{"id":3678,"date":"2021-06-07T20:28:23","date_gmt":"2021-06-07T14:58:23","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3678"},"modified":"2021-06-07T20:41:31","modified_gmt":"2021-06-07T15:11:31","slug":"tuesday-stock-market-outlook-8th-june-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/tuesday-stock-market-outlook-8th-june-2021\/","title":{"rendered":"Tuesday Stock Market Outlook \u2013 8th June 2021"},"content":{"rendered":"\n

Stock Market Today This Tuesday Morning<\/strong><\/h2>\n\n\n\n

Can the Nifty Scale higher towards 16000 levels this Weekly expiry?<\/strong><\/h2>\n\n\n\n

The Indian Equity Markets opened gap up in the early morning session. Then the Nifty did consolidate and slowly moved upwards during the day. <\/p>\n\n\n\n

The Nifty did end at an all-time highest ever closing in the Indian Equity Markets.  <\/p>\n\n\n\n

PowerGrid, NTPC, UltraTech Cement, Tech Mahindra, Reliance Industries and IndusInd Bank were the main gainers.<\/p>\n\n\n\n

On the other hand, Bajaj Finance, Bajaj Finserv, HDFC, Dr Reddy's, SBI and ONGC were among the losers.<\/p>\n\n\n\n

Most Analysts  believe that the Indian Equity markets will move upwards on the basis of  risk sentiment improving as multiple states have started to ease COVID-19 restrictions amid falling cases.<\/p>\n\n\n\n

Another factor  was the sharp recovery in the rupee which added to the momentum with I.T Sector coming back to limelight.<\/p>\n\n\n\n

Good buying was seen  in energy, IT and bank stocks in Monday\u2019s afternoon trading session.<\/p>\n\n\n\n

Finally at Closing Bell, the Nifty ended at 15,751(+81) whereas the Sensex ended at 52,328(+228).<\/p>\n\n\n\n

Most Analysts believe that the rise in heavyweights supported the rally and sectors like metal, private banks, and energy witnessed maximum gains in anticipation of better economic growth.<\/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 Sold Rs 186Crores whereas Domestic institutional investors bought Sold Rs 983 Crores.<\/p>\n\n\n\n

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

Most experts believe that the Indian equity markets will continue to be trend upwards and move towards the all-time high during this week.<\/p>\n\n\n\n

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

There seems to be a possibility of the I.T, Banks, Pharma, Power, OMC, and the defensive stocks doing well in the coming days.<\/strong><\/p>\n\n\n\n

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

NBFC\u2019S \u2013 PEL, Bajaj Twins, Shriram Transport Finance will give good opportunity to buy on dips.<\/p>\n\n\n\n

Financials & Private banks like RBL Bank, Axis Bank, Icici Bank, Bandhan Bank, Indusind Bank, Kotak Bank, HDFC Bank will look to move upwards from hereon.<\/p>\n\n\n\n

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

I.T Majors like Co-forge, Wipro, Infosys, Tech Mahindra, Mastek, and HCL Tech are bound to gain in the coming days.<\/p>\n\n\n\n

Major I.T. Companies can be accumulated for a decent upside.<\/p>\n\n\n\n

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

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

Cement stocks like Grasim, Dalmia Bharat, Ramco Cement are likely to show strength.<\/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 Banking Sector, I.T. Sector, OMC 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> Axis Bank, HDFC Bank, Bank of Baroda, ICICI Bank, Canara Bank. <\/p>\n\n\n\n

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

# 5 Pharma Stocks: <\/strong>Cadial, Divi\u2019s Lab, Cipla, Glenmark Pharma, Dr. Reddy\u2019s.<\/p>\n\n\n\n

#5 Information Technology Stocks: <\/strong>LTTS, TCS,  Mastek, Co- Forge, Infosys.<\/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

PI Industry, Axis Bank, Indusind bank, M&M Financial, Bharti Airtel, Chola Finance, Zee Ltd, Deepak Nitrate, Tata Motors, Graphite.  <\/p>\n\n\n\n

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

#Stocks to Watch for Trading from LakshmiShree <\/a>in-house Technical Expert Ansul Jain-<\/strong> \u2014 <\/strong><\/p>\n\n\n\n

8th June Stock Picks<\/strong>\u2013\u2013<\/strong>Cadila, \u00a0HDFC BANK, IDFC FIRST BANK, LUPIN , SUN PHARMA, M&M<\/p>\n\n\n\n

( Watch YouTube Video Analysis here \u2013<\/strong>https:\/\/youtu.be\/w57ftwrfe4s<\/a>)<\/p>\n\n\n\n

The view is that for the Indian equity Markets the bulls will need strong buying from Fii\u2019s to move upwards towards 16000 Nifty Levels.<\/p>\n\n\n\n

INDIAN EQUITY MARKETS THIS TUESDAY MORNING!<\/strong><\/p>\n\n\n\n

Best wishes for a Cheerful Tuesday 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 on our Facebook Page<\/strong><\/a> & Youtube Channel<\/strong><\/a>.<\/p>\n\n\n\n

Cheerful Trading !!<\/p>\n","protected":false},"excerpt":{"rendered":"

Stock Market Today This Tuesday Morning Can the Nifty Scale higher towards 16000 levels this Weekly expiry? The Indian Equity Markets opened gap up in the early morning session. Then the Nifty did consolidate and slowly moved upwards during the day. The Nifty did end at an all-time highest ever closing in the Indian Equity […]<\/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-3678","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\/3678","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=3678"}],"version-history":[{"count":2,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3678\/revisions"}],"predecessor-version":[{"id":3680,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3678\/revisions\/3680"}],"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=3678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}