Showing posts with label Indian market outlook. Show all posts
Showing posts with label Indian market outlook. Show all posts

Indian Market Outlook for the week – 15 to 18.11.2016

Indian Market Outlook for the week – 15 to 18.11.2016
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 Indian Market Outlook for the week – 15 to 18.11.2016
( www.rupeedesk.in )

Pharma Stocks Outlook for the week – 15 to 18.11.2016


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Domestic share indices are seen weak because of uncertainty in the global markets, impact of
currency curb move and Jul-Sep corporate earnings. Stock indices ended the week at their lowest
closing levels since the end of June. On Monday, local share markets will be closed on account of
Guru Nanak Jayanti.

Release of inflation data for October next week, and industrial production data for September,
released today, will also lend cues to investor sentiment. Industrial production in September grew
only 0.7% as against 3.7% growth a year ago. It, though, managed to beat the estimate of 0.5%.
Inflation based on the Consumer Price Index (Combined) and that based on the Wholesale Price
Index will be released on Tuesday after market hours. The CPI inflation rate is seen falling to a 14-
month low of 4.1% in October from 4.31% in September, according to the median of a poll of 22
economists. The WPI inflation rate is seen at 3.7% in October compared with 3.57% a month ago,
according to a median of a poll of 14 economists.

Stocks of consumption related companies such as fast moving consumer good companies and
automobile companies will continue to be under pressure, as the Government’s decision to
demonetize high denomination currency notes is likely to negatively impact their sales in Oct-Dec.
Right now people are wary of buying anything...they are trying to retain cash. However, these stocks
may see a consolidation next week, after the recent fall, as the likelihood of a decline in demand is
mostly priced in now.

Yesterday, the Nifty 50 ended at 8296.30, down 229.45 points or 2.7% from the Previous close, and
the Sensex closed down 698.86 points or 2.5% at 26818.82. Next week, Nifty 50 is seen moving in
the range of 8200-8500 points on only technical based. We do not see any relief amid looming
uncertainty on the global front and not so encouraging domestic cues. So, we are suggest restricting
leveraged positions and wait for the markets to stabilise first.

Interest rate-sensitive stocks such as banks will also remain in focus as prospects of an interest rate
hike in the US increased after the election of Donald Trump as the US president. Trump's policies
are seen stoking inflation in the US, which may lead the US Federal Reserve to raise rates.
Stocks of Nifty 50 companies detailing their earnings later yesterday, on Saturday and next week
will also take centre stage next week. Tata Motors, Aurobindo Pharma and GAIL (India) will detail
their earnings next week, while Hindalco Industries, Tata Steel and Bharat Petroleum Corp has
report their earnings yesterday and on Saturday.

Stocks of Bank of Baroda eyed on Tuesday as the company detailed its Jul-Sep earnings yesterday.
The lender's net profit rose to 5.5 bln from 1.2 bln rupees a year ago and its provisioning for nonperforming
assets went down 11.6% on year to 16.3 bln rupees. Stocks of IL&FS Engineering and
Construction Co are likely to gain as the company secured 1.49-bln-rupee order from the Uttar

Pradesh government.
Posted by

Indian Market Outlook for the week – 08 to 12.08.2016 Positive; RBI policy, earnings key next week

Indian Markets Outlook for the week – 8.Aug.2016 to 12.Aug.2016
(Positive; RBI policy, earnings key next week)
( www.rupeedesk.in )

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Auto Stocks Outlook for the week – 08 to 12.08.2016 To take cues from Jul sales data, companies' earnings

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Indian Market Outlook for the week – 08 to 12.08.2016 Positive; RBI policy, earnings key next week



With the Reserve Bank of India's monetary policy scheduled for Tuesday and a bunch of Nifty 50
companies detailing their Apr-Jun earnings next week, action in equities will be largely stock-centric.
The underlying bias remains positive as indices are likely to test new highs, but gains will be followed by bouts of profit booking. Views on the monetary policy action of RBI are mixed. Some see scope for a 25 basis point cut in repo rate in view of the good progress in monsoon rains and passage of the crucial Constitution Amendment Bill for goods and services tax by the Rajya Sabha.

