The Indian Equity Markets on Tuesday opened in green in the early morning session on the back of strong global cues. Then the Nifty did trend upwards for the most part of the day and did close strongly towards the closing bell.
ICICI Bank, HDFC, Axis Bank, Sun Pharma, NTPC, and M&M were the main gainers on a positively trending day of trading.
On the other hand, HCL Tech, Dr. Reddy's, Maruti, and Tech Mahindra were the losers in trade in the Indian equity markets on Tuesday.
After starting the day in the positive zone, The Nifty did move upwards throughout the day. Then Nifty made a smart closing towards closing bell at 15812(+119) levels whereas the Sensex closed at 52,779(+397)levels.
Most analysts believe that favorable economic outcomes and positive Asian markets, helped the Indian equity market to trade with positive bias. The Asian shares sparked a rally after better-than-expected Chinese economic data and this too did help the Indian equity markets on Tuesday.
Little Buying support from the Fii’s can be a major factor for the upward momentum in the Indian equity markets.
The Foreign institutional investors bought on Tuesday Rs 113 Crores whereas Domestic institutional investors bought Rs 344 Crores.
If the FII’s resume to buy in a big way, then it will be a big positive for the up move in the markets. Most analysts are expecting the markets upwards towards 16000-16200 nifty levels in the near term.
Most experts expect that if FII’S buying continues, the indices will go upwards in the coming few days.
Stocks to watch out for this Wednesday Morning in the Indian Equity Markets
There seems to be a possibility of the banking and financial sector bouncing back to higher levels.
The Metals & Chemicals Sector also will be keenly watched by the traders.
NBFC’S – Bajaj Finance, Mahindra and Mahindra Financial Services, PEL, Bajaj fin serve, Shriram Transport Finance will under the radar of the traders.
Private banks like HDFC Bank, ICICI Bank, Axis Bank, Bandhan Bank, Indusind Bank, Kotak Bank, Federal Bank, will look to scale higher from hereon.
The I.T majors like Infosys, TCS, HCL TECH, Tech Mahindra, Wipro, Co-forge, and Mastek can move up quickly in the coming days.
The Mid- Cap I.T. Stocks like LT Infotech, Intellect Design, LTTS, Sonata Software also can be observed for an upwards move in the coming days.
Pharma stocks like Cipla, Wockhardt, Cadila, Glenmark Pharma, Lupin, Divi’s Lab, Dr. Reddy’s, SPARC, and Sun Pharma are expected to give good returns in the short term.
The general Sentiments continue to be bullish in the Indian equity markets. The traders will be looking for global cues for direction in the coming days.
The stocks to keep an eye on in the Indian equity markets will be the Banking and Financial Sector, PSU sector, I.T., OMC, Chemicals Sector, Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: HDFC Bank, Axis Bank, Indusind Bank, Icici Bank, Federal Bank.
#5 NBFC Stocks: PEL, Shriram Transport, India Bulls Housing Finance, HDFC LTD, Bajaj Finance.
# 5 Pharma Stocks: Wockhardt, Divi’s Lab, Cadila, Glenmark Pharma, Sun Pharma.
#5 Information Technology Stocks: HCL Tech, LTI, Mastek, Tech Mahindra, TCS.
#10 Other Main Stocks to watch out for on this Wednesday Morning in the Indian Equity Markets:
LTTS, Mastek, PI Industries, Tata Motors, Bandhan Bank, Equitas Holding, India Bull's housing, SBI, Rbl Bank, Gujarat Alkalies.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
14th July Stock Picks — BHEL, Gujarat Gas, PEL, Tata Chemical.
( Watch YouTube Video Analysis here – https://youtu.be/0H4BT4IiXlU )
After a listless day of trading on Tuesday, the view is that the Indian equity markets will go higher if Fii continues to Buy in a big way.
Most Analysts expect the markets to reach 16000--16200 levels for the near term.
Best wishes for a Profitable Wednesday in the Indian equity markets!
INDIAN EQUITY MARKETS THIS WEDNESDAY MORNING!
Best wishes for a Cheerful Wednesday in the Indian equity markets!
