{"id":3990,"date":"2021-09-01T22:38:45","date_gmt":"2021-09-01T17:08:45","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3990"},"modified":"2021-09-01T22:44:01","modified_gmt":"2021-09-01T17:14:01","slug":"thursday-stock-market-outlook-2nd-september-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/thursday-stock-market-outlook-2nd-september-2021\/","title":{"rendered":"Thursday Stock Market Outlook \u2013 2nd September 2021"},"content":{"rendered":"\n

Stock Market This Thursday Morning<\/strong><\/h1>\n\n\n\n

Will the Stock Market hold the upward trend in the coming days ??<\/h2>\n\n\n\n

Equity benchmark Sensex dropped 214 points on Wednesday, led by losses in index majors Infosys, HDFC and TCS as investors booked profits at record levels despite a positive trend in global markets.<\/p>\n\n\n\n

After touching a lifetime high of 57,918.71 during the session, the 30-share index pared all gains to end 214.18 points or 0.37 per cent lower at 57,338.21.<\/p>\n\n\n\n

Similarly, the broader NSE Nifty declined 55.95 points or 0.33 per cent to 17,076.25. It touched an intra-day record of 17,225.75.<\/p>\n\n\n\n

M&M was the top loser in the Sensex pack, shedding around 3 per cent, followed by Tata Steel, Bajaj Finserv, TCS, HDFC and Infosys.<\/p>\n\n\n\n

On the other hand, Asian Paints, Nestle India, Axis Bank and Titan were among the gainers.<\/p>\n\n\n\n

\"Despite a strong opening after favourable GDP data, domestic indices failed to hold onto its early gains due to profit booking strategy from the recent rally,\u201d said Vinod Nair, Head of Research at Geojit Financial Services.<\/p>\n\n\n\n

After starting the day in a slightly negative zone, the Nifty finally ended at the closing bell of  17076.30 (-55.90) levels whereas the Sensex closed at 57,338.21 (-214.18) levels.<\/p>\n\n\n\n

Domestic equity extended gains with Nifty surpassing 17,000 levels within a month. Bharti Airtel was in focus again due to clarity over fundraising and an indication of tariff hike.<\/p>\n\n\n\n

It was seen that midcap and smallcap stocks underperformed on profit-booking.<\/p>\n\n\n\n

The Markets saw strong buying momentum across all sectors and favorable global cues aided markets. All the key sectoral indices traded in green with metals, financial (excluding banks), and pharma witnessing stronger recovery.<\/p>\n\n\n\n

The Market Experts feel that the Bulls will make a strong attempt to scale towards 17500 and higher for the September series.<\/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 666.66 Crores whereas Domestic institutional investors sold Rs 1287.87 Crores.<\/p>\n\n\n\n

The FII\u2019s buying in a big way will definitely help the up move in the markets. Most analysts are expecting the markets to now trend upwards to 17600 nifty levels in the Sept Series.<\/p>\n\n\n\n

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

Most experts expect that if FII\u2019S buying continues, the indices will go upwards in the coming few days.<\/p>\n\n\n\n

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

There seems to be a possibility of the banking and financial sector bouncing back strongly to higher levels.<\/p>\n\n\n\n

The I.T, Metals & Chemicals Sector also will be keenly watched by the traders.<\/p>\n\n\n\n

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

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

Private banks like HDFC Bank, ICICI Bank, Axis Bank, Bandhan Bank, Indusind Bank, Kotak Bank, Federal Bank, will look to scale higher from hereon.<\/p>\n\n\n\n

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

The I.T majors like Infosys, Wipro, Mphasis, TCS, HCL TECH, Tech Mahindra, Co-forge, and Mastek are likely to move up quickly in the coming days.<\/p>\n\n\n\n

The other I.T. Stocks like LT Infotech, Intellect Design, LTTS, Sonata Software also can be observed for an upwards move in the coming days.<\/p>\n\n\n\n

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

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

The general Sentiments continue to be positive in the Indian equity markets. The traders will be looking for global cues for direction in the coming days.<\/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 and Financial Sector, PSU sector, I.T., OMC, Chemicals 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 Thursday<\/strong><\/h2>\n\n\n\n

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

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

# 5 Pharma Stocks: <\/strong>Granules, Divi\u2019s Lab, Cadila, Glenmark Pharma, Sun Pharma.<\/p>\n\n\n\n

#5 Information Technology Stocks: <\/strong>Mphasis, LTI, LTTS, Mastek, Tech Mahindra.<\/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

Aster DM, Emkay Global, ISGEC Heavy Engineering, Hinduja Global Solution, Gabriel India, Bandhan Bank, Godrej agro vet, Bank of Baroda, Gujarat Alkalies, Aarti Surfactants.  <\/p>\n\n\n\n

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

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

2nd September Stock Picks \u2014<\/strong><\/p>\n\n\n\n

( Watch YouTube Video Analysis here \u2013 <\/strong><\/p>\n\n\n\n

After a consolidating day of trading on Tuesday, the view is that the Indian equity markets will go higher from here on in the August Series.<\/p>\n\n\n\n

Most Analysts expect the markets to reach 17000 plus levels for the near term<\/strong><\/p>\n\n\n\n

Best wishes for a Profitable Thursday in the Indian equity markets!<\/p>\n\n\n\n

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

Best wishes for a Cheerful Thursday in the Indian equity markets!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock Market This Thursday Morning Will the Stock Market hold the upward trend in the coming days ?? Equity benchmark Sensex dropped 214 points on Wednesday, led by losses in index majors Infosys, HDFC and TCS as investors booked profits at record levels despite a positive trend in global markets. After touching a lifetime high […]<\/p>\n","protected":false},"author":1,"featured_media":3993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[290],"tags":[],"class_list":["post-3990","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\/3990","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=3990"}],"version-history":[{"count":2,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3990\/revisions"}],"predecessor-version":[{"id":3994,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3990\/revisions\/3994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/3993"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=3990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}