Cumulative rainfall in the country during Jun 1-Aug 4 was 499.1 mm, 2% above normal, and barring
east and northeast India, all the other subdivisions received above normal rainfall. Besides, the government has set the inflation target for the next five years at 4% in a band of 2-6%. The fiveyear
target is unchanged from the oneset for March 2018. This is also one of the reasons why some see room for a rate cut next week. A few others, though, expect a 25 basis points cut in repo rate only in the coming months.

The passage of GST bill has certainly paved way for a rate cut, but not necessarily in the short-term.
Given the accommodative monetary policy stance of other central banks, and expectations that
softening of commodity prices will keep food inflation moderate, a 25 basis points rate cut is likely by October. If RBI surprises the market with a 50-basis-point repo rate cut, it will result in a sharp jump in share prices, with the possibility of Nifty 50 testing 9000 points. Now, if RBI cuts interest rates, it will lead to a sharp rally, while a status quo may lead to a short-term correction.

Yesterday, the index ended at 8683.15, up 132.05 points or 1.5% from the previous close, while
Sensex closed at 28078.35, 363.98 points or 1.3%. Nifty 50 companies detailing their Apr-Jun
earnings next week include Hindalco Industries, Adani Ports and Special Economic Zone, Hero
MotoCorp, Cipla, Lupin, Mahindra & Mahindra, State Bank of India, Sun Pharmaceutical Industries,
Bank of Baroda, Bosch, Grasim Industries, and Idea Cellular. Next week, stocks of information
technology companies may extend losses as investors move out of 'defensive' companies, and as
Cognizant Technology Solutions Corp has cut its sales guidance for 2016.

( www.rupeedesk.in )
Posted by

Indian Market Outlook for the week - 01 to 05.08.2016 (Monsoon Session, earnings key triggers next week)

Indian Markets Outlook for the week – 1.Aug.2016 to 5.Aug.2016
(Monsoon Session, earnings key triggers next week)
( www.rupeedesk.in )

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FMCG Stocks Outlook for the week – 01 to 05.08.2016 (Seen up on hope of Rajya Sabha passing GST bill)

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( www.rupeedesk.in )
Next week, investors will closely monitor proceedings at the monsoon session of Parliament, during
which the Constitution amendment Bill for the goods and services tax will be taken up by the Rajya
Sabha. Sources in the Congress today said that the party has reached a broad agreement with the
government on the GST Bill, which is likely to keep investors' sentiment buoyant.

However, with both the Nifty 50 and the S&P BSE Sensex trading near their multi-month highs, there
may be a possibility of profit booking even if the Bill is passed by the Upper House, as it seems to
have been factored.

The Nifty 50 is expected to find immediate support at 8500 points next week if traders sell equities in
case the Bill isn't passed by the Rajya Sabha. We believe that the index faces immediate resistance at
8700 points, after ending the day at 8638.50, down 0.3%. The S&P BSE Sensex today fell 0.6% to
28051.86 points.

The June quarter earnings of key companies next week will also be in focus, though the run-up of
indices to multi-month highs has made some market participants nervous. Next week, Tech Mahindra, HCL Technologies and Tata Power Co are the Nifty 50 constituents that will report their June quarter earnings. Apart from the three, InterGlobe Aviation, VRL Logistics, Cadila Healthcare, Fortis Healthcare, Pfizer, and Tata Chemicals will also report their quarterly numbers next week.

ICICI Bank will also be in focus, after reporting a net profit of 22.3 bln rupees. The bank's asset
quality was largely stable, with gross non-performing assets at 5.87% of total loans as of June-end,
against 5.82% a quarter earlier. The automobile sector would also be in focus on Monday and
Tuesday, as companies in the sector report their sales numbers for July.

