{"id":3307,"date":"2021-03-02T22:27:50","date_gmt":"2021-03-02T16:57:50","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3307"},"modified":"2021-03-03T08:08:00","modified_gmt":"2021-03-03T02:38:00","slug":"stock-market-today-6","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/stock-market-today-6\/","title":{"rendered":"Wednesday Stock Market Outlook - 3rd March 2021"},"content":{"rendered":"\n

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

Are we looking at Nifty Thursday expiry being above 15200 Levels ?<\/strong><\/h2>\n\n\n\n

The Tuesday\u2019s  Trading in the Indian equity markets turned out to be more on expected lines with a good gap up opening of nearly 100+ points in the Nifty on the back of strong U.S Market closing.<\/p>\n\n\n\n

The Auto and IT Stocks Helped the bulls to regain some lost ground and the shares did rise for the second straight session on Tuesday.<\/p>\n\n\n\n

The Sensex<\/strong><\/a> managed to cross 50,000 levels again and closed the say strongly towards the end at  50,296 ( 447 +). The Nifty <\/strong><\/a>closed at 14,919 levels( 157+) and the bank nifty was at 35419(+123) at closing bell on Tuesday.  <\/p>\n\n\n\n

Infosys, Wipro, Adani Ports,  Tata Motors, M&M, Hero Motocorp were some of the top gainers whereas  Coal India, ONGC, HDFC, Power Grid India closed the day in red.<\/p>\n\n\n\n

The Strength was visible across the sectors except PSU Bank with Auto & I.T  leading the way.<\/p>\n\n\n\n

The Maritime Submit taking place and many MOU being signed acted as a positive trigger for the Shipping and Port related Sectors with Shipping Corporation of India hitting 20% Circuit.<\/p>\n\n\n\n

Adani Ports, Dredging Corporation, Cochin Shipyards etc were some of the other notable gainers on Tuesday.<\/p>\n\n\n\n

 The US Markets closing will be keenly watched by both the bulls and the bears to decide the direction of Indian equity markets for this weeks Thursday\u2019s expiry,<\/p>\n\n\n\n

Fii\u2019s and Dii\u2019s buy \/sell figures on Tuesday.<\/strong><\/h3>\n\n\n\n

The Foreign institutional investors bought on Tuesday  Rs 2223 Crores whereas Domestic institutional investors sold Rs 854 Crores.<\/p>\n\n\n\n

FII\u2019s buying in such big quantity after the big sell off on Friday is a direction changing trigger for the indian equity markets. <\/p>\n\n\n\n

Cues from U.S. Equity Markets<\/strong><\/h3>\n\n\n\n

The US Stock Market ended in red with the Dow Jones 31,392 (-143.99), NASDAQ 13,359 (-230.04), and S&P 500 Index 3,870 (-31.53).<\/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 is that in the US Markets the bond yields seem to be stabilizing and the Tech Stocks are rebounding to positive territory.<\/p>\n\n\n\n

Analysis for Indian Equity Market for Wednesday.<\/strong><\/h3>\n\n\n\n

Most experts expect the indices to continue the upward movement towards 15200 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 this week\u2019s Thursday expiry.<\/p>\n\n\n\n

Stocks to watch out for this Wednesday in the Indian Equity Markets<\/strong><\/h3>\n\n\n\n

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

The private banks like  Rbl Bank , Indusind Bank, Axis Bank,  Kotak Bank, Federal Bank will Look to  bounce back from the  weakness of Tuesday Markets Session.<\/p>\n\n\n\n

 NBFC\u2019S \u2013 PEL, Bajaj Twins, Shriram Transport Finance too will make upward movements on Wednesday considering the positive sentiments in the markets.<\/p>\n\n\n\n

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

Infosys, Tech Mahindra, TCS, Wipro will be looking to continue their good showing from Tuesday\u2019s session and  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 Divi\u2019s Lab , Lupin,Cipla,  Dr Reddy\u2019s, Divi\u2019s Lab, Sun Pharma, Cadila and Cement stocks like Ambuja Cement , Grasim , Shree Cement are Likely to show strength as the broader market looks to regain from here on towards the Thursday\u2019s Expiry .<\/p>\n\n\n\n

Also Hero Motocoorp,  Tata Motors, Ashok Leyland, Bharat Forge, Bharti Airtel, Maruti, Adani Enterprise, Adani Port, Gujarat Pipava, Shipping Corporation of India, BEL, 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 Wednesday<\/strong><\/h3>\n\n\n\n

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

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

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

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

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

Stocks To Watch out This Wednesday:<\/strong><\/h3>\n\n\n\n

Gujarat Pipava, Shipping corporation of India , Reliance, Bharat Forge, Mahindra and Mahindra,  Tata Motors , Ashok Leyland , Adani Port, Adani Power,Tata Power.  <\/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 LakshmiShree<\/strong> <\/a>in-house Technical Expert Ansul Jain-<\/p>\n\n\n\n

3rd<\/sup> March Stock Picks \u2014<\/strong> <\/h3>\n\n\n\n

Apollo Hospitals, Bata India, Motherson Sumi, PEL.<\/h4>\n\n\n\n

 (Watch YouTube Video Analysis here ---<\/strong> https:\/\/youtu.be\/ICa5tycdPYs<\/strong><\/a>)<\/p>\n\n\n\n

After a day of Strong uptrend on Tuesday, the Trading view is that the Indian equity Markets will be trending upwards and the positive cues from the US Markets will emboldened the Bulls to take this Thursday expiry towards 15200-15400 levels...<\/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 Profitable Wednesday in the Indian equity markets!<\/p>\n\n\n\n

\"Stock-market-today\"
INDIAN EQUITY MARKETS THIS WEDNESDAY MORNING<\/strong><\/figcaption><\/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 Are we looking at Nifty Thursday expiry being above 15200 Levels ? The Tuesday\u2019s  Trading in the Indian equity markets turned out to be more on expected lines with a good gap up opening of nearly 100+ points in the Nifty on the back of strong U.S Market closing. The Auto and […]<\/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-3307","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\/3307","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=3307"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3307\/revisions"}],"predecessor-version":[{"id":3317,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3307\/revisions\/3317"}],"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=3307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}