Before beginning with the Stock Market Today, here is something you need to know. The Indian equity markets are consolidating for the past few days and are very interestingly poised as on Tuesday. Both the Nifty and Sensex traded in a tight range on Tuesday and ended mildly in the green
This Wednesday, The cues from U.S. Markets closing being very positive, the expectation of Indian equity markets opening gap up is very high.
The NASDAQ was more than one percent on the positive side while Dow Jones was also more than one percent on the positive side. The S&P had a nearly 1.25 percent uptick closing on Tuesday in the U.S. Stock Markets.
The Stock Market In India started the day mildly in the red and was in the negative zone in a tight range for most of the day.
Post Afternoon, The markets started to move upwards with Dow futures showing strength, and the same was reflected in Indian equity markets.
Nifty Managed to recover the morning dips and close in the positive zone by the time the market closed.
Nifty displayed to close strong in the green at 13,567 (+9) levels on Tuesday.
The Sensex closed at 46,263, (+9) whereas Bank Nifty closed at 30,691(-55) levels in the Indian equity markets on Tuesday.
The NBFC stocks lead by the Bajaj Twins – Bajaj Finance and Bajaj Finserve, Hdfc, LIC housing finance, and smaller stocks like all traded with good gains towards the end of the Tuesday.
The Banking stocks like ICICI Bank, Axis Bank, and SBI were all in the negative.
The I.T. Large caps like Infosys and TCS were down little bit whereas HCL Technologies and Tech Mahindra managed good gains on Tuesday.
The Energy pack of BPCL, IOC, Gail and Coal India had a minor dip day.
The Foreign institutional investors continued to buy with the Friday figures at Rs 2484 crores.
The Domestic institutional investors continued to sell with Friday figures at Rs2666 crores.
The U.S. Markets closed on Tuesday with Dow Jones closing at 30,199(+337), S&P closing at 3694(+47), and NASDAQ closing at 12595 (+155). All 3 indices in the U.S. Markets closed 1.25% up. This will give a strong leg up to the early morning trade in the Indian equity markets.
Many analysts believe that the Stock Market Today will be opening positive with a Gap up in the morning. They expect the Indices to move further up as the shorts on the 13600/-Nifty levels will have to cover their trades if the Nifty opens up and sustains for the first half an hour of trade.
The NBFC stocks which lead the nifty comeback on Tuesday will look to take forward the momentum further upwards from Tuesday’s levels.
The Stocks to watch out for on Wednesday will be the Bajaj Twins – Bajaj Finance and Bajaj Finserve, HDFC, LIC housing finance and smaller stocks like Mahindra and Mahindra financial services. All of them traded with good gains towards the end of Tuesday.
The private banks like ICICI Bank, Axis Bank, and SBI which had a minor correction will look to resume their upward trend.
The Insurance Stocks like Hdfc Standard life, SBI life also will be keenly watched for any positive momentum.
This Sector once again will look to continue its positive run with the stock to watch out being BPCL, ONGC, NTPC, BPCL, and Coal India. The Disinvestment activity picking up in BPCL can have a positive trigger for BPCL in the near term.
Most Analysts expect Energy stocks to do well with ONGC, NTPC, Coal India, GAIL, and BPCL to be in the limelight for the coming days.
FMCG stocks had a negative day with HUL, Britannia, Nestle was negative.
The I.T. Large cap Stocks like TCS, Infosys opened in the red on Monday and continued to remain lower till the last hours of trade.
HCL Technologies and Tech Mahindra was in the positive territory throughout Tuesday.
The Large Caps like Reliance and L& T in the negative side on Tuesday.
The Cement stocks like Ultra tech cement, Shree positive uptick on Tuesday.
Pharma stocks like Cipla, Sun Pharma had a negative day whereas Dr Reddy and Divi’s Lab was mildly positive.
The stocks to keep an eye on in the Indian equity markets will be the NBFC Stocks, banking and financial stocks, the Energy sector, And the I.T. Stocks.
Bajaj Finance, Bajaj Finserve, HDFC, HDFC Bank, Indusind Bank, Infosys, TCS, HCL Technologies, Reliance, BPCL, Bharti Airtel, Bharat Forge, Maruti, Adani Enterprise, Adani Port, Mahindra and Mahindra Financials, Shriram Transport finance, to name a few of them.
Most experts are of the opinion that a Positive outlook for Indian equity markets will continue on Wednesday in the Indian equity markets.
They anticipate short covering to happen above 13,600 nifty levels which will take the nifty levels higher on Wednesday.
It would be a great idea to get into sectors of the day after observing the initial hour of trading to make the most of the potential opportunities.
As the Indian equity markets are at high levels, most experts are alerting a word of caution and advising against taking heavily leveraged trades on either side.
Bajaj Finance, Bajaj finserve, HDFC, HDFC Bank, Indusind bank,
Infosys , TCS, HCL Technologies, Tech Mahindra
Reliance, BPCL, Bharti Airtel, Bharat Forge, Maruti, Adani Enterprise, Adani Port, Mahindra and Mahindra Financials, Shriram Transport Finance, Piramal Enterprise Limited
Since the cues from U.S Markets are strongly on the Positive side, Analysts are anticipating a very positive gap up opening for Indian equities on Wednesday. It will be interesting to watch if the Indian equity markets continue their upward trend and manage to close on a positive note on Wednesday.
Tips Worth following for becoming a successful trader and investor in the Indian equity markets.
“It’s always important to have a clearly specified Entry and Exit Strategy, Risk control strategy to be successful in the Indian stock markets.
“Best wishes for a Profitable trading day in the Indian equities markets!
Cheerful Trading !!
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