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Capital Goods Stocks Outlook For The Week - 10 To 14.09.2018

Capital Goods Stocks Outlook For The Week - 10 To 14.09.2018

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             Equity Cash/Futures/Options Segment 

Stocks of companies in the capital goods sector are seen moving in a narrow range next week after
falling around 1.4%-4.6% this week. Stocks of most capital goods companies have risen in the past
few weeks on the back of share buyback announcement by sector heavyweight Larsen & Toubro Ltd
and Bharat Heavy Electricals Ltd. The weakness in the shares this week was likely due to stocks
facing correction post this rise. Sector heavyweights Larsen & Toubro, Bharat Heavy Electrical and Siemens Ltd are seen facing strong resistance at the current level. The stocks in the sector will also track the broader markets. Benchmark indices are seen higher next week, but gains will depend on whether the Indian rupee manages to hold on to its recovery.

Source : Cogencis Information Services Ltd.

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