{"id":3809,"date":"2021-07-01T21:14:34","date_gmt":"2021-07-01T15:44:34","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3809"},"modified":"2021-07-01T22:34:13","modified_gmt":"2021-07-01T17:04:13","slug":"friday-stock-market-outlook-2nd-july-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/friday-stock-market-outlook-2nd-july-2021\/","title":{"rendered":"Friday Stock Market Outlook 2nd July 2021"},"content":{"rendered":"\n
Will Bulls be able to move upwards of 16000 soon ?<\/h2>\n\n\n\n
The Indian Equity Markets opened down up in the early morning session. Then the Nifty did consolidate in a tight range throughout the trading day and finally ended the day in red on the back of profit booking at higher levels.<\/p>\n\n\n\n
Bajaj Finserv, Infosys, Tech Mahindra, UltraTech Cement, and IndusInd Bank were among the main losers in Thursday\u2019s trading session.<\/p>\n\n\n\n
On the other hand, Dr Reddy's, Bajaj Auto, Sun Pharma, Asian Paints and NTPC closed in the Green.<\/p>\n\n\n\n
The Indian equity markets remained range-bound like the rest of the days of this week.The Auto, pharma and FMCG stocks showed some strength while profit-booking was seen in financials and IT space.<\/p>\n\n\n\n
Sector Rotation seems to be happening as investors look to book profit at higher levels.<\/p>\n\n\n\n
Good June month numbers from the automobile companies aided auto index to see sharp rebound on Thursday\u2019s expiry day trading.<\/p>\n\n\n\n
Finally at Closing Bell on Thursday's volatile trading session, the Nifty ended at 15,680(-41) whereas the Sensex ended at 52,318(-164).<\/p>\n\n\n\n
Most Analysts believe that the weak cues from global markets and lack of buying from the FII\u2019s is stopping the Nifty from scaling above 16000 levels.<\/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 Sold on Thursday Rs 1245 Crores whereas Domestic institutional investors bought Rs 880 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 side ways trending on the last trading day of the week.<\/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 on friday.<\/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 Rbl, ICICI Bank, Federal Bank, Kotak Bank, Axis Bank, HDFC Bank will look to move further up.<\/p>\n\n\n\n
NBFC\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 TCS, Infosys, L& T Infotech, Mastek are Likely to gain if the global markets remain positive.<\/p>\n\n\n\n
The general Sentiments in the market seemed to have turned sideways.<\/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
Maruti, Tata Motors, Ashok Leyland, are expected to regain the positive up move in the near term on the back of strong june auto numbers.<\/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> Bajaj Finance, HDFC LTD, Mahindra and Mahindra financial, India bulls Housing Finance, PEL.<\/p>\n\n\n\n
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