{"id":3226,"date":"2021-02-02T09:41:18","date_gmt":"2021-02-02T04:11:18","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3226"},"modified":"2021-02-02T09:41:20","modified_gmt":"2021-02-02T04:11:20","slug":"tuesday-stock-market-outlook-2nd-february-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/tuesday-stock-market-outlook-2nd-february-2021\/","title":{"rendered":"Tuesday Stock Market Outlook - 2nd February 2021"},"content":{"rendered":"\n

Indian Equity Markets after a historic Budget Day!<\/h1>\n\n\n\n

Historic Budget Day in Indian Equity Markets! What\u2019s Next -15000 Nifty? <\/strong><\/h2>\n\n\n\n

It was a Historic Budget Day in the Indian Equity Market. It was a record Breaking day with Bank nifty going up nearly 9% and with it carrying the Nifty too to higher levels. As mentioned on Monday Pre-Budget Post, It turned out to be a cheerful day for most investors in the Indian equity markets.<\/p>\n\n\n\n

The Banks and NBFC was the Sector of the day with Indus bank (+14%), ICICI Bank (+11%), Axis Bank (+7%), HDFC Ltd (+8%), Bajaj Finance (+6 %), Bajaj Finserve (+12%) and many others making tremendous gains.<\/p>\n\n\n\n

The Auto Sector too was showing strength with the Scrappage Policy announcements with M&M, Ashok Leyland, Tata Motors, Escorts all gaining more than 6 % to 12%.<\/p>\n\n\n\n

The I.T. Sector Was Subdued and marginally gained in the Range of 1-3% except for Tata Elixsi which was up 10%.<\/p>\n\n\n\n

The Indian Equity Markets Finally ended towards the Higher-end with Nifty<\/a> <\/strong>closing at 14281 (+646) Sensex<\/strong><\/a> closing at\u00a0 48,600(+2314) and Bank Nifty with a Record single-day gain at 33,089 (+2523).<\/p>\n\n\n\n

Analysis for Indian Equity Market for Tuesday\u2014The Day after the Historic Budge<\/strong>t<\/h2>\n\n\n\n

Most experts expect the indices to take the momentum forward from the Budget day trading and move towards the 15000 nifty levels in the near term. The Global Markets trading in the positive territory with help nifty scale up 15000 levels sooner than most expected.<\/p>\n\n\n\n

Fii\u2019s and Dii\u2019s buy \/sell figures for Monday<\/strong><\/h2>\n\n\n\n

The Foreign institutional investors bought on Monday nearly Rs 1494 Crores whereas Domestic institutional investors sold Rs 94 Crores. <\/p>\n\n\n\n

FII\u2019s continuing to buy will be the key to the markets upwards movement in the near term.  <\/p>\n\n\n\n

Cues from U.S. Equity Markets<\/strong><\/h2>\n\n\n\n

\u00a0The U.S. Markets closed positively on Monday with Dow Jones closing at 30,211(+229), S&P closing at 3,773(+59), and NASDAQ closing at 13,403(+332).\u00a0<\/p>\n\n\n\n

Many analysts believe that Indian markets will keep trading higher this week unless there are negative global cues during the week.\u00a0<\/p>\n\n\n\n

Stocks to watch out for this Tuesday in the Indian Equity Markets<\/strong><\/h2>\n\n\n\n

Banking and financial sector<\/strong><\/h3>\n\n\n\n

IndusInd Bank, SBI, Bank of Baroda, Axis Bank, Hdfc Bank, and ICICI Bank will continue to be in limelight and expected to do well on Tuesday.<\/p>\n\n\n\n

Some of the other stocks which can be active on Tuesday are the PSU banks like SBI, Bank of Baroda, and PNB, Canara Bank, etc.<\/p>\n\n\n\n

The Insurance sector stocks HDFC standard life and Max financial services will be keenly watched as the 74 % FDI news will act as a Positive trigger.\u00a0<\/p>\n\n\n\n

 NBFC\u2019S - Bajaj Twins, Shriram Transport Finance too will look go up after the strength shown on Budget day trading.<\/p>\n\n\n\n

