Indian Market Outlook For The Week - 21 To 25.05.2018
Domestic equity indices are seen moving in a narrow range next week, with the underlying sentiment expected to remain weak after the benchmark Nifty 50 dropped below the psychologically
important 10600-point mark yesterday. Yesterday, it ended at 10596.40, down 86.30 points or 0.8% from its previous close. The Sensex closed at 34848.30, down 300.82 points or 0.9%. Investors are expected to take cues from the slew of earnings to be detailed over the course of the coming week.
Further rise in crude oil prices and 10-year US Treasury yields are also expected to keep sentiment
subdued. Nifty 50 companies such as Dr Reddy's Laboratories, State Bank of India, Sun Pharmaceutical Industries, Tata Motors, Cipla, GAIL India, Grasim Industries, Hindustan Petroleum
Corp, Indian Oil Corp, and Tech Mahindra will be reporting their Jan-Mar earnings next week.
Market participants will also monitor developments in global markets, amid uncertainty about the
possibility of a US-China trade deal. We expects the relative out performance in fast-moving consumer- goods stocks to continue and sees select stocks in the realty, infrastructure and metal
sectors perform well.
Source : Cogencis Information Services Ltd.
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Domestic equity indices are seen moving in a narrow range next week, with the underlying sentiment expected to remain weak after the benchmark Nifty 50 dropped below the psychologically
important 10600-point mark yesterday. Yesterday, it ended at 10596.40, down 86.30 points or 0.8% from its previous close. The Sensex closed at 34848.30, down 300.82 points or 0.9%. Investors are expected to take cues from the slew of earnings to be detailed over the course of the coming week.
Further rise in crude oil prices and 10-year US Treasury yields are also expected to keep sentiment
subdued. Nifty 50 companies such as Dr Reddy's Laboratories, State Bank of India, Sun Pharmaceutical Industries, Tata Motors, Cipla, GAIL India, Grasim Industries, Hindustan Petroleum
Corp, Indian Oil Corp, and Tech Mahindra will be reporting their Jan-Mar earnings next week.
Market participants will also monitor developments in global markets, amid uncertainty about the
possibility of a US-China trade deal. We expects the relative out performance in fast-moving consumer- goods stocks to continue and sees select stocks in the realty, infrastructure and metal
sectors perform well.
Source : Cogencis Information Services Ltd.
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