Indian Markets Outlook For The Week - 03 to 06.10.2017
Indian Markets Outlook For The Week - 03 to 06.10.2017
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Domestic share indices are likely to remain in a range through the upcoming holiday-truncated week as the week
contains several economic and sales data sets as well as the fourth bi-monthly monetary policy for 2017-18 (AprMar)
outcomes. The Nifty Index is expected to move through the week it is seen moving between 9700 points and
9960 points. We expect the RBI to maintain status quo on interest
rates despite the consumer-price index based inflation expected to
average at 3.7% in FY18, lower than the medium-term target of 4.0%.
We do not expect a rate cut as
the CPI inflation is expected to
chart an upward trajectory over
the coming months, and print
between 4.5-5.0% in March.
Investors will also keep a close
watch on Nikkei Manufacturing
PMI for September and mobile subscriber data for August, both due
this week. Stocks of automobile companies will be in focus this week
as they report their September sales figures.
We expect 10-15% retail growth in the two-wheeler and passenger vehicle segments, led by festive demand and
positive rural sentiment, which should drive wholesales for September. Last Friday, the Nifty 50 ended 0.2% higher
at 9788.60 points, having shed 1.8% through the week. Sensex closed flat at 31283.72 points, but down 2% for
the week.
Source : Cogencis Information Services Ltd.
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Source : Cogencis Information Services Ltd.