( www.rupeedesk.in )
Posted by

Indian Market Outlook for the week – 27.06.2016 to 01.07.2016, To recover next week; F&O rollovers eyed

Indian Markets Outlook for the week – 27.Jun.2016 to 1.Jul.2016
To recover next week; F&O rollovers eyed
( www.rupeedesk.in ) 

Indian equities are likely to recoup losses made on account of the UK's vote to exit the European
Union and show resilience in the coming week since the focus is seen shifting to domestic triggers
such as the progress of monsoon. Market participants believe the impact of 'Brexit' is not likely to
sustain and the underlying bias is positive, although the market will closely monitor global
developments, particularly in Europe.

Volatility is likely as the June derivative series will expire on Thursday, with investors rolling over their positions to the July series. The fact that markets recovered partially shows that the worst is over. This is a good opportunity to buy on dips.

During the week, Nifty 50 is seen trading in the range of 8000-8300 points. Yesterday, the index
ended well above the 8000-mark at 8088.60, but down 181.85 points or 2.2%. Intraday, the index
touched a low of 7927.05 points. After falling to the day's low of 25911.33, the Sensex ended at
26397.71, down 604.51 points or 2.2%. The June futures of Nifty 50 settled at 8086.90 yesterday, at
a discount of 1.7 points to the spot index, compared with the 13-point discount intraday as short
positions got covered. Open interest in the contract fell 15.43% to 13.44 mln. We seen the reaction
in the global markets to the UK referendum is an exaggerated one. Any reaction of this sort presents
a buying opportunity.

Trends in the global markets and monsoon will also lend cues to shares next week. The progress of
monsoon so far is satisfactory. Another positive is the latest policy announcements to encourage FDI
in several sectors. It is also noted that midcaps have been fairly resilient through the fall yesterday.
Sectors looking positive on Agriculture and consumption-related stocks, while it is bearish on
companies that have exposure to the UK, such as Tata Motors, Tata Steel and selected pharmaceutical companies. Another positive that the market may see on account of the UK's exit is the fall in commodity prices, particularly crude oil. This fall will aid reduction of India's current account deficit and also inflation rates which would create room for the Reserve Bank of India to ease interest rates.

Among stocks, stocks of Tata Motors are seen extending losses and may fall up to 400 rupees in the
short-term. According to reports, the company's UK-based arm Jaguar Land Rover's annual profits
could fall by 1 bln pound sterling up till 2020 due to 'Brexit'. JLR contributes 90% to Tata Motors'
revenues, while the UK market contributes 20% of the sales. Yesterday, the stock was the worst hit on Nifty 50, down nearly 8% at 449.40 rupees.

( www.rupeedesk.in ) 
Posted by

Indian Market Outlook for the Week – 20 to 24.06.2016 'Brexit' referendum in focus next week; bias firm

Indian Markets Outlook for the week – 20.Jun.2016 to 24.Jun.2016
'Brexit' referendum in focus next week; bias firm
( www.rupeedesk.in ) 

All eyes would be on UK's referendum on the country's membership in the European Union on Thursday, and the uncertainty surrounding it may keep investors on the side lines next week, even though market participants believe that the underlying bias in equities is positive. The British Referendum is once a century type of event which could have a systemic bearing on some of the industries and companies. As of yesterday, the 8000-put of Nifty 50 has the maximum open interest, which indicates that the index may find support at that level in case investors adopt a risk-averse approach and sell equities ahead of the referendum. 

Yesterday, the Nifty 50 ended 0.4% higher at 8170.20, while the S&P BSE Sensex gained 0.4% at 26625.91, after concerns over 'Brexit' abated. The possibility of UK staying in the Union seem higher, with market participants expecting undecided voters to swing towards the 'Remain' campaign after the murder of British Member of Parliament Jo Cox, a backer of the 'Remain' campaign, by an alleged 'Britain First' supporter. The market is indicating that 'Brexit' may not happen as UK'S undecided voters may choose to stay in the Union after Cox's murder. The cascading effects of UK exiting the European Union on the global economy are unclear, but many market participants fear it could cause disintegration of UK itself, and worse still, that of the European Union.

