Indian Market Outlook For The Week - 31.12.2018 To 04.01.2019

Indian Market Outlook For The Week - 31.12.2018 To 04.01.2019

             Equity Cash/Futures/Options Segment 

Benchmark equity indices are likely to see gains on the back of bullish rollovers to the January derivative series on Thursday. The gains may, however, be moderate because persistent uncertainties around a global trade war and growth will keep some investors on the sidelines. The retail participants in the markets are currently on the sidelines as there is too much uncertainty in the
global and local markets, which is barring them from taking any positions. Domestic equities are
expected to track their global peers because of lack of cues at home, and as ongoing events such
as the partial government shutdown in the US and volatility in crude oil prices persist. The partial government shutdown in the US is likely to extend to January, as no deal has yet been reached between the Democrats and the US president on funding a wall on the US-Mexico border. Trade tensions between the US and China resurfaced after reports that US President Donald Trump was considering an executive order to disallow companies from using telecommunication equipment
manufactured by Chinese companies Huawei Technologies Co and ZTE Corp. Yesterday, the 50-
stock index ended up 0.7% at 10859.90 points. Shares of automobile companies will be in focus as
these companies announce their sales data for November from Wednesday.

Source : Cogencis Information Services Ltd.

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