Indian Markets Outlook for the week – 12.Oct.2015 to 16.Oct.2015
(expected to remain positive next week)
( www.rupeedesk.in )
After
gaining over 3% this week, the bias for benchmark indices is expected to remain
positive next week, while Jul-Sep earnings of key index constituents and data
on consumer price index-based inflation and industrial growth will be in focus.
Among
index-constituents, Infosys, Tata Consultancy Services, Hindustan Unilever, Zee
Entertainment Enterprises, and Reliance Industries will report Jul-Sep earnings
next week. Market sentiment will also depend on data on CPI and index of
industrial production.
The
National Stock Exchange's Nifty is seen consolidating between the levels of
8000 and 8300 points next week. The 50-share benchmark index ended at 8189.70
points, up 60.35 points or 0.7% and S&P BSE Sensex closed at 27079.51
points, up 233.70 points or 0.9%.
Stocks
of information technology companies will be in focus next week as the earnings
for the sector are kicked off by Infosys and Tata Consultancy Services, the two
index and sector majors.
Investors
will also closely track Bihar assembly elections, which will begin next week.
Voting for 49 seats in the first phase of polls will happen on Monday.
Among
sectors, housing finance companies and select banks are seen outperforming as
the Reserve Bank of India has cut risk weight requirements on certain home
loans. This is also seen positive for stocks for real estate companies in the
affordable housing segment over the long term.
