The Tuesday trading session in the Indian equity markets belonged to the bulls who were in control from the early morning gap up opening. Indian equity markets continued to go up during the day and ended up strongly towards the closing bell.
M&M, Bajaj Auto, Titan, Bajaj Finance, HDFC Bank and PowerGrid were the major gainers in Tuesdays trading session.
Bharti Airtel, ITC, Dr Reddy's, SBI and HUL ended up in the losing side.
Finally, at the closing bell, the NSE closed at 15,108(+184) which was the best closing since March 10. The Sensex ended the day strongly at 50,193(+612)
Sectorwise, BSE auto, industrials, consumer durables, capital goods, power, and utility indices were the major gainers whereas Telecom and FMCG indices did lose in Tuesday's trading session.
The sentiments in the global markets have turned bullish in the last couple of days and the same will be a factor in the coming days.
The Foreign institutional investors bought on Tuesday Rs 618 Crores whereas Domestic institutional investors bought Rs 449 Crores.
If the FII’s continue to buy then it will be a big positive for the upmove in the markets. Most analysts are expecting the markets upwards towards 15400-15500 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
The PSU sector was in the limelight on tuesday and the same is expected on Wednesday too.
There seems to be a possibility of the banking and financial sector bouncing bank to higher levels.
The Metals & Chemicals Sector also will be keenly watched by the traders.
PSU Banks like Karnataka Bank; Bank of Baroda, Showed good momentum in the last few trading sessions. They are likely to go up further in the coming days.
Private banks like HDFC Bank, ICICI Bank, Bandhan Bank, Indusind Bank, Kotak Bank, Axis Bank, Federal Bank, will look to consolidate and move further up.
NBFC’S – Bajaj Finance , Mahindra and Mahindra Financial Services, PEL, Bajaj finserve, Shriram Transport Finance will under the radar of the traders.
The I.T Majors like Wipro, TCS, Infosys, Tech Mahindra, Co-forge and HCL Tech can move up quickly.
The Mid- Cap I.T. Stocks like LTTS, Mastek, Intellect Design, Sonata Software also can be watched keenly for any upwards move in the days to come.
Pharma stocks like Cadila, Glenmark Pharma, Lupin, Divi’s Lab , Dr Reddy’s, Cipla and Sun Pharma are expected to give good returns in the short term.
Cement stocks like Grasim , Shree Cement , Dalmia Bharat ,Ramco Cement are likely to gain from here as the broader market looks to maintain the upwards momentum from Tuesday’s session.
The general Sentiments in the market seemed to have turned bullish. 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 PSU sector and Chemicals Sector,Banking Sector, NBFC Sector , Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Icici Bank, Rbl Bank, HDFC Bank , Indusind Bank, Axis Bank.
#5 NBFC Stocks: IBull Housing, Shriram Transport, Bajaj Finserve, PEL, HDFC LTD.
# 5 Pharma Stocks: Cadila, DrReddy’s, Divi’s Lab, Glenmark Pharma, Sun Pharma.
#5 Information Technology Stocks: LTTS, Tech Mahindra , TCS, HCL TECH, Wipro.
#10 Other Main Stocks to watch out for on this Wednesday Morning in the Indian Equity Markets:
PI Industries, Tata Motors, L&T, Bandhan Bank, Motherson Sumi, India Bulls housing , SBI,Rbl Bank ,Hindalco, M&M.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
19TH MAY March Stock Picks — DLF, KOTAK BANK, MOTHERSON SUMI, TATA POWER.
( Watch YouTube Video Analysis here –https://youtu.be/naHvGwZDwII )
After a Strong day of trading on Tuesday, the view is that the Indian equity Markets will go higher if Fii continues to Buy.
Most Analysts expect the markets to reach 15400-500 levels for the near term.
Best wishes for a Profitable Wednesday in the Indian equity markets!
INDIAN EQUITY MARKETS THIS WEDNESDAY MORNING!
We do conduct Pre-Market Analysis webinars daily in the morning. You can join this live webinar of today through our Facebook Page & Youtube Channel.
Cheerful Trading !!
