Indian Market Outlook For The Week - 14 To 18.01.2019

Indian Market Outlook For The Week - 14 To 18.01.2019

             Equity Cash/Futures/Options Segment 

Domestic benchmark indices are likely to open weak on Monday as Industrial Output for November crawls to 0.5% from 8.1% (MoM). Lower than expected earnings outcome from Infosys may weigh the market at the beginning session but could consolidate with buying volume as buyback of shares at Rs.800, Rs.4 per share as interim dividend and better growth guidance for revenues in 2018-19 (Apr-Mar). Oct-Dec earnings announcements from other Nifty 50 majors next week, including Reliance Industries, HDFC Bank, Hindustan Unilever, Wipro and Zee Entertainment Enterprises are in focus.
We are not very negative on the stock markets as the IT (Information Technology) sector had already corrected (in recent months), and with the financial sector expected to do well, there is likely to b e good support for benchmark indices. Long-term investors are waiting for certainty over better earnings growth from corporate before committing more investments into stocks, and benchmark indices are likely to remain range-bound with the Nifty 50 seen in a range of 10620-10985 points next week.

Source : Cogencis Information Services Ltd.

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