Indian Market Outlook For The Week - 19 To 22.11.2018
The tone for the benchmark indices next week will be set by the Reserve Bank of India's board of directors meeting on Monday. Stocks of public sector banks will be in focus as the RBI will discuss prompt corrective action framework and capital norms for banks. Investors will monitor the
meeting keenly, as it follows a series of disagreements between the government and the RBI on issues ranging from liquidity management, credit growth, and the use of the central bank's surplus. Some reports said the government is likely to invoke never-before-used powers under Section 7 of the RBI Act, allowing it to direct the governor of the central bank on matters of public interest. The RBI board will also discuss the capital norms for lenders. The government has sought the capital requirement to be lowered, in adherence with Basel III norms globally, in order to provide more funds to banks to lend to small and medium scale enterprises. The government has also sought changes to RBI's capital framework, as it believes the central bank has excess capital to the tune of 3.6 trln rupees. The trend in global crude oil will also be keenly monitored, after prices rose yesterday on expectations of cut in supply by the Organization of the Petroleum Exporting Countries. Next week, the Nifty 50 index is seen in the range of 10495-10800 points. We believe that investors will try and push the 50-stock index past the 10900 level. Yesterday, the index closed at 10682.20, up 65.50 points or 0.6%. Sensex settled at 35457.16, up 196.62 points or 0.6%. Stocks of state-owned oil refiners, aviation and paint companies will remain in focus as the movement in these stocks will hinge on the trend in oil prices.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Equity Cash/Futures/Options Segment
Register for Daily Rs 2000/- Profit in Stock Options
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
The tone for the benchmark indices next week will be set by the Reserve Bank of India's board of directors meeting on Monday. Stocks of public sector banks will be in focus as the RBI will discuss prompt corrective action framework and capital norms for banks. Investors will monitor the
meeting keenly, as it follows a series of disagreements between the government and the RBI on issues ranging from liquidity management, credit growth, and the use of the central bank's surplus. Some reports said the government is likely to invoke never-before-used powers under Section 7 of the RBI Act, allowing it to direct the governor of the central bank on matters of public interest. The RBI board will also discuss the capital norms for lenders. The government has sought the capital requirement to be lowered, in adherence with Basel III norms globally, in order to provide more funds to banks to lend to small and medium scale enterprises. The government has also sought changes to RBI's capital framework, as it believes the central bank has excess capital to the tune of 3.6 trln rupees. The trend in global crude oil will also be keenly monitored, after prices rose yesterday on expectations of cut in supply by the Organization of the Petroleum Exporting Countries. Next week, the Nifty 50 index is seen in the range of 10495-10800 points. We believe that investors will try and push the 50-stock index past the 10900 level. Yesterday, the index closed at 10682.20, up 65.50 points or 0.6%. Sensex settled at 35457.16, up 196.62 points or 0.6%. Stocks of state-owned oil refiners, aviation and paint companies will remain in focus as the movement in these stocks will hinge on the trend in oil prices.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
