{"id":3674,"date":"2021-06-03T21:34:47","date_gmt":"2021-06-03T16:04:47","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3674"},"modified":"2021-06-03T21:34:49","modified_gmt":"2021-06-03T16:04:49","slug":"friday-stock-market-outlook-4th-june-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/friday-stock-market-outlook-4th-june-2021\/","title":{"rendered":"Friday Stock Market Outlook 4th June 2021"},"content":{"rendered":"\n
Will Friday be a day of Profit Booking in the Indian Equity Markets? <\/h2>\n\n\n\n
The Indian Equity Markets opened gap up in the early morning session.Then the Nifty\u00a0did slide marginally lower during the day.<\/p>\n\n\n\n
The Nifty bounced back strongly towards the end to close at an all-time high closing ever on Thursday expiry trading day.<\/p>\n\n\n\n
Titan, ONGC, L&T, Kotak Bank, Axis Bank, Bajaj Finance, and HDFC Bank were the gainers on Thursday's expiry day session.<\/p>\n\n\n\n
IndusInd Bank, PowerGrid, Bajaj Auto, M&M and Dr Reddy's were among the Losers in a day of trading in a very narrow range.<\/p>\n\n\n\n
Finally at Closing Bell, the Nifty ended at 15,690(+114) whereas the Sensex ened at 52,232(+382).<\/p>\n\n\n\n
The financial stocks did show good strength throughout the day The Realty,\u00a0 FMCG, and metals Sectors too contributed positively in Thursday\u2019s expiry day highest every closing<\/p>\n\n\n\n
Some of the IT, pharma, and auto Stocks did see some weakness. The action in midcap and small-cap stocks continued from the last few days of trading.<\/p>\n\n\n\n
This is the Highest every closing for Nifty in the Indian equity markets.<\/p>\n\n\n\n
Most analysts are of the view a declining trend in COVID-19 cases in the country has shored up investor confidence.<\/p>\n\n\n\n
Fii\u2019s and Dii\u2019s buy \/sell figures on Thursday<\/strong><\/h2>\n\n\n\n
The Foreign institutional investors bought on Thursday Rs 1079 Crores whereas Domestic institutional investors sold Rs 278 Crores.<\/p>\n\n\n\n
Analysis for Indian Equity Market for Friday\u2019s Trading<\/strong><\/h2>\n\n\n\n
Most experts expect the indices to continue to be upward trending with support from global sentiments.<\/p>\n\n\n\n
Normally most traders look to book profits on the last day of the week and go with fewer trades for the next week.<\/p>\n\n\n\n
The second half of the session can be volatile trading session.<\/p>\n\n\n\n
Stocks to watch out for this Friday in the Indian Equity Markets-<\/strong><\/h2>\n\n\n\n
There seems to be Sector rotation happening with Metals, I.T Sector, Banking, and Financials Stocks gaining for the last few days.<\/strong><\/p>\n\n\n\n
Pharma stocks<\/strong><\/h3>\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
Banking and Financial Sector<\/strong><\/h3>\n\n\n\n
The private banks like ICICI Bank, Federal Bank, Kotak Bank, Axis Bank, HDFC Bank will look to move further up.<\/p>\n\n\n\n
\u00a0NBFC\u2019S \u2013 Bajaj Finance , PEL, Bajaj Finserve, India bulls housing finance will be looking to move upwards.<\/p>\n\n\n\n
Technology Sector<\/strong><\/h3>\n\n\n\n
The I.T Majors like Wipro, TCS, Infosys, L& T Infotech, are Likely to gain if the global markets remain positive.<\/p>\n\n\n\n
Also Tata Motors, Ashok Leyland, Maruti, are expected to regain the positive up move in the near term.<\/p>\n\n\n\n
The general Sentiments in the market seemed to have turned Bullish.<\/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 Financials, I.T 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 Friday<\/strong><\/h3>\n\n\n\n
# 5 Banking Stocks:<\/strong> HDFC Bank, Federal Bank, Icici Bank, RBL Bank, Axis Bank. <\/p>\n\n\n\n
#5 NBFC Stocks:<\/strong>\u00a0Bajaj Finance, HDFC LTD,\u00a0Mahindra and Mahindra financial, India bulls Housing Finance, PEL.<\/p>\n\n\n\n
#5 Information Technology Stocks:\u00a0\u00a0<\/strong>Wipro, Coforge, Infosys, Mastek, LTTS.<\/p>\n\n\n\n
#10 Other Main Stocks to watch out<\/strong> for on this Friday Morning in the Indian Equity Markets:<\/p>\n\n\n\n
PI Industries , Motherson Sumi, Dr Reddy\u2019s, Maruti, Bajaj Finserve, Deepak Nitrate, Apollo Tyres, Bandhan Bank, Coforge, Tata Motors. <\/p>\n\n\n\n
Trading View for Indian equity markets this Friday<\/strong><\/h2>\n\n\n\n
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