{"id":3228,"date":"2021-02-03T09:12:25","date_gmt":"2021-02-03T03:42:25","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3228"},"modified":"2021-02-03T09:12:28","modified_gmt":"2021-02-03T03:42:28","slug":"wednesday-stock-market-outlook-3rd-february-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/wednesday-stock-market-outlook-3rd-february-2021\/","title":{"rendered":"Wednesday Stock Market Outlook - 3rd February 2021"},"content":{"rendered":"\n

What to expect from the Indian Equity Markets This Wednesday!<\/h1>\n\n\n\n

Will Nifty finally reach 15000 levels this week? <\/strong><\/h2>\n\n\n\n

As mentioned on Tuesday's Pre-Market<\/strong><\/a> Post here, the Indian equity market opened a gap up on the basis of Budget day\u2019s Momentum and global positive sentiments. Now it is to be seen whether Nifty finally reaches 15000 levels this week or no.<\/p>\n\n\n\n

On Tuesday, the Auto and Cement sector was the top sectors with Tata Motors, Ashok Leyland, M&M, Escorts, Shree Cement, Ambuja Cement, Ultratech, Grasim, etc all showing gains of anywhere between 5% to 15%.<\/p>\n\n\n\n

Reliance did show some strength after 2.30 pm and closed strongly towards the end at 1924 levels.<\/p>\n\n\n\n

The Banks and NBFC did show some strength with HDFC LTD, HDFC Bank, Federal Bank, Bajaj Finance, SBI, etc closing with gains.<\/p>\n\n\n\n

The I.T. Sector started to move up with Mastek, Infosys, and Tech Mahindra showing positive ticks towards the Closing. <\/p>\n\n\n\n

The Indian Equity Markets Finally ended towards the higher end with Nifty<\/strong><\/a> closing at 14647 (+366), Sensex<\/strong><\/a> closing at 49,797(+1197), and Bank Nifty with a Record single-day gain at 34267 (+1178).<\/p>\n\n\n\n

Analysis for Indian equity Market for this Wednesday<\/strong><\/h2>\n\n\n\n

Most experts expect the indices to take the momentum forward from Tuesday\u2019s trading and move towards the 15000 nifty levels in the near term. The Global Markets trading in the positive territory with assisting the Nifty reaching 15000 levels.<\/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 6181 Crores whereas Domestic institutional investors sold Rs 2035 Crores. <\/p>\n\n\n\n

FII\u2019s buying in such a huge quantity will be a big positive for Nifty to reach 15000 levels.<\/strong><\/p>\n\n\n\n

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

\u00a0The U.S. Markets closed positively on Tuesday with Dow Jones closing at 30,687(+475), S&P closing at 3826(+52), and NASDAQ closing at 13612(+209).\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 Wednesday in the Indian Equity Markets<\/strong><\/h2>\n\n\n\n

Banking and Financial Sector<\/strong><\/h3>\n\n\n\n

HDFC Bank, SBI, Axis Bank, Federal, and ICICI Bank will continue to be in limelight and expected to do well on Wednesday.<\/p>\n\n\n\n

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

The Insurance sector Stocks will be keenly watched as the market seems to be disappointed as there was no exemption benefit in the budget and this leads to a selloff in Insurance Stocks.<\/p>\n\n\n\n

\u00a0NBFC\u2019S - Bajaj Twins, Shriram Transport Finance too will go up after the strength shown on Yesterday\u2019s trading.<\/p>\n\n\n\n

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

Infosys, TCS, HCL Tech, Tech Mahindra can be expected to go up anytime during this week.<\/p>\n\n\n\n

Pharma and Cement stocks\u00a0\u00a0<\/strong><\/h3>\n\n\n\n

Pharma stocks like Divi\u2019s Lab, Sun Pharma, Cadila, and Cement stocks like ACC and Grasim had shown tremendous strength on Tuesday and is expected to continue with positive gains.<\/p>\n\n\n\n

Also, Bharti, Maruti, Bharat Forge, PEL, Adani Enterprise, Adani Port, is expected to be keenly watched by the traders.<\/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

This Wednesday - The Stocks to watch out for in the Indian equity markets<\/strong><\/h3>\n\n\n\n

The Banking Sector, NBFC Sector I.T Stocks, Pharma Stocks, FMCG Stocks, and Cement sector Stocks will be the ones to be followed on Wednesday.<\/p>\n\n\n\n

Keep these stocks under your radar for Trading and investments on Wednesday.<\/strong><\/p>\n\n\n\n

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

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

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

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

Reliance, PEL, Asian Paints, Lal Path Labs, Maruti, Bharat Forge, Tata Motors, Ashok Leyland, Adani Port, Grasim, Bharti Airtel.\u00a0<\/p>\n\n\n\n

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

It is now anticipated by most analysts that Nifty will finally reach 15000 levels this week.<\/p>\n\n\n\n

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

Stocks to Watch for Trading from Lakshmihree in-house Technical Expert Ansul Jain-<\/strong><\/p>\n\n\n\n

3<\/strong>RD<\/sup><\/strong> February Picks--- Reliance, PEL, Lal Path Lab & Asian Paints.<\/strong><\/p>\n\n\n\n

(Watch YouTube Video Analysis here - <\/strong>Https:\/\/youtu.be\/5UmG6MOwP3U<\/strong><\/a>)<\/strong><\/p>\n\n\n\n

After such positive Sentiments generated by Budget, the Trading view is that the Indian equity Markets will be trying to reach the 15000 Nifty Levels this week itself.<\/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":"

What to expect from the Indian Equity Markets This Wednesday! Will Nifty finally reach 15000 levels this week?  As mentioned on Tuesday's Pre-Market Post here, the Indian equity market opened a gap up on the basis of Budget day\u2019s Momentum and global positive sentiments. Now it is to be seen whether Nifty finally reaches 15000 […]<\/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-3228","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\/3228","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=3228"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3228\/revisions"}],"predecessor-version":[{"id":3229,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3228\/revisions\/3229"}],"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=3228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}