After starting the day in the positive zone in the Indian equity markets, The nifty remained strong and managed to close the day at the highest every closing.
NTPC, Bharti Airtel, Titan, HCL Tech, SBI, PowerGrid, TCS, and IndusInd Bank were the main gainers in trade on Wednesday.
On the other hand, Asian Paints, Axis Bank, UltraTech Cement, Bajaj Finance, and Nestle India were among the losers in trade.
After starting the day in the positive zone, the nifty did trade with strength throughout the day and finally ended at the closing bell at 17519(+139) levels whereas the Sensex closed at 58777 (+476).
The Union Cabinet on Wednesday approved a relief package for the telecom sector. This included a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 percent foreign investment through the automatic route.
The Cabinet also approved a Rs 26,058 crore production linked incentive (PLI) scheme for the auto, auto-components, and drone industry to enhance India's manufacturing capabilities.
The Market Experts feel that the Bulls will make a strong attempt to scale towards 17800 and higher for the September series.
The foreign institutional investors Bought on Wednesday Rs 232 Crores whereas Domestic institutional investors Bought Rs 167 Crores.
The FII’s buying in a big way will definitely help the up move in the markets. Most analysts are expecting the markets to now trend upwards to 17800 nifty levels in the Sept Series.
Most experts expect that if FII’S buying continues, the indices will go upwards in the coming few days.
Stocks to watch out for this Thursday Morning in the Indian Equity Markets
There seems to be a possibility of the banking and financial sector bouncing back strongly to higher levels.
The I.T, Metals & Chemicals Sector also will be keenly watched by the traders.
NBFC’S – Bajaj Finance, Mahindra and Mahindra Financial Services, PEL, Bajaj fin serve, Shriram Transport Finance will be under the radar of the traders.
Private banks like HDFC Bank, ICICI Bank, Axis Bank, Bandhan Bank, Indusind Bank, Kotak Bank, Federal Bank, will look to scale higher from hereon.
The I.T majors like Infosys, Wipro, Mphasis, TCS, HCL TECH, Tech Mahindra, Co-forge, and Mastek are likely to move up quickly in the coming days.
The other I.T. Stocks like LT Infotech, Intellect Design, LTTS, Sonata Software also can be observed for an upwards move in the coming days.
Pharma stocks like Cadila, Glenmark Pharma, Lupin, Divi’s Lab, Dr. Reddy’s, SPARC, are expected to do well.
The general Sentiments continue to be positive in the Indian equity markets. The traders will be looking for global cues for direction in the coming days.
The stocks to keep an eye on in the Indian equity markets will be the Banking and Financial Sector, PSU sector, I.T., OMC, Chemicals Sector, Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Axis Bank, Indusind Bank, Icici Bank, Federal Bank, Canara Bank.
#5 NBFC Stocks: Bajaj Finance, Shriram Transport, India Bulls Housing Finance, HDFC LTD, PEL.
# 5 Pharma Stocks: Granules, Divi’s Lab, Cadila, Glenmark Pharma, Sun Pharma.
#5 Information Technology Stocks: Mastek, LTI, LTTS, Mastek, Tech Mahindra.
#10 Other Main Stocks to watch out for on this Thursday Morning in the Indian Equity Markets:
BEML, ISGEC Heavy Engineering, Tata Motors, Motherson Sumi, Gabriel India, Bandhan Bank, Godrej agro vet, Bank of Baroda, Gujarat Alkalies, Aarti Surfactants.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
16TH September Stock Picks —DLF, PEL.
( Watch YouTube Video Analysis here – https://youtu.be/-yEuKvxkqPU
After a consolidating day of trading on Tuesday, the view is that the Indian equity markets will go higher from here on in the September Series.
Most Analysts expect the markets to reach 17800 plus levels for the near term
Best wishes for a Profitable Thursday in the Indian equity markets!
INDIAN EQUITY MARKETS THIS THURSDAY MORNING!
Best wishes for a Cheerful Thursday in the Indian equity markets!
