India Market Outlook For The Week – 15 to 19.01.2018

India Market Outlook For The Week – 15 to 19.01.2018

             Equity Cash/Futures/Options Segment 

After notching record closing highs for the fourth time this week, domestic benchmark indices are likely to rise further next week, but are expected to move in a narrow range as a slew of corporate earnings will keep action stock-specific. The shares of Infosys will be in focus on Monday
as the company detailed its Oct-Dec earnings after market hours yesterday. For the quarter ended
December, the company has reported a consolidated net profit of 51.3 bln rupees, sharply higher than the estimated 36.07 bln rupees. Infosys has maintained its sales growth guidance for the current financial year in both dollar and constant currency terms but cut it in rupee terms. Investors will look
at global markets and local political developments for cues. Stock specific action is likely to keep indices in a thin range as Oct-Dec earnings gain full steam in the week ahead. Among Nifty 50 constituents, Adani Ports and Special Economic Zone, Bharti Airtel, HDFC Bank, Hindustan Unilever, ITC, Kotak Mahindra Bank, Wipro, YES Bank, Bharti Infratel, HCL Technologies, UltraTech Cement, and Zee Entertainment Enterprises will detail their quarterly numbers so
next week.

Source : Cogencis Information Services Ltd.

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