GOLDEN RULES FOR TRADING

I.T Stocks Outlook for the week – 27 to 30.04.2015

I.T Stocks Outlook for the week – 27 to 30.04.2015

Stocks of the state-owned oil marketing companies--Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp--are seen trading in a range next week in the absence of any triggers and a damp broad market.

The Street will be focusing on companies reporting earnings and the market is seen weak in the near term. Domestic indices are expected to trade with a negative bias next week with concerns over minimum alternate tax, weak rupee and disappointing corporate earnings weighing on sentiment.


The damp market sentiment is also likely to rub off on the oil companies' stocks.