Indian Markets Outlook for the week – 09.03.2015 to 13.03.2015
( www.rupeedesk.in )
Indian
Stock indices are seen consolidating in a narrow range in next week on the
outcome of
European
Central Bank's policy meet on last week thursday and the release of a host of
economic data on next week. While on the international front, market
participants will watch out for the US non-farm payroll data Friday, in India,
the index of industrial production for January and consumer price index-based
inflation for February are to be released next week.
We
expect banks, pharmaceutical, information technology, and fast-moving consumer
goods
companies
to gain next week, and we believe that the shift towards defensive sectors like
Pharma and FMCG is a short-term direction, till the time action is taken for
post budget measures (important bills in budget session).The confidence
continues to be good with increasing momentum in mid and small cap stocks.
The
banks to recuperate in the early part of the next week and see HDFC Bank as the
strongest performer. Among specific stocks, Tata Consultancy Services may gain
on positive guidance given by the company on its Jan-Mar earnings and National
Fertilisers is seen declining as it has closed down operations in some of its
units. Similarly, United Spirits stock will also be in focus as the company has
discontinued its manufacturing at its Hooghly unit.
( www.rupeedesk.in )
