Indian Markets Outlook for the week – 04.Jan.2016 to 08.Jan.2016
(Seen positive next week; auto, IT companies in focus)
Stock
indices are likely to trade positive next week as investor
participation
in the market is expected to return without significant selling
pressure.
Also, a positive trend in global markets, if any, may aid gains
in
local equities.
Information
technology companies, which are generally the first ones to
start
detailing their quarterly earnings, are likely to be in focus as they
react
to earnings estimates for Oct-Dec.
Stocks
of automobile companies, who did not detail sales numbers during
market
hours yesterday, and will likely do so over the weekend, will also
be
in focus. Stocks of public sector banks, which have seen buying
interest
this week, may extend gains, even though they are expected to be
short-lived.