Indian Markets Outlook for the week - 13 to 17.04.2015
( www.rupeedesk.in )
Ahead
of the start of the Jan-Mar earnings season, market sentiment will remain
cautious as
participants’
eye key economic data to be released next week. The Central Statistics Office
is
scheduled
to detail headline inflation based on the Consumer Price Index for March on
Monday.
Through
the week, the trend in global markets and earnings from a few companies will
also be watched. On Tuesday, markets will remain shut for Dr. Baba Saheb Ambedkar
Jayanti. Annual inflation rate for March, based on the Wholesale Price Index,
which is likely to be released on Wednesday, is seen inching up to (-)1.9%,
primarily because of the hike in petrol and diesel prices. We expect Q4FY15
(Jan-Mar) Nifty earnings to decline by 0.6% similar to decline of 0.6% in Q3FY15
(Oct-Dec). The deceleration in PAT (net profit) growth can be attributed to
weak performance expected by metals, oil and gas, power equipment and
construction stocks.
Among
Nifty constituents, ACC, Tata Consultancy Services and IndusInd Bank will
detail their earnings next week. Other companies include DCB Bank, Network18
Media and Investments, TV18 Broadcast, Mindtree and CRISIL Ltd. Shares in the
mid-cap space, which have been outperforming their larger peers, are also
likely to be in focus. These stocks are expected to continue gaining.
