The Indian Equity Markets opened on Wednesday in the positive zone and did consolidate in the early morning session.
During the day, many Stocks gave up the morning gains and did slide down to close in the negative zone from the morning highs. The volatility did suddenly happen in the afternoon session.
PowerGrid, Bajaj Finserv, ICICI Bank, HDFC, NTPC, HUL, and L&T were among the main losers in Wednesday’s trading session.
Infosys, Reliance Industries, Nestle India and Martui closed the day in green.
Finally at Closing Bell on Wednesday’s volatile trading session, the Nifty ended at 15,721(-26) whereas the Sensex ended at 52,482(-66).
It was seen that buying emerged in IT, metals and auto companies.RIL did play a major role in aiding the arrest of the fall in Indian equity markets.
Midcap and smallcap stocks continued to outperform broader indices throughout the day.
Most analysts believe investors are booking profits at higher levels due to negative trend in global markets.
The Markets on Thursday will be looking for cues from Global Markets to decide which way the markets will turn in the coming days.
The Foreign institutional investors Sold on Wednesday Rs 1646 Crores while the Domestic institutional investors Sold Rs 1520 Crores.
FII’s resuming to buy in a big way will help the bulls to make a move towards 16000 nifty levels.
Most experts expect the indices to continue to be positive with the expiry expected at 15800 Nifty levels.
There seems to be a possibility of the I.T, Pharma Sector, going up in the coming days.
NBFC’S –India Bulls Housing Finance, PEL, Bajaj Twins, Shriram Transport Finance will under the radar of the traders.
Banks like SBI, Canara Bank, Bank of Baroda can be accumulated in SIP manner for decent gains in near future.
The private banks like RBL Bank, Axis Bank, HDFC Bank, Icici Bank, Federal Bank, Indusind Bank will move up in case of any positive triggers.
The I.T Majors are looking to bounce back in the coming days. Mid-cap I.T stocks are likely to continue to regain some strength n Thursday.
Pharma stocks like Sun Pharma, Cadila, Dr. Reddy’s, Lupin, Divi’s Lab, Cipla, are expected to do good in the near term.
The market seemed to have turned volatile with bullish sentiments intact and the traders will be looking to take nifty upwards to 15800-15900 Levels.
The stocks to keep an eye on in the Indian equity markets will be the I.T Sector, Pharma Sector Stocks.
# 5 Banking Stocks: Rbl Bank, Icici Bank, Federal Bank, Indusind Bank, Kotak Bank.
#5 NBFC Stocks: HDFC LTD, India Bulls Housing Finance, Bajaj Finserve, Bajaj Finance, PEL.
# 5 Pharma Stocks: Lauras Labs, Cadila, Cipla, Dr Reddy’s, Sun Pharma.
#5 Information Technology Stocks: LTTS,Mastek, Infosys, TCS, Co- Forge.
#10 Other Main Stocks to watch out for on this Thursday Morning in the Indian Equity Markets:
LTI, Deepak Nitrate, JSW Steel, Reliance, Tata Motors, ,Graphite, Eicher Motors, Ashok Leyland, India Bulls Housing LTD, M&M..
The view in the Indian equity Markets is that the volatility in the markets will remain due to expiry.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
1st JULY Stock Picks —Adani Ports, Aurobindo Pharma, ZEEL.
( Watch YouTube Video Analysis here–https://youtu.be/mGhv9ciBXiw)
We do conduct Pre-Market Analysis webinars daily in the morning. You can join this live webinar of today through our Facebook Page & Youtube Channel.
Cheerful Trading !!
