The Indian Equity Markets opened gap down on the basis of rumors related to Adani Groups Stocks and it led to selling across the sectors in the early morning session. Then the Nifty did consolidate and slowly moved upwards during the day with Reliance and I.T Stocks leading the way to the positive zone.
Reliance Industries, Bajaj Finance, ONGC, Infosys, PowerGrid, L&T and IndusInd Bank were the main gainers in trade on Monday’s volatile session.
Kotak Bank, NTPC, HDFC, Sun Pharma, Bajaj Auto and Maruti were among the losers apart from the Adani Stocks.
Finally at Closing Bell on the Monday’s volatile trading session, the Nifty ended from where it all began in the morning at 15,811(+12) whereas the Sensex ened at 52,551(+77).
In spite of the Volatility increasing due to the Adani group stocks-related news, the Indian Equity Markets bounced back from the lows to close at a slightly positive zone.
Most Analysts believe that the rise in heavyweights like Reliance supported the Markets on Monday and sectors like metal, I.T., private banks can give maximum gains in anticipation of better economic growth.
The Foreign institutional investors Sold Rs 503Crores whereas Domestic institutional investors bought Rs 544 Crores.
Most experts believe that the Indian equity markets will continue to be trend upwards and move towards the all-time high during this week.
There seems to be a possibility of the I.T, Banks, Pharma, Power, OMC, and the defensive stocks doing well in the coming days.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give a good opportunity to buy on dips.
Financials & Private banks like RBL Bank, Axis Bank, Icici Bank, Bandhan Bank, Indusind Bank, Kotak Bank, HDFC Bank will look to move upwards from hereon.
I.T Majors like Co-forge, Wipro, Infosys, Tech Mahindra, Mastek, and HCL Tech are bound to gain in the coming days.
Major I.T. Companies can be accumulated for a decent upside.
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, I.T. Sector, OMC Stocks, FMCG Stocks and Cement sector Stocks.
# 5 Banking Stocks: Axis Bank, HDFC Bank, Bank of Baroda, ICICI Bank, Canara Bank.
#5 NBFC Stocks: Bajaj Finance, PEL, HDFC LTD, IBull Housing, Bajaj Finserve.
# 5 Pharma Stocks: Cadial, Divi’s Lab, Cipla, Glenmark Pharma, Dr. Reddy’s.
#5 Information Technology Stocks: LTTS, TCS, Mastek, 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- —
15th June Stock Picks–– Ashok Leyland, Eicher Motors, HDFC Bank, Hindalco, Maruti.
( Watch YouTube Video Analysis here – https://youtu.be/y5JoPApA3H4 )
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards towards 16000 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
We do conduct Pre-Market Analysis webinars daily in the morning. You can join this live webinar on our Facebook Page & Youtube Channel.
Cheerful Trading !!
