The Indian equity markets opened with a gap up in the early Monday trading session on the back of favorable global cues and consolidated throughout the day.
SBI , L&T, ITC, Dr Reddy's, Axis Bank and PowerGrid were amongst the top gainers in Monday trading session in the Indian equity markets.
IndusInd Bank, UltraTech Cement, Titan and Bajaj Finserv were among the main losers.
Finally , at closing Bell the Nifty ended at 15,197 (+22) whereas the Sensex closed at 50651 (+111)
Most Analysts believe that the Indian equity markets remained positive despite mixed global cues on the basis of 2 major reasons.
One reason was the persistent decline in daily caseload and the other reason being the improvement in recovery rate in second wave of COVID-19.
The Sentiments have turned bullish and the financials along with OMC look to take the markets to all-time highs in the near term.
The Foreign institutional investors bought Rs 585 Crores whereas Domestic institutional investors Sold Rs 707 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 Banks, Pharma, OMC, 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.
Pharma stocks like Cadila, Glenmark Pharma, Dr Reddy’s, Lupin, Divi’s Lab, Cipla, and Sun Pharma are expected to do good.
Cement stocks like Shree Cement, Dalmia Bharat, Ramco Cement are likely to show strength.
The stocks to keep an eye on in the Indian equity markets will be the Banking Sector, OMC Stocks, FMCG Stocks and Cement sector Stocks.
# 5 Banking Stocks: Axis Bank, HDFC Bank, Rbl Bank, ICICI Bank, Federal 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: LTTS, 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- —
25Th May Stock Picks--Jindal Steel, Tata Motors, Tata Steel
( Watch YouTube Video Analysis here –https://youtu.be/avAYkn7nl_Y)
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 on our Facebook Page & Youtube Channel.
Cheerful Trading !!
