{"id":3671,"date":"2021-06-02T21:35:02","date_gmt":"2021-06-02T16:05:02","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3671"},"modified":"2021-06-02T22:11:03","modified_gmt":"2021-06-02T16:41:03","slug":"thursday-stock-market-outlook-3rd-june-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/thursday-stock-market-outlook-3rd-june-2021\/","title":{"rendered":"Thursday Stock Market Outlook 3rd June 2021"},"content":{"rendered":"\n

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

Will the Monthly expiry happen around 15600-15700 nifty levels this Thursday?<\/strong><\/h2>\n\n\n\n

The Indian Equity Markets opened flatish and did slide marginally lower in the early morning session. Then the benchmark consolidated throughout the mid-afternoon. Towards the closing bell, some late buying did allow the Nifty to end the day from where it started in the morning.<\/p>\n\n\n\n

IndusInd Bank, PowerGrid, Reliance Industries, Bajaj Auto and Maruti were the ones which helped nifty closing strongly towards the closing bell.<\/p>\n\n\n\n

ITC ,Tech Mahindra, Axis Bank, Asian Paints, TCS, HCL Tech, HDFC and Kotak Bank were the main losers in Wednesdays trading session.<\/p>\n\n\n\n

Finally at Closing Bell, the Nifty ended at 15,576(+1) whereas the Sensex ended at 51,849(-85).<\/p>\n\n\n\n

The Wednesdays trading session was volatile due to the nervousness before the MPC policy meet on 4th June.<\/p>\n\n\n\n

During the most part of the trading day, selling was seen in financials, IT and FMCG stocks even though they managed to recover towards the closing bell.<\/p>\n\n\n\n

The outlook for the coming days has turned bullish with volatility expected on account of the possibility of the expiry-related pressures 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 bought on Wednesday Rs 921 Crores while the Domestic institutional investors bought Rs 241 Crores.<\/p>\n\n\n\n

FII\u2019s starting to buy in a big way will help the bulls to make a move towards 15700 nifty levels.<\/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 positive with the expiry expected at 15600-15700 Nifty levels.<\/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 Banking, I.T., Pharma Sector, going up in the coming days.<\/strong><\/p>\n\n\n\n

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

PSU Banks like SBI, Canara Bank, Bank of Baroda can be accumulated in SIP manner for decent gains in near future.<\/p>\n\n\n\n

The private banks like RBL Bank, Axis Bank, HDFC Bank, Icici Bank, Federal Bank, Indusind Bank will move up in case of any positive triggers.<\/p>\n\n\n\n

 NBFC\u2019S \u2013India Bulls Housing Finance, 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 are looking to bounce back in the coming days. Mid-cap I.T stocks had a subdued day on wednesday and are likely to continue to regain some strength n Thursday.<\/p>\n\n\n\n

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

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

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

Cement stocks like Grasim , Shree Cement , Dalmia Bharat ,Ramco Cement are likely to show strength in the short term.<\/p>\n\n\n\n

The market seemed to have turned bullish with traders looking for positive local cues for taking nifty upwards to 15700-15800 levels..<\/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, Banking, I.T Sector, 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> RBL Bank, Icici Bank ,  Federal Bank , Indusind Bank, Kotak Bank. <\/p>\n\n\n\n

#5 NBFC Stocks:<\/strong> India Bulls Housing Finance, Bajaj Finserve, Bajaj Finance, HDFC LTD, PEL.<\/p>\n\n\n\n

# 5 Pharma Stocks: <\/strong> Lauras Labs, Cadila, Cipla, Dr Reddy\u2019s, Sun Pharma.<\/p>\n\n\n\n

#5 Information Technology Stocks: <\/strong> Mastek, HCL Tech, Infosys, 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

Deepak Nitrate ,Vedanta, JSW Steel, Reliance, Tata Motors, ,Graphite, Eicher Motors, Hindalco, India Bulls Housing LTD, M&M..<\/p>\n\n\n\n

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

The view in the Indian equity Markets is that the volatility in the markets will remain due to expiry.<\/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

3rd June Stock Picks<\/strong>\u00a0\u2014\u00a0India Bulls Housing Finance, JSW Steel, M&M, M&M Finance.<\/p>\n\n\n\n

\u00a0( Watch YouTube Video Analysis here\u2013https:\/\/youtu.be\/z1a1GdxsQ4Y\u00a0<\/a><\/strong>)<\/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 Monthly expiry happen around 15600-15700 nifty levels this Thursday? The Indian Equity Markets opened flatish and did slide marginally lower in the early morning session. Then the benchmark consolidated throughout the mid-afternoon. Towards the closing bell, some late buying did allow the Nifty to end the day from […]<\/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-3671","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\/3671","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=3671"}],"version-history":[{"count":2,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3671\/revisions"}],"predecessor-version":[{"id":3673,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3671\/revisions\/3673"}],"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=3671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}