Indian Markets Outlook for the week – 8.Feb.2016 to 12.Feb.2016
(Market to eye earnings, economic data next week)
( www.rupeedesk.in )
As
indices have shown some strength in the fag end of this week, bias
next
week is positive for domestic equities but further gains will depend
on
corporate earnings, trend in global equity markets and crude oil
price
movement.
Economic
data, both domestic and global, will also lend direction. US
monthly
jobs data, will be watched. Back home, consumer price index based
inflation
data for January and industrial production data for
December
will be detailed on Friday.
Focus
will be on Japanese, European and US markets next week as most
Asian
equities will be shut for better part of the week on account of Lunar
New
Year. Meanwhile, sustainability of gains in domestic equities will
also
depend on the banking sector as frontline public sector banks--State
Bank
of India, Punjab National Bank, and Bank of Baroda will detail
their
Oct-Dec earnings.
Despite
domestic equities ending on a positive note and Thursday,
some
market participants believe gains may not sustain as foreign
institutional
investors continue to remain net sellers.( www.rupeedesk.in )
