Indian Market Outlook for the week – 12 to 16.06.2017
Indian Market Outlook for the week – 12 to 16.06.2017
( www.rupeedesk.in )
Robust inflows into equity and balanced schemes of domestic mutual fund houses are seen keeping
Indian equities north-bound next week, despite the Nifty 50 and Sensex having risen for five months
in a row. Market are not expect any major correction or profit booking in the near term as domestic
institutional investors are likely to use every dip in the market as a buying opportunity. Nifty 50 will not fall more than 50-100 basis points because investors are looking for value at every fall as fundamentals remain strong. Besides, hopes of a normal monsoon this year, expectations of a rate
cut by the Reserve Bank of India, and perception that the implementation of the goods and services
tax will boost economic growth, has kept sentiment for Indian equities upbeat. However, volatility in global markets due to uncertainty over UK's exit proceedings from the European Union and the US Federal Reserve's upcoming policy meet may trigger a small correction in global equities, and subsequently, domestic equity markets. Elections in France for the Lower House and Bank of Japan's policy meet are also seen adding to the volatility next week. Investors will also eye domestic inflation data for May and production numbers for April. Inflation data will be under increased scrutiny after the RBI recently lowered its inflation outlook. The Nifty 50 is expected to hold the 9500-mark even in the advent of a correction but gains are seen capped at 9720-9740 levels in the near term. Yesterday, the index ended at 9668.25, up 21.00 points or 0.2% from the previous close while the Sensex closed at 31262.06, up 48.70 points or 0.2%. Stocks of banks and housing finance companies are seen gaining in the near term, as the cut in statutory liquidity ratio and standard asset provisioning rate for home loans is seen freeing up working capital.
Source : Cogencis Information Services Ltd.
Commodity Segment
Equity Cash/Futures/Options Segment
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( www.rupeedesk.in )
Robust inflows into equity and balanced schemes of domestic mutual fund houses are seen keeping
Indian equities north-bound next week, despite the Nifty 50 and Sensex having risen for five months
in a row. Market are not expect any major correction or profit booking in the near term as domestic
institutional investors are likely to use every dip in the market as a buying opportunity. Nifty 50 will not fall more than 50-100 basis points because investors are looking for value at every fall as fundamentals remain strong. Besides, hopes of a normal monsoon this year, expectations of a rate
cut by the Reserve Bank of India, and perception that the implementation of the goods and services
tax will boost economic growth, has kept sentiment for Indian equities upbeat. However, volatility in global markets due to uncertainty over UK's exit proceedings from the European Union and the US Federal Reserve's upcoming policy meet may trigger a small correction in global equities, and subsequently, domestic equity markets. Elections in France for the Lower House and Bank of Japan's policy meet are also seen adding to the volatility next week. Investors will also eye domestic inflation data for May and production numbers for April. Inflation data will be under increased scrutiny after the RBI recently lowered its inflation outlook. The Nifty 50 is expected to hold the 9500-mark even in the advent of a correction but gains are seen capped at 9720-9740 levels in the near term. Yesterday, the index ended at 9668.25, up 21.00 points or 0.2% from the previous close while the Sensex closed at 31262.06, up 48.70 points or 0.2%. Stocks of banks and housing finance companies are seen gaining in the near term, as the cut in statutory liquidity ratio and standard asset provisioning rate for home loans is seen freeing up working capital.
Source : Cogencis Information Services Ltd.
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Commodity Segment
- Auto Stocks Outlook for the week – 12 to 16.06.2017
- Bank Stocks Outlook for the week – 12 to 16.06.2017
- Oil Stocks Outlook for the week - 12 to 16.06.2017
- Capital Goods Stocks Outlook for the week – 12 to 16.06.2017
- FMCG Stocks Outlook for the week – 12 to 16.06.2017
- Cement Stocks Outlook for the week – 12 to 19.06.2017
- Pharma Stocks Outlook for the week – 12 to 16.06.2017
- Metal Stocks Outlook for the week – 12 to 16.06.2017
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