Technology Sector<\/strong><\/h3>\n\n\n\n

Infosys, TCS was subdued and can be expected to go up anytime during this week.<\/p>\n\n\n\n

Pharma and Cement stocks<\/strong><\/h3>\n\n\n\n

Pharma stocks like Divi\u2019s Lab, Sun Pharma, Cadila, and Cement stocks like ACC, and Grasim are likely to show strength as the broader market looks to regain lost ground.<\/p>\n\n\n\n

Also Bharat Forge, Bharti Airtel, Maruti, Adani Enterprise, Adani Port, is expected to be keenly watched by the traders after such a historic Budget.   <\/p>\n\n\n\n

The general Sentiments in the market seem to have turned Bullish and the Budget seems to have set the tone for the near term in the Indian equity markets. <\/p>\n\n\n\n

After the Historic Budget Day - The Stocks to watch out for in the Indian Equity Markets<\/strong><\/h2>\n\n\n\n

The stocks to keep an eye on in the Indian equity markets will be the Banking Sector, NBFC Sector I.T Stocks, Pharma Stocks, FMCG Stocks, and Cement sector Stocks.<\/p>\n\n\n\n

Keep these stocks under your radar for Trading and investments on Friday<\/strong><\/h2>\n\n\n\n

#5 Information Technology Stocks: HCL Tech , TCS, Infosys, Tech Mahindra, L&T Technology.<\/strong><\/p>\n\n\n\n

# 5 Banking Stocks: Axis Bank, HDFC Bank, ICICI Bank, Federal Bank, Indusind Bank.<\/strong><\/p>\n\n\n\n

#5 NBFC Stocks: Bajaj Finance, Bajaj Fin serves, HDFC Ltd, Mahindra, and Mahindra Financial, Shriram Transport.<\/strong><\/p>\n\n\n\n

# 5 Pharma Stocks<\/strong>:\u00a0Sun Pharma, Dr. Reddy\u2019s, Divi\u2019s Lab, Cadila, Lupin<\/p>\n\n\n\n

#10 Other Main Stocks to watch out for on this Friday Morning in the Indian Equity Markets<\/strong><\/p>\n\n\n\n

Maruti, Tata Motors, Ashok Leyland, Reliance, Adani Port, Grasim, Bharti Airtel, HDFC Standard Life,\u00a0Bharat Forge, Tata Elixsi.\u00a0<\/p>\n\n\n\n

Analysts are guiding a super week for the Indian equity markets on the basis of a favorable Budget on Monday.<\/p>\n\n\n\n

It will be interesting to watch if the Nifty manages to move towards 15000 levels in the coming days.\u00a0<\/p>\n\n\n\n

Trading View for Indian equity markets this Tuesday<\/strong><\/h2>\n\n\n\n

\u00a0To sum up, after such a Historic Budget Day,<\/strong><\/a> the Trading view is that the Indian equity Markets will be trying to keep up the momentum on the higher side and scale the 15000 Nifty Levels soon.<\/p>\n\n\n\n

Best wishes for a Cheerful Day in the Indian equity markets!<\/p>\n\n\n\n

Stock To Watch Today<\/h2>\n\n\n\n
\"Markets<\/figure>\n\n\n\n

We do conduct Pre-Market Analysis webinars daily in the morning. You can join this live webinar of today through our Facebook Page<\/strong><\/a> & Youtube Channel<\/strong><\/a>.<\/p>\n\n\n\n

Cheerful Trading !!<\/p>\n","protected":false},"excerpt":{"rendered":"

Indian Equity Markets after a historic Budget Day! Historic Budget Day in Indian Equity Markets! What\u2019s Next -15000 Nifty?  It was a Historic Budget Day in the Indian Equity Market. It was a record Breaking day with Bank nifty going up nearly 9% and with it carrying the Nifty too to higher levels. As mentioned […]<\/p>\n","protected":false},"author":1,"featured_media":3173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[290],"tags":[],"class_list":["post-3226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-stock-market-outlook"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=3226"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3226\/revisions"}],"predecessor-version":[{"id":3227,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3226\/revisions\/3227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/3173"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=3226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}