{"id":3492,"date":"2021-04-07T21:10:30","date_gmt":"2021-04-07T15:40:30","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3492"},"modified":"2021-04-08T07:18:58","modified_gmt":"2021-04-08T01:48:58","slug":"thursday-stock-market-outlook-8th-april-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/thursday-stock-market-outlook-8th-april-2021\/","title":{"rendered":"Thursday Stock Market Outlook 8th April 2021"},"content":{"rendered":"\n

Stock Market This Thursday Morning<\/strong><\/h2>\n\n\n\n

Will the Weekly expiry happen Above 15000 Nifty Levels on Thursday ?<\/strong><\/h2>\n\n\n\n

The Wednesday trading session belonged to the bulls as the Indian equity markets from the morning itself was showing strength.<\/p>\n\n\n\n

The markets continuously showed momentum towards the upper side and gained once the RBI Meet was over.<\/p>\n\n\n\n

Finally at closing bell, the Nifty ended strongly at 14,819 ( +135) whereas the Sensex closed at  49,661 (+460)<\/p>\n\n\n\n

The Stocks that showed strength on Wednesday trading was SBI , ICICI Bank, Nestle India, IndusInd Bank, M&M, Bajaj Auto and Maruti.<\/p>\n\n\n\n

On the Losing side was Titan , NTPC And HUL.<\/p>\n\n\n\n

Sectorally, buying was seen in auto, banks, telecom, metals and consumer discretionary stocks, while the power index saw mild profit-taking.<\/p>\n\n\n\n

The RBI leaving the Interest rates unchanged and guiding for an accommodative stance will be a positive trigger for the Indian equity markets in the days to come.<\/p>\n\n\n\n

The Financial Sector and the I.T Sectors will be keenly watched by the traders and investors for potential opportunities on Thursday.   <\/p>\n\n\n\n

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

The Foreign institutional investors sold on Wednesday Rs 227 Crores whereas Domestic institutional investors bought Rs 381 Crores.<\/p>\n\n\n\n

FII\u2019s buying is a positive for the markets and the bulls can make a comeback only if the FII\u2019s resume buying in a big way.<\/p>\n\n\n\n

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

The U.S. Markets closed on Wednesday with strong positive cues as Dow Jones closed in at 33,446( +16) , S&P at 4080 (+7 ) whereas NASDAQ closed in at 13689 (-9).<\/p>\n\n\n\n

For the coming week, most analysts believe that Indian markets will be trending upwards if the Foreign institutional investors resume buying and  there is  positive global cues.<\/p>\n\n\n\n

Analysis for Indian Equity Market for Thursday \u2019s Trading<\/strong><\/h2>\n\n\n\n

Most experts expect the indices to continue to be carry from the wednesday's positive sentiments on the weekly expiry day.<\/p>\n\n\n\n

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

There seems to be a possibility of the I.T Sector and Financails going up in the coming days.<\/strong><\/p>\n\n\n\n

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

The private banks like HDFC Bank , Axis Bank, Icici Bank, Federal Bank, Indusind Bank, Kotak Bank, will look to consolidate and move further up from the wednesday\u2019s levels.<\/p>\n\n\n\n

PSU Banks like Canara Bank, Bank of Baroda did see some strength and can be accumulated for decent gains in near future.<\/p>\n\n\n\n

 NBFC\u2019S \u2013 Mahindra and Mahindra Financial Services, PEL, Bajaj Twins, Shriram Transport Finance will under the radar of the traders.<\/p>\n\n\n\n

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

The I.T Majors like Wipro, TCS, Infosys, Tech Mahindra, and HCL Tech are looking relatively strong in anticipation of the results in the coming week.<\/p>\n\n\n\n

Also Tata Motors, Ashok Leyland, Tvs Motors and other Auto Stocks will be in the radar of traders.<\/p>\n\n\n\n

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

Cement stocks like Grasim , Shree Cement , Dalmia Bharat ,Ramco Cement are likely to show strength as the broader market gains positive momentum in the coming days.<\/p>\n\n\n\n

Pharma stocks like Dr Reddy\u2019s, Lupin, Divi\u2019s Lab, Cipla, Sun Pharma, and Cadila are expected to do good in the near term.<\/p>\n\n\n\n

The general Sentiments in the market seemed to have turned positive with traders looking for global cues for taking nifty to 15000 levels this week.<\/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 Pharma, I.T Sector, Banking Sector, NBFC Sector , FMCG Stocks, and Cement sector Stocks.<\/p>\n\n\n\n

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

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

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

# 5 Pharma Stocks: <\/strong> Lupin, lauras Labs, DrReddy\u2019s, Divi\u2019s Lab, Sun Pharma.<\/p>\n\n\n\n

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

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

Escorts, Eicher Motors,Jindal Steel, Wipro, Ultratech , Aarti Durgs , Deepak Nitrate, Graphite, Tata Motors, Ashok Leyland, Adani Power.<\/p>\n\n\n\n

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

After a weak trading day on Wednesday, the view in the Indian equity Markets is that Positive Global Cues will help the Bulls to regain the momentum in the coming days.<\/p>\n\n\n\n

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

8th APRIL Stock Picks \u2014  EICHER MOTORS , ESCORTS , JINDAL STEEL & TATA MOTORS.<\/strong><\/p>\n\n\n\n

 ( Watch YouTube Video Analysis here\u2013 https:\/\/youtu.be\/X7sBth5T8g8<\/a> )<\/strong><\/p>\n\n\n\n

The cues from the US Markets will decide the direction that the markets takes in the coming days.<\/p>\n\n\n\n

The positive cues from the US Markets will help the bulls to take the markets upwards towards 15000 levels . If there is positive cues from U.S Global Markets, Then the weekly expiry can happen around 14900 -15000 Nifty levels.<\/p>\n\n\n\n

Best wishes for a Cheerful Thursday in the Indian equity markets!<\/strong><\/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":"

Stock Market This Thursday Morning Will the Weekly expiry happen Above 15000 Nifty Levels on Thursday ? The Wednesday trading session belonged to the bulls as the Indian equity markets from the morning itself was showing strength. The markets continuously showed momentum towards the upper side and gained once the RBI Meet was over. Finally […]<\/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-3492","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\/3492","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=3492"}],"version-history":[{"count":4,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3492\/revisions"}],"predecessor-version":[{"id":3497,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3492\/revisions\/3497"}],"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=3492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}