This is only one of the several headwinds that threaten the very existence of the Euro-zone which appears totally dysfunctional and unable to address many social and economic problems that confront it. Ironically, as we often see in the case of a bad marriage the area is bound together more out of the fear of what will happen if it dissolves rather than because the relationship is working well.  

STOCKS IN FOCUS

Tata Motors would be the stock in focus on account of UK's referendum. Earlier this month, Tata Motors's UK-based subsidiary Jaguar Land Rover Automotive Plc said it supported UK's continued membership of the European Union. It expects the company's key metrics to be hit if UK exits. Wockhardt is another company which has significant exposure to the UK, and a weak pound sterling may hit the company's performance in Apr-Jun. Among other stocks, Bharti Infratel is expected to continue trading weak after the stock declined nearly 10% this weak following ratings downgrades by Bank of America Merrill Lynch and Goldman Sachs.

 ( www.rupeedesk.in ) 
Posted by

Indian Market Outlook for the week – 02 to 06.05.2016 Seen choppy next week; earning, global markets eyed

Indian Markets Outlook for the week – 02.May.2016 to 6.May.2016
(Seen choppy next week; earning, global markets eyed)
( www.rupeedesk.in ) 


Domestic share indices are seen trading choppy next week, with corporate earnings for the March
quarter, movement in the global markets, developments in the on going Budget Session of Parliament, and April automobile sales figures seen as key triggers for equities. We do not see any
sharp gains in the benchmark indices and expect the Nifty 50 index to stay below the important
psychological barrier of 8000 points. On technical charts, the Nifty 50 seen facing strong resistance
around 7980 points, while losses for Nifty 50 are also seen capped at 7780, which is the 200-day
exponential moving average for the index.

Yesterday, the Nifty 50 and the S&P BSE Sensex ended flat at 7849.80 points and 25606.62,
respectively. The Nifty Bank index is expected to trade with a positive bias and the index is seen
testing the 17000-point mark, even as it finds support at 16400 points. Yesterday, the index ended
up 0.5% at 16795 points. The stock in focus yesterday was ICICI Bank, which is seen rebounding
towards 251 rupees next week, after having ended 1.3% lower at 236.95 rupees yesterday, as the
bank said it will take time to recover loans in stressed sectors such as metals, mining, power, and
cement. The automobile sector would be in focus next week as companies report their sales numbers for April.

April usually witnesses higher despatches of two-wheelers and tractors because of the marriage
season, and therefore we expect a good performance from two-wheeler and tractor OEMs. We
expects Tata Motors and Ashok Leyland to report robust sales numbers in the commercial vehicles
segment, with Hero MotoCorp likely to post growth for the fourth consecutive month. Yesterday, the stock declined 6.3% at 118.55 rupees as short positions were added in its May futures on account of profit booking. Investors were also concerned that increasing competition in the sector could lead to a rise in debt. On the other hand, HCL Technologies is expected to trade weak after having ended down 6.2% at 750.30 rupees.

EARNINGS IMPACT

Next week, Housing Development Finance Corp, Adani Ports and Special Economic Zone, Eicher Motors, Hero MotorCorp, and Grasim Industries are the Nifty 50 constituents that will report their
Jan-Mar earnings. Housing Development Finance Corp will report its earnings on Monday. Steady
core operating income and a sharp surge in total income are seen lifting the company's net profit by
20% to 22.38 bln rupees. Other companies that will report their earnings next week are Adani  power, Jindal Steel and Power, Godrej Properties, Emami, New Delhi Television, NIIT Technologies, and Pfizer.

