The Indian Equity Markets on Tuesday opened strongly in the green early morning itself. The bulls took full control of the day on the back of good GST numbers. It was a positively trending day of trading on Tuesday's Historial session in the Indian equity markets.
Titan, HDFC, Nestle India, IndusInd Bank, UltraTech Cement, and Bharti Airtel were the main gainers in trade on a historic day closing in Indian equity markets.
On the other hand, Bajaj Auto, Tata Steel, and NTPC were some of the few losers in trade.
After starting the day in the positive zone, The did move further upwards throughout the day and finally ended up strongly at the closing bell at 16130(+245) levels whereas the Sensex closed at 53,823(+872)levels.
The Bulls seemed to have finally gained enough ammunition to scale the big barrier of 16,000 mark on the back of positive news flow on GST and export data.
Most analysts feel that apart from financials, the June quarter earnings so far have been encouraging and most companies succeeded to beat consensus estimates.
The Market Experts feel that the Bulls have regained enough strength to scale above 16000 and higher for the August series.
The Foreign institutional investors Bought on Tuesday Rs 2116 Crores whereas Domestic institutional investors Sold Rs 298 Crores.
The FII’s have resumed buying in a big way and this is a big positive for the up move in the markets. Most analysts are expecting the markets to now trend upwards to 16500 nifty levels in the August Series.
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 strongly to higher levels.
The I.T, 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 be under the radar of the traders.
Private banks like 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, Mphasis, TCS, HCL TECH, Tech Mahindra, Wipro, Co-forge, and Mastek is likely to move up quickly in the coming days.
The other 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 Sun Pharma, Cipla, Wockhardt, Cadila, Glenmark Pharma, Lupin, Divi’s Lab, Dr. Reddy’s, SPARC, are expected to do well.
The general Sentiments continue to be positive 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: Axis Bank, Indusind Bank, Icici Bank, Federal Bank, Canara Bank.
#5 NBFC Stocks: PEL, Shriram Transport, India Bulls Housing Finance, HDFC LTD, Bajaj Finance.
# 5 Pharma Stocks: Lupin, Divi’s Lab, Cadila, Glenmark Pharma, Sun Pharma.
#5 Information Technology Stocks: Mphasis, LTI, LTTS, Mastek, Tech Mahindra.
#10 Other Main Stocks to watch out for on this Wednesday Morning in the Indian Equity Markets:
Motherson Sumi, JSW Steel, ISGEC Heavy Engineering, Mastek, Gabriel India, Bandhan Bank, Godrej agrovet, SBI, Gujarat Alkalies, Sail.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
4th August Stock Picks — Bajaj Finance, Bajaj Finserve, Jindal Steel, Kotak Bank, Motherson Sumi.
( Watch YouTube Video Analysis here – https://youtu.be/Bf1Wm4Ss3DY )
After a Positively Trending day of trading on Tuesday, the view is that the Indian equity markets will go higher from here on for the August Series.
Most Analysts expect the markets to reach 16400--16500 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!
