 60,136 (+77)
The TCS Q2 operating performance missed expectations, reporting lower-than-expected revenue and earnings before interest, taxes, and corporate overhead or management (EBITM).
The company on Friday reported a 14.1 percent rise in consolidated net profit at Rs 9,624 crore in the September 2021 quarter.
Following suit, Tech Mahindra, Infosys, HCL Tech, and Reliance Industries fell up to 2.76 percent.
It was seen in the afternoon session, the markets continue to trade handsomely as broad gains in rate-sensitive counters, viz, auto, realty, and utility.
The Traders also took support as data showed the country's exports growing at a healthy rate. Exports have touched $197 billion during April-September this fiscal.
The Foreign institutional investors Sold Rs373 Crores whereas Domestic institutional investors Sold Rs 1303 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 TCS, 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: RBL 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: TCS, HCL TECH, Co- Forge, Infosys, LT Infotech.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
Ashok Leyland, Sonata Software, Exide, Fineorganics, SRF, Tata Motors, Chola Finance, Graphite, Deepak Nitrate, RBL Bank.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- —
12th October Stock Picks –– IbullHSG FINANCE , JINDAL STEEL, LIC Housing Finance.
Watch YouTube Video Analysis here –https://youtu.be/io-VD8OQRj8
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards of18200 -18500 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
