{"id":3301,"date":"2021-03-01T22:54:01","date_gmt":"2021-03-01T17:24:01","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3301"},"modified":"2021-03-02T08:52:05","modified_gmt":"2021-03-02T03:22:05","slug":"tuesday-stock-market-outlook-2nd-march-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/tuesday-stock-market-outlook-2nd-march-2021\/","title":{"rendered":"Tuesday Stock Market Outlook - 2nd March 2021"},"content":{"rendered":"\n

Stock Market Today<\/h1>\n\n\n\n

Can the Nifty scale above 15000 today ?<\/strong><\/h2>\n\n\n\n

The Monday Trading turned out to be more on expected lines with a good gap up opening of nearly 200 points in the Nifty.<\/p>\n\n\n\n

The indices traded with little volatility throughout the day with enough opportunity to buy on dips being presented at periodic intervals.<\/p>\n\n\n\n

The Dow Jones futures trending upwards was a good support for the Bulls to close the day strongly.<\/p>\n\n\n\n

Finally the Nifty towards the end closed strongly with 14761(+232) whereas the sensex closed at 49849 (+749) and the bank nifty also closed strongly at 35296 (+492).<\/p>\n\n\n\n

The BSE Mid Cap index ended up by 1.5%, and the BSE Small Cap index ended up by 1.6%.<\/p>\n\n\n\n

On the sectoral front, gains were largely seen in the automobile sector, metal sector and power sector. Telecom stocks, on the other hand, witnessed selling pressure.<\/p>\n\n\n\n

The rupee is trading at 73.54 against the US$.<\/p>\n\n\n\n

Some of the Reasons Why Indian Share Markets Rallied This Monday<\/strong><\/h2>\n\n\n\n

US Stimulus Package<\/strong><\/h3>\n\n\n\n

The rebound in global bond markets and developments related to the US stimulus package buoyed markets in India.<\/p>\n\n\n\n

Good GDP Numbers<\/strong><\/h3>\n\n\n\n

Indian share markets also reacted to encouraging Q3 GDP data announced after market hours on Friday.<\/p>\n\n\n\n

India's GDP grew 0.4% in October to December, compared with a revised contraction of 7.3% in July to September.<\/p>\n\n\n\n

The I.T stocks like Infosys which has been underperforming opened strongly on the back of Strong NASDAQ rebound and Other Stocks like HCL Tech, Tech Mahindra too showed positive movements.<\/p>\n\n\n\n

Reliance, Tata Motors, Deepak Nitrate, Gujarat Gas, NFL, RCF, Dredging Corporation, Power Grid, Tata Power, ONGC, Asian Paints, were all up on the back of positive New Flows.<\/p>\n\n\n\n

The Financials like HDFC, SBI, PEL, ICICI BANK also continued to recover from the Friday\u2019s lows.<\/p>\n\n\n\n

The GST Collection Figures of  1.13lac Crores for the 5th<\/sup> Consecutive Month will act as a positive trigger for the Markets on Tuesday.<\/strong><\/p>\n\n\n\n

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

The Foreign institutional investors bought on Friday Rs 125 Crores whereas Domestic institutional investors sold Rs195 Crores.<\/p>\n\n\n\n

FII\u2019s buying even though in small quantity is positive news after a big sell off on Friday. <\/p>\n\n\n\n

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

\u00a0The U.S. Markets closed on Monday with mixed cues as Dow Jones closed in at 31,535.51 (+603.14), S&P at 3901.82 (+90.67) whereas NASDAQ closed in at 13588.83 (+396.48).<\/p>\n\n\n\n

For the coming week, most analysts believe that Indian markets will be volatile with the global markets cues important in deciding the near term direction of the markets.<\/p>\n\n\n\n

One of the relieving factors on Fridays US Markets is that the bond yields seems to be coming down and the Tech Stocks did rebound to close in the Green.<\/p>\n\n\n\n

Analysis for Indian Equity Market for Tuesday<\/strong><\/h2>\n\n\n\n

Most experts expect the indices to continue the upward movement towards 15000 with the Global Cues being positive acting as an important factor in the markets near term direction.<\/p>\n\n\n\n

