Indian Markets Outlook For The Week - 22 To 26.10.2018
Benchmark indices are expected to move in a wide range next week as investors turn risk averse in line with the trend in global markets, and as stocks are seen reacting sharply to even slight negatives in earnings of companies. Global investors are concerned about a slow down in global growth, and geopolitical tensions between the US and Saudi Arabia. The value at risk for stocks are increasing, with even slight disappointment in results leading to continued selling from investors wanting to stay in cash. Investors are likely to avoid buying shares of non-banking finance companies, even after their sharp fall, due to concern over liquidity, and would rather wait for their results over a couple of more quarters. Yesterday, the Nifty 50 ended at 10303.55, down 149.50 points, or 1.4%, while S&P BSE Sensex closed at 34315.63, down 463.95 points or 1.3%. There is nothing positive about the market, as even leading Nifty 50 stocks Reliance Industries, Tata Consultancy Services and Infosys have fallen after their Jul-Sep results. Yesterday, shares of HDFC Bank ended down 0.4% ahead of its Jul-Sep results announcement on Saturday. Other Nifty 50 companies to announce results next week include Adani Ports and Special Economic Zone, Asian Paints, Bharti Infratel, Bharti Airtel, Bajaj Finance, Bajaj Finserv, Bajaj Auto, Dr Reddy's Laboratories, HCL Technologies, ICICI Bank, ITC, JSW Steel, Kotak Mahindra Bank, Maruti Suzuki India, UPL, Wipro and Yes Bank.
Source : Cogencis Information Services Ltd.
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Benchmark indices are expected to move in a wide range next week as investors turn risk averse in line with the trend in global markets, and as stocks are seen reacting sharply to even slight negatives in earnings of companies. Global investors are concerned about a slow down in global growth, and geopolitical tensions between the US and Saudi Arabia. The value at risk for stocks are increasing, with even slight disappointment in results leading to continued selling from investors wanting to stay in cash. Investors are likely to avoid buying shares of non-banking finance companies, even after their sharp fall, due to concern over liquidity, and would rather wait for their results over a couple of more quarters. Yesterday, the Nifty 50 ended at 10303.55, down 149.50 points, or 1.4%, while S&P BSE Sensex closed at 34315.63, down 463.95 points or 1.3%. There is nothing positive about the market, as even leading Nifty 50 stocks Reliance Industries, Tata Consultancy Services and Infosys have fallen after their Jul-Sep results. Yesterday, shares of HDFC Bank ended down 0.4% ahead of its Jul-Sep results announcement on Saturday. Other Nifty 50 companies to announce results next week include Adani Ports and Special Economic Zone, Asian Paints, Bharti Infratel, Bharti Airtel, Bajaj Finance, Bajaj Finserv, Bajaj Auto, Dr Reddy's Laboratories, HCL Technologies, ICICI Bank, ITC, JSW Steel, Kotak Mahindra Bank, Maruti Suzuki India, UPL, Wipro and Yes Bank.
Source : Cogencis Information Services Ltd.
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