Indian Market Outlook for the week – 31.07.2017 to 04.08.2017
Indian Market Outlook for the week – 31.07.2017 to 04.08.2017
( www.rupeedesk.in )
Benchmark indices are seen remaining positive next week as traders expect a 25-basis-point interest rate cut by the Reserve Bank of India at its monetary policy meeting on Aug 1-2. Apart from this, Apr-Jun corporate earnings will also be in focus. Expectations from the RBI's Monetary Policy Committee have transformed dramatically since June, with an overwhelming majority of market participants now expecting the rate-setting panel to cut the repo rate by 25 basis points to 6.00%.
Nifty 50 is seen moving within a range of 9860-10800 points in the next week as technically. Yesterday, the 51- stock Nifty 50 index ended at 10014.50 points, down 6.05 points or 0.1% from its previous close. The S&P BSE Sensex ended at 32309.88 points, down 73.42 points or 0.2%.
Nifty 50 constituents Tech Mahindra, Lupin, Power Grid Corp of India, Mahindra & Mahindra and Indian Oil Corp will detail their Apr-Jun numbers over the course of next week. Stocks of Larsen & Toubro are seen gaining on Monday after the company reported consolidated net profit for Apr-
Jun at 8.9 bln rupees, against estimate of 8.63 bln rupees. The company, which posted its earnings post market close yesterday, also reported a 2% on-year rise as on Jun 30 in its Apr-Jun consolidated order book. Among sectors, banking stocks will remain in focus next week because of the monetary policy meeting. After gaining for the 12th straight session, the Nifty Bank index gave up its gains and ended down 0.4%. So far in 2017, the banking index has gained over 36%, outperforming Nifty 50 that has risen over 22% in the same period. Stocks of Housing Development Finance Corp, which had gained over 10% in the past three sessions and have continued to trade at lifetime highs, are seen continuing its upside movement next week.Southwest monsoon could be nearly 98% of the long-period average for July, supported by a pick-up in the current across India in the next few days, according to an official at the India Meteorological Department. The company is banking on operating efficiencies through various initiatives and cost-saving activities at supply chain and
distribution level, which should help recovery in sales in early part of Oct-Mar
* Metal Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* I.T Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* Telecom Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* FMCG Stocks Outlook for the week - 31.07.02017 to 04.08.2017
* Bank Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* Oil Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* Pharma Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* Auto Stocks Outlook for the week – 31.07.2017 to 04.008.2017
*Capital Goods Stocks Outlook for the week – 31.07.2017 to 04.08.2017
Source : Cogencis Information Services Ltd.
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Indian Market Outlook for the week – 31.07.2017 to 04.08.2017
( www.rupeedesk.in )
Benchmark indices are seen remaining positive next week as traders expect a 25-basis-point interest rate cut by the Reserve Bank of India at its monetary policy meeting on Aug 1-2. Apart from this, Apr-Jun corporate earnings will also be in focus. Expectations from the RBI's Monetary Policy Committee have transformed dramatically since June, with an overwhelming majority of market participants now expecting the rate-setting panel to cut the repo rate by 25 basis points to 6.00%.
Nifty 50 is seen moving within a range of 9860-10800 points in the next week as technically. Yesterday, the 51- stock Nifty 50 index ended at 10014.50 points, down 6.05 points or 0.1% from its previous close. The S&P BSE Sensex ended at 32309.88 points, down 73.42 points or 0.2%.
Nifty 50 constituents Tech Mahindra, Lupin, Power Grid Corp of India, Mahindra & Mahindra and Indian Oil Corp will detail their Apr-Jun numbers over the course of next week. Stocks of Larsen & Toubro are seen gaining on Monday after the company reported consolidated net profit for Apr-
Jun at 8.9 bln rupees, against estimate of 8.63 bln rupees. The company, which posted its earnings post market close yesterday, also reported a 2% on-year rise as on Jun 30 in its Apr-Jun consolidated order book. Among sectors, banking stocks will remain in focus next week because of the monetary policy meeting. After gaining for the 12th straight session, the Nifty Bank index gave up its gains and ended down 0.4%. So far in 2017, the banking index has gained over 36%, outperforming Nifty 50 that has risen over 22% in the same period. Stocks of Housing Development Finance Corp, which had gained over 10% in the past three sessions and have continued to trade at lifetime highs, are seen continuing its upside movement next week.Southwest monsoon could be nearly 98% of the long-period average for July, supported by a pick-up in the current across India in the next few days, according to an official at the India Meteorological Department. The company is banking on operating efficiencies through various initiatives and cost-saving activities at supply chain and
distribution level, which should help recovery in sales in early part of Oct-Mar
* Metal Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* I.T Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* Telecom Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* FMCG Stocks Outlook for the week - 31.07.02017 to 04.08.2017
* Bank Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* Oil Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* Pharma Stocks Outlook for the week – 31.07.2017 to 04.08.2017
* Auto Stocks Outlook for the week – 31.07.2017 to 04.008.2017
*Capital Goods Stocks Outlook for the week – 31.07.2017 to 04.08.2017
Source : Cogencis Information Services Ltd.