The Global Markets trading in the positive territory will definitely help nifty scale upwards in the coming days and reach the new highs in March Series expiry.<\/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

The private banks like HDFC Bank, Indusind Bank, Axis Bank, ICICI Bank, Kotak Bank, Federal Bank will continue to bounce back from the lows of last week\u2019s session.<\/p>\n\n\n\n

 NBFC\u2019S - Bajaj Twins, Shriram Transport Finance too will look go up in the coming days after a consolidation day on Monday.<\/p>\n\n\n\n

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

Infosys, Tech Mahindra, TCS, Wipro will be looking to scale up on the back of strong NASDAQ rebound in U.S Markets. The I.T. Majors are expected to make an up move any time and has been testing the patience of most traders and investors.  These stocks can be accumulated at lower levels for substantial gains in the near term.<\/p>\n\n\n\n

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

Pharma stocks like Lupin, Dr Reddy\u2019s, Divi\u2019s Lab, Sun Pharma, Cadila and Cement stocks like ACC, Shree Cement and Grasim are Likely to show strength as the broader market looks to regain lost ground from the last week.<\/p>\n\n\n\n

Also Tata Motors, Ashok Leyland, Bharat Forge, Bharti Airtel, Maruti, Adani Enterprise, Adani Port, is expected to be keenly watched by the traders.<\/p>\n\n\n\n

The general Sentiments in the market seemed to have turned again positive with Bulls sensing an opportunity to scale up towards 15200 for the Thursday expiry.<\/p>\n\n\n\n

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 I.T Sector, Banking Sector, NBFC Sector , Pharma Stocks, FMCG Stocks, and Cement sector Stocks.<\/p>\n\n\n\n

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

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

#5 NBFC Stocks:<\/strong> Bajaj Finance, HDFC LTD, PEL, Mahindra and Mahindra financial, Shriram Transport.<\/p>\n\n\n\n

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

#5 Information Technology Stocks: HCL Tech, <\/strong>TCS, Infosys, Co-Forge, Tech Mahindra.<\/p>\n\n\n\n

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

News:<\/p>\n\n\n\n

The GST Collection Figures of  1.13lac Crores for the 5th<\/sup> Consecutive Month will act as a positive trigger for the Markets on Tuesday.<\/strong><\/p>\n\n\n\n

Stocks To Watch out<\/strong> This Tuesday<\/h2>\n\n\n\n

Reliance, Bharat Forge, Mahindra and Mahindra, Escorts, Tata Motors , Ashok Leyland , Adani Port, Max Financial (life insurance), HDFC Standard Life, Adani Power.  <\/p>\n\n\n\n

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

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

 2nd<\/sup> March Stock Picks \u2014<\/strong> Adani Enterprise, Motherson Sumi, SBIN, and TCS<\/p>\n\n\n\n

(Watch YouTube Video Analysis here \u2013  https:\/\/youtu.be\/2CRDixzbxy4<\/a>)<\/strong><\/p>\n\n\n\n

After a day of uptrend on Monday, the Trading view is that the Indian equity Markets will be trending upwards due to positive cues from the US Markets and the Bulls will sense this as an opportunity to scale above 15000 levels on Tuesday.<\/p>\n\n\n\n

 Most Analysts expect the markets to reach new highs in this March expiry.<\/strong><\/p>\n\n\n\n

Best wishes for a Cheerful Tuesday in the Indian equity markets!<\/p>\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","protected":false},"excerpt":{"rendered":"

Stock Market Today Can the Nifty scale above 15000 today ? The Monday Trading turned out to be more on expected lines with a good gap up opening of nearly 200 points in the Nifty. The indices traded with little volatility throughout the day with enough opportunity to buy on dips being presented at periodic […]<\/p>\n","protected":false},"author":1,"featured_media":3239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[290],"tags":[],"class_list":["post-3301","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\/3301","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=3301"}],"version-history":[{"count":2,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3301\/revisions"}],"predecessor-version":[{"id":3303,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3301\/revisions\/3303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/3239"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=3301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}