 ( www.rupeedesk.in ) 
Posted by

Indian Market Outlook for the week – 25 to 29.04.2016 (Earnings to set trend next week; Reliance in focus)

Indian Markets Outlook for the week – 25.Apr.2016 to 29.Apr.2016
(Earnings to set trend next week; Reliance in focus)
 ( www.rupeedesk.in ) 



Next week, more momentum is likely to be seen in specific stocks rather than benchmark indices, as several companies are scheduled to report quarterly earnings. Besides, the April futures contracts will expire next week, which will introduce volatility in equities.

Among several other stocks, Reliance Industries will be on top of the radar for investors as the index-major reports earnings later. The stock has seen very little action in the past two-three sessions, indicating reluctance among investors to take positions before the
earnings. Even if earnings are positive, market participants see gains in shares of RIL capped at 1,100.00 rupees. Yesterday, the stock ended down 0.2% at 1,038.95 rupees.

The underlying bias for the market remains positive as benchmark indices have ended
in the green for the second consecutive week, despite ending down today due to profit
booking. Market participants are bullish on the banking pack, especially the public
sector ones, and expect them to continue their northward journey next week.
Posted by

Indian Market Outlook for the week – 04 to 08.04.2016 RBI policy eyed next week; 25-bps rate cut seen

Indian Markets Outlook for the week – 4.Mar.2016 to 8.Mar.2016
RBI policy eyed next week; 25-bps rate cut seen
( www.rupeedesk.in ) 


For the coming week, all eyes would be on the Reserve Bank of India's monetary policy, scheduled for Tuesday, before which indices are seen trading in a narrow range with a positive bias as investors
maintain caution. Our base case (scenario is) that Governor Rajan cuts (interest rates by) 25 bps on
Tuesday (and August) but signals a pause in June. A dovish scenario would be the RBI cutting key
interest rates by 50 basis points and supporting more liquidity by reducing cash reserve ratio by 25 bps or increasing the open market operations. In our view, this (a dovish scenario) is a low probability event.

In the third situation, the sentiment may be weighed down by hawkish comments from RBI Governor
Raghuram Rajan, citing multiple risks to the RBI's 5% inflation target for 2016-17 (Apr-Mar), such as a possible third El Nino year or a rebound in oil prices, or a probable rate hike by the US Federal
Reserve in June that may weaken the rupee. We see this (the hawkish outlook) as an even lower
probability event as high lending rates have pulled down growth to an estimated 4.6% in the December quarter in the old GDP series. Banks and other rate sensitive sectors--capital goods, infrastructure, automobiles, and real estate--are likely to be in focus on account of RBI's monetary policy.

The index yesterday ended 0.2% higher at 16174.90 points on hope of a 25-bps rate cut by the RBI.
We believe markets have factored in a 25-bps rate cut and will rise if the RBI cuts rates by 50 bps.
Domestic markets are also seen taking cues from global markets, where investors are grappling with
fears of a slowdown in world economy and central banks' measures to ease monetary policy which are
not seen having much effect. Domestic benchmark indices declined yesterday, tracking weakness in
the global markets. Sentiment world over was hit as a reading of Tankan survey of manufacturers'
sentiment by Bank of Japan for Jan-Mar halved on quarter, raising concerns that the central bank's
negative interest rate policy was doing little for the country's growth.

The Nifty 50 and the S&P BSE Sensex ended down 0.3% each at 7713.05 points and 25269.64 points,respectively. The automobile sector would also be in focus as many companies report their sales numbers for March. Post market hours yesterday, Tata Motors reported its total sales of 53,057 units, which were up just 1% on year. Stocks of Tata Motors ended down 1.8% at 379.65 rupees.

