The Indian Equity Markets opened gap up in the early morning session. Then the Nifty did consolidate and slowly moved upwards during the day.
The Nifty did end at an all-time highest ever closing in the Indian Equity Markets.
PowerGrid, NTPC, UltraTech Cement, Tech Mahindra, Reliance Industries and IndusInd Bank were the main gainers.
On the other hand, Bajaj Finance, Bajaj Finserv, HDFC, Dr Reddy's, SBI and ONGC were among the losers.
Most Analysts believe that the Indian Equity markets will move upwards on the basis of risk sentiment improving as multiple states have started to ease COVID-19 restrictions amid falling cases.
Another factor was the sharp recovery in the rupee which added to the momentum with I.T Sector coming back to limelight.
Good buying was seen in energy, IT and bank stocks in Monday’s afternoon trading session.
Finally at Closing Bell, the Nifty ended at 15,751(+81) whereas the Sensex ended at 52,328(+228).
Most Analysts believe that the rise in heavyweights supported the rally and sectors like metal, private banks, and energy witnessed maximum gains in anticipation of better economic growth.
The Foreign institutional investors Sold Rs 186Crores whereas Domestic institutional investors bought Sold Rs 983 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 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.
Cement stocks like Grasim, 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, 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- —
8th June Stock Picks––Cadila, HDFC BANK, IDFC FIRST BANK, LUPIN , SUN PHARMA, M&M
( Watch YouTube Video Analysis here –https://youtu.be/w57ftwrfe4s)
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 !!
