www.rupeedesk.in
Stocks of major automakers will move in line with the broader market on lack of any sector-specific triggers. There is nothing happening for the auto sector next week. We expect it to move broadly with the market. Stock indices are seen trading with a positive bias next week, but volatility is likely to persist ahead of the expiry of the December derivatives contract on Thursday.
There could be some sector-specific movement later in the week with the anticipation of sales numbers of automakers ongoing month.The broader market is also range-bound. The Nifty is seen finding support between 6100 and 6130 next week. Cogencis had reported, quoting sources, Tuesday that the Central Pollution Control Board was concerned over the pollution that the yet-to-be-launched quadricycle may cause. The regulatory body is also expected to put forth its concerns to its parent ministry soon,
According to a source,Maruti Suzuki India Ltd plans to launch a new hatchback in February-March. Launching a product is always good. If the company confirms the news then the stocks might trade with a positive bias. The scrip of Hero MotoCorp Ltd is likely to be positive for the next few weeks as the company is all set to launch a slew of motorcycles and also variants of the existing models January onwards. Tata Motors Ltd's story looks promising in the near term as the company has shown good volumes and numbers on the back of its subsidiary Jaguar Land Rover
Stocks of major automakers will move in line with the broader market on lack of any sector-specific triggers. There is nothing happening for the auto sector next week. We expect it to move broadly with the market. Stock indices are seen trading with a positive bias next week, but volatility is likely to persist ahead of the expiry of the December derivatives contract on Thursday.
There could be some sector-specific movement later in the week with the anticipation of sales numbers of automakers ongoing month.The broader market is also range-bound. The Nifty is seen finding support between 6100 and 6130 next week. Cogencis had reported, quoting sources, Tuesday that the Central Pollution Control Board was concerned over the pollution that the yet-to-be-launched quadricycle may cause. The regulatory body is also expected to put forth its concerns to its parent ministry soon,
According to a source,Maruti Suzuki India Ltd plans to launch a new hatchback in February-March. Launching a product is always good. If the company confirms the news then the stocks might trade with a positive bias. The scrip of Hero MotoCorp Ltd is likely to be positive for the next few weeks as the company is all set to launch a slew of motorcycles and also variants of the existing models January onwards. Tata Motors Ltd's story looks promising in the near term as the company has shown good volumes and numbers on the back of its subsidiary Jaguar Land Rover
