The Indian equity markets opened with a gap up in the early Monday trading session on the back of favourable global cues.
The nifty then managed to consolidate and keep moving upwards during the afternoon session.
Finally ,At the closing bell, Nifty positively ended the day at 14,942 (+119) whereas the Sensex closed at 49,502( 295).
As far as the stocks are concerned, Dr Reddy's, Sun Pharma, L&T, NTPC, IndusInd Bank, PowerGrid, ONGC and M&M were the major gainers on trade on monday.
Infosys, Reliance Industries, UltraTech Cement, and HCL Tech were the losers.
Extending its gains for the fourth consecutive session, equity benchmark Sensex surged about 296 points to recapture the key 49,500-level on Monday, led by intense buying in pharma and energy stocks.
Most analyst believe that the favourable global cues and good results aided by the RBI support last week has turned the momentum in favour of the Bulls.
The Foreign institutional investors bought Rs 583 Crores whereas Domestic institutional investors bought Rs 476 Crores.
Most experts believe that the indian equity markets will continue to be volatile till the covid situation improves.
The upward movement will resume once the FII Starts buying in a big way.
There seems to be a possibility of the Metals , Banks , Pharma and the defensive stocks doing well in the coming days.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give good opportunity to buy on dips.
Financials & Private banks like Axis Bank, Icici Bank, Bandan Bank, Indusind Bank, Kotak Bank, HDFC Bank will look to move upwards from hereon.
Major I.T. Companies can be accumulated for a decent upside.
I.T Majors like Wipro, Infosys, Co-Forge , Tech Mahindra, and HCL Tech are bound to gain in the coming days.
Cement stocks like Shree Cement , Dalmia Bharat ,Ramco Cement are likely to show strength.
Pharma stocks like Cadila, Glenmark Pharma, Dr Reddy’s, Lupin, Divi’s Lab, Cipla, and Sun Pharma are expected to do good.
The stocks to keep an eye on in the Indian equity markets will be the Banking Sector, Metals Stocks, FMCG Stocks and Cement sector Stocks.
# 5 Banking Stocks: HDFC Bank, Rbl Bank, ICICI Bank, Federal Bank, Axis Bank.
#5 NBFC Stocks: PEL, HDFC LTD, IBull Housing, Shriram Transport, Bajaj Finserve.
# 5 Pharma Stocks: Sun Pharma, Divi’s Lab, Cipla, Glenmark Pharma, Dr Reddy’s.
#5 Information Technology Stocks: Wipro, TCS, HCL TECH, Co- Forge, Infosys.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
PI Industry, Axis Bank, Indusind bank, M&M Financial, Bharti Airtel, Chola Finance, Zee Ltd, Deepak Nitrate, Tata Motors, Graphite.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
11th May Stock Picks — .Axis Bank, Bajaj Finance, Indusind Bank, M&M Financial.
( Watch YouTube Video Analysis here –https://youtu.be/3xfK8UcDqXY )
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards towards 15400-15500.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
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 !!
