The Indian Equity Markets opened flat in spite of negative global and Asian Markets cues on Monday early morning.
SBI, Reliance Industries, Tech Mahindra, M&M, L&T, Bharti Airtel, IndusInd Bank, and HDFC were the main losers in trade on Monday's trading Session.
On the other hand, Bajaj Finserv, UltraTech Cement, Sun Pharma, Titan, Tata Steel, and Kotak Bank were among the gainers.
After starting the day in a flattish to slightly negative zone, The Nifty did recover little for some time. Then as dow futures started to slide further, the nifty started to weaken and ended up at closing bell at 15824(-31) levels whereas the Sensex closed at 52,852(-123)levels.
Most analysts feel the Indian markets started marginally in red following negative Asian market cues as China tech and education shares plunged and Singapore's manufacturing output declined 3 percent in June on a seasonally adjusted, month-on-month basis.
During the afternoon session, the markets swung between positive and negative territory with trading in a tight range till the closing bell.
Most Analysts believe that the Indian markets can make a smart pull-back, if well supported by the positive global set-up on Monday in the U.S Markets.
The Foreign institutional investors Sold Rs 2376 Crores whereas Domestic institutional investors bought Rs 1551 Crores.
Most experts believe that the Indian equity markets can continue to move upwards when the FII's resume buying and move towards the all-time high during this week.
There seems to be a possibility of the I.T. Sector, Metals, Banks & NBFC's, Pharma, Power, and the defensive stocks doing well in the coming days.
Financials & Private banks like Federal Bank, Axis Bank, Icici Bank, Bandhan Bank, Indusind Bank, Kotak Bank, will look to move upwards from Monday's Trade.
PSU banks will be in focus once the Bank Nifty starts to move upwards.
NBFC’S – IDFC LTD, Equitas Holding, PEL, Bajaj Twins, Shriram Transport Finance will give a good opportunity to buy on dips.
I.T Majors like Mphasis, HCL TECH, LTTS, LTI, TCS, 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 since the results season seems to be good and encourage the investors and traders to buy them.
Pharma stocks like Glenmark Pharma, Cadila, 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 I.T. Sector, Power Sector, Banking Sector, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Federal Bank, Axis Bank, ICICI Bank, Kotak Bank, Indusind Bank.
#5 NBFC Stocks: Bajaj Finance, Equitas holding, PEL, IBull Housing, Bajaj Finserve.
# 5 Pharma Stocks: Cadila, Divi’s Lab, Cipla, Glenmark Pharma, Dr. Reddy’s.
#5 Information Technology Stocks: Mphasis, HCL TECH, Mastek, Co- Forge, Infosys.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
Sasken Tech, BF Investments, IDFC First Bank, Equitas Holding, Tata Motors, Chola Finance, ISGEC Heavy Engineering, Deepak Nitrate, Ashok Leyland, Gujarat Alkalies.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- —
27th July Stock Picks–– Adani Enterprises, Bajaj Finance, PEL, Seimens.
(Watch YouTube Video Analysis here –https://youtu.be/Z7tZAneH1og)
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards of16000 -16200 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
