Indian Markets Outlook for the week – 08.12.2014 to 12.12.2014
( www.rupeedesk.in )
Benchmark indices are
expected to move in a range bound manner next week due to lack of
major triggers. The
National Stock Exchange's 50-share Nifty is expected to move between 8430
points and 8630
points.
Yesterday, the index
ended at 8538.30, down 26.10 points or 0.3% from close Thursday and the
S&P BSE Sensex at
28458.10, down 104.72 points, down 0.4%.
The participation of
foreign institutional investors in the market to decrease next week. In
December, most
foreign institutional investors go for a holiday. So, in the second or third
week
of the month, you can
see volumes drying up and some volatility.
Mid- and small-cap
shares are expected to perform well next week. Rate-sensitive may gain
in the coming week. Most market participants are bullish on automobile
companies. Banks
may also gain. You
may see public sector banks in the mid-cap space rising.
Stocks of Steel
Authority of India Ltd, whose offer for sale was conducted today, may recover
in
the latter part of
next week.
Monday, Stocks of
Thermax may rise as post market hours, the company said it has won an
order worth 3.51 bln
rupees from an African company for building and commissioning a power
plant.
ICICI Bank may gain,
as the bank has approved sale of its Russian arm ICICI Bank Eurasia to
Sovcombank. Tata
Motors will also be in focus after the company announced a 26.9% year-onyear rise
in November sales of its Jaguar brand in the UK. Sales of Land Rover in UK fell
11.5% on-year.
( www.rupeedesk.in )
( www.rupeedesk.in )
