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Capital Goods Stocks Outlook For The Week - 01 To 05.10.2018

Capital Goods Stocks Outlook For The Week - 01 To 05.10.2018

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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 2.5%-12.8% this week. Stocks of most capital goods companies have been facing
selling pressure in the past few weeks due to a slowdown in order in the sector and overall weakness
in the markets. Sector heavyweights Larsen & Toubro Ltd and Bharat Heavy Electricals fell 4.3% and 4.2%, respectively, this week due lack of order in the sector. Prices of stocks in the sector will also look forward to the industrial production data for August expected to be declared by Oct 12. The stocks in the sector will also track the broader markets. Benchmark indices are seen weak next week, but gains will depend on whether the Indian rupee manages to recover.

Source : Cogencis Information Services Ltd.

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