Many markets are set for in an early close.
Key European Markets too ended flat on this last trading day of the year, after UK commander boarted to approved historic Brexit trade agreement and investor reacted to further positive covid vaccine development.
The Foreign institutional investors did buy on Thursday with Buy figures at Rs 1,824 crores
The Domestic institutional investors did Sell on Thursday with Sell figures at Rs -587 crores.
The U.S. Markets closed onWednesday, DOW JONES closing 30409.00 (0.24%) , S&P closing up at 3732.04up (0.13%) and NASDAQ closing positive 12870.00 (0.15%). The U.S Markets can be positive with the sentiments favouring a positive outlook for end year closing in the coming week.
Midcaps may be influenced by fall in Russell 2,000.
Government extended the timeline for filing tax returns till the 10th of january,the deadline for the direct tax of scheme Vivad Se Vishwas has also been extended till the end of the january.
All the I.T. Stocks like Infosys, Wipro, HCL Technology, Tech Mahindra, TCS, L&T Technology and the midcap and small caps Like Mindtree, NIIT LTD, Tata Elixsi, Co-Forge will be in the limelight on Monday.
Large Caps Stocks: Stock to watch out will be Reliance, L&T, Divi’s Lab and Dr. Defensives like Pharma sector looks good and Stocks like Cipla, Dr. Reddy’s, Lupin, Sun Pharma.
This December we saw Nifty up 7.5% and Nifty IT 11.5%. After the kind of sharp sustained up move.
You are bound to see intermittent correction, partial profit booking and that is likely to continue but we have closed up in the green for the last 5 training sessions, Nifty & Nifty Bank which is showing you momentum gained 3.5% away from life highs.
The stocks to keep an eye will be the Banking and Financial Stocks, I.T Stocks, Pharma Stocks, Energy Stocks, and FMCG Stocks.
#Bajaj Finance, #Hindalco, #ICICI Bank, #Infosys, #TATA Motor, #HDFC, #ONGC.
Keep these stocks under your radar for Trading and investments on thursday:
Dec Auto Sales : Auto stocks in focus ahead of the month sales december.
Infra Stocks : Cabinet gives an approval for 12,000 cr for infRa project and government has set a 100 trillion in investment target for project selected under the national infrastructure pipeline over the next system.
Adani Green : Commission 100 MW solar power plot in gujrat ahead of schedule.
Filatex India : Company starts captive generation of solar power at Dahej & Dadra units.
FDC : Company to expand its production capacity with an additional BFS machine.
FORTIS Healthcare : long term rating for line of credit of subsidiary SRL upgraded to ICRA A.
V-Mart Retail : Opened 4 new stores, 3 in UP & 1 in Jharkhand and closed 1 store in Odisha.
“Best wishes for a Fascinating Thursday in the Indian equities markets!
Cheerful Trading !!
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