Indian Markets Outlook for the week – 11.Jan.2016 to 15.Jan.2016
(Economic data, earnings eyed next week; bias weak)
Domestic
economic data, Oct-Dec earnings and movements in global
markets
will determine the trend for local equities next week, but the
underlying
bias is weak as concerns persist on Chinese economy.
Due
to the event-loaded week, volatility in the market will be high. We
are
expecting a volatile week; hence, short-term traders are advised to
take
caution, specially while dealing in mid and small-cap scrips.
On a
weekly basis, indices have registered losses of more than 4%,
weighed
down by the rout in Chinese markets after People's Bank of
China
sharply devalued yuan.
ECONOMIC DATA
India's
industrial production data for November and consumer price
inflation
for December will be released by the Central Statistics Office
after
market hours Tuesday, which will keep trade range bound on
Monday.
India's
industrial production likely expanded 5.4% in November. Though
October's
increase was largely due to base effects, conditions are on the
mend
in India.
In
October, IIP came in at a five-year high of 9.8% largely due to a
favourable
base effect. Meanwhile, headline consumer price inflation is
expected
to rise further in December from a 14-month high of 5.41% in
November.( www.rupeedesk.in )
