With the negative opening of SGX Nifty in India with the 81 points loss, it is anticipated that the Indian Stock Market will open in red today. The Nifty 50, Sensex and Bank Nifty ended up with the red note on Wednesday. Whereas, Nifty Midcap100 was seen in the green.
On Wednesday morning, the Indices opened in red and continued to show up and down movement for the whole trading day. The Indian Stock Market seems to be in red at the closing hours leaving only Nifty Midcap in green.
With some buying seen in the Capital Goods Sector and selling in the Oil & Gas, Metal, Power & IT Stocks, the Auto Index fell 13% on BSE. A volume spike of 100% was observed in SAIL & Motherson Sumi Systems. The MRF, Grasim Industries, and Jindal Steel were among the 200 stocks that hit a fresh 52-week high on BSE.
The Indian Equity Markets finally ended towards the lower end with Nifty closing at 1510.50 (-2.80) Sensex closing at 51,309.39 (-19.69), and Bank Nifty closing at 35783.10 (-273.40). While Nifty Midcap100 closed on a green note with 22926.45 (+179.05). If you are looking to buy quality stocks, it is recommended to watch our Charts Pe Charcha session to get a profitable trading day.
It is expected that the Indian Stock Market will open on a negative note today since SGX Nifty is showing a 81 points loss. It was seen that the S&P and Nasdaq lowered on Wednesday and the Asian Market Stocks were flat in the early trading in Asia on Thursday. And hence the up & down trend is expected in the Indian Market Today. However, any dips during the day will be an opportunity to buy quality stocks.
The Bank Of India, Titan Company, Magma Fincorp, Ador Wedding, Sadbhav Infrastructure Project, Aurobindo Pharma, JP Chemicals, Entertainment Network India are a several stocks that has to be focused on Today. Whereas, Magma Fincorp, Indraprastha Gas, Mawana Sugars, Majesco, Titan, Bata India are the few stocks in the news today.
The Foreign institutional investors bought on Wednesday nearly Rs 1,7860.97 Crores whereas Domestic institutional investors sold Rs 2,075.68 Crores.
The U.S. Markets closed positively on Monday with Dow Jones closing at 31,437.80 (+61.97), S&P closing at 3,909.88 (-1.35), and NASDAQ closing at 13,972.53 (+35.16).
The U.S. Market was seen closing in red and hence it is anticipated that the Indian Stock Markets will be volatile. There will be opportunity to buy on dips during the day.
Pharma stocks like Divi’s Lab saw a negative fall on Monday. But, Dr. Reddy’s, Sun Pharma, Cadila is showing strength and can be expected to gain further from here on the back of excellent results.
Cement stocks like UltraTech Cement, ACC, and Grasim is expected to continue with positive gains in the coming days for this week.
SBI, Canara Bank, Bank of Baroda, PNB, IndusInd Bank, Axis Bank, ICICI Bank, HDFC Bank, Federal Bank will continue to be in limelight and expected to do well this week too.
The Momentum is shifting towards PSU banks in the banking sector with big upgrades & buy recommendations coming in for SBI from most brokerages.
The Insurance sector Stocks like ICICI Prudential & SBI Life Insurance will be looking to gain some momentum along with the banking sector.
NBFC’S – Bajaj Twins, Shriram Transport Finance too will look go up after the strength shown on last week’s trading.
Tech Mahindra, Infosys, TCS, HCL Tech, will be in focus on Monday as they have underperformed in the last week and can be expected to go up anytime during this week.
Also, Maruti, Bharat Forge, Tata Motors, Ashok Leyland, PEL, Adani Enterprise, Adani Port, is expected to be keenly watched by the traders. The prices of some of these stocks have corrected during the last few days and most analysts expect them to rebounce to higher levels.
The general sentiments in the market seem to have turned Bullish and the traders seem to buy every dips during the day.
The Pharma Sector, Banking & NBFC Sector, PSU Banks, Auto Sector, I.T Stocks, FMCG Stocks, and Cement sector Stocks will be the ones to be followed on Thursday.
# 5 Pharma Stocks: Divi’s Lab, Dr Reddy’s, Lupin, Cadila, Cipla.
#5 Information Technology Stocks: Tech Mahindra, Infosys, TCS, L&T Technology, HCL Technology.
# 5 Banking Stocks: Axis Bank, Indusind Bank, HDFC Bank, ICICI Bank, Bank of Baroda.
#5 NBFC Stocks: Bajaj Finance, Bajaj Fin serves, HDFC Ltd, Shriram Transport, and Chola Finance.
#10 Other Main Stocks to watch out for on this Thursday Morning in the Indian Equity Markets
Bharti Airtel, Indusind Bank, M&M & Tata Steel, Maruti, Reliance, Tata Motors, Ashok Leyland, Adani Port, Grasim.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
11th February Picks— Cipla, DLF, M&M, PEL.
(Watch YouTube Video Analysis here – https://youtu.be/Nloxg3-2eYM)
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