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Indian Market Outlook For The Week – 20 To 24.11.2017

Indian Market Outlook For The Week – 20 To 24.11.2017

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             Equity Cash/Futures/Options Segment 

Indian Market Outlook For The Week – 20 To 24.11.2017

After rising over 1.5% in the last two sessions, domestic equity indices are likely to test new highs early next week on hopes that foreign investors will return after Moody's Investors Service upgraded India's sovereign debt rating. Global markets would also provide cues for Indian equity indices. The ratings upgrade is recognition of India's long-term growth potential and is likely to decelerate selling by foreign investors. Many new investors may look at India as an attractive and stable investment destination. Globally, investors will keep a close watch on a slew of data releases in the US. In the coming week, Jul-Sep GDP data, minutes of the Federal Open Market Committee meeting, retail sales data and housing sales data are due to be released in the world's largest economy. Banking and financial services stocks are expected to maintain their upward momentum, while information technology stocks could see further weakness if the rupee continues to rise.

Source : Cogencis Information Services Ltd.

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