Among the defensives, pharmaceutical stocks are seen trading with a negative bias next week on account of regulatory concerns surrounding many companies.
Posted by

Indian Markets Outlook for the week – 1.Feb.2016 to 5.Feb.2016 RBI policy, earnings, global market eyed next week

Indian Markets Outlook for the week – 1.Feb.2016 to 5.Feb.2016
RBI policy, earnings, global market eyed next week
( www.rupeedesk.in ) 

The Reserve Bank of India's monetary policy, Oct-Dec corporate earnings, January
automobile sales numbers, and the movement of crude oil and global equities will set
the trend for equities next week. Consensus shows the Indian central bank is likely to
keep interest rates unchanged at its sixth bi-monthly monetary policy on Tuesday in
the backdrop of recent volatility in financial markets, and the impending Union
Budget for 2016-17 (Apr-Mar). In the absence of uncertainty over interest rates,
market participants will closely monitor the RBI's stance. They expect interest rates to
remain accommodative and data-dependent.

While the tone is likely to be dovish, the RBI, in our view, will also take a moment to
remind markets of its medium-term 4% CPI (consumer price index) target, suggesting
any additional space that does open up will be measured. Through the week, cues
from global markets and the movement of crude oil prices will also be eyed as the
sustainability of gains in global equities will also depend on whether the rebound in
crude oil prices is backed by a follow-up buying. Russia's meeting with the
Organization of the Petroleum Exporting Countries will also be in focus, as crude oil
prices are expected to further gain if major oil producers agree to cut production, to
overcome the glut of crude oil.

On the Intercontinental Exchange Europe, the West Texas Intermediate March crude
oil futures were trading at $33.67 a barrel, up over 1% from the previous close.
Yesterday, indices ended nearly 2% higher each, aided by firm cues from global
markets. Nifty 50 ended the session at 7563.55, up 138.90 points or 1.9% from the
previous close, intraday testing a low of 7402.80 points, and high of 7575.65 points.
Sensex ended at 24870.69, up 401.12 points or 1.6%, intraday moving between
24340.06 and 24911.90 points. The February futures of Nifty 50 ended at 7568.05, at
a premium of only 4.5 points to the spot index, and open interest in the contract rose
2.9% to 19.37 mln.

Tracking the gains in the broader market, the India VIX or volatility index fell 3.7%
to 17.2400. Today, foreign portfolio investors were net buyers of shares, stock and
index futures worth 24.40 bln rupees, data showed. Domestic institutional investors
bought shares worth 2.40 bln rupees.

Next week, Nifty 50 constituents which will announce earnings include Tata Power
Co, Tata Steel, Lupin, Bajaj Auto, Bosch, and Tech Mahindra. On Monday, shares of
Larsen & Toubro will be in focus, and are expected to fall as the engineering major,
post market hours today, cut its order inflow guidance for 2015-16 to flat from 5-7%
earlier. Companies in the automobile space will be in focus as they will announce
their sales numbers for January. The performance of the segment is expected to be
mixed, with four-wheelers and commercial vehicles likely to show growth year on
year, while two-wheelers and tractor sales may remain muted.
( www.rupeedesk.in ) 
Posted by

Indian Markets Outlook for the week – 25.Jan.2016 to 29.Jan.2016 ((Gains seen capped; earnings, global cues eyed))

Indian Markets Outlook for the week – 25.Jan.2016 to 29.Jan.2016
(Gains seen capped; earnings, global cues eyed)
( www.rupeedesk.in ) 

The relief rally witnessed in equities yesterday may continue next week provided the
recovery in crude oil prices and global markets sustain. Next week, investors globally
will be eyeing monetary policy decisions of US Federal Reserve and Bank of Japan.
The focus will be more on the commentary of US Fed, particularly after the sharp fall
in crude oil prices. The Fed will hold its two-day meeting on Jan 26-27 and Bank of
Japan on Jan 28-29.

Back home, next week, which a truncated one, will mark the expiry of the January
futures contract and therefore, volatility is set to be high. Indian markets are closed on
Tuesday for Republic Day. Moreover, several companies are scheduled to report
earnings next week, which will also keep action largely stock-specific. After ending
with over 20% losses from their recent highs on Thursday, benchmark indices
recovered smartly yesterday and ended 2% higher as crude oil prices rebounded from
their 12-year lows. Besides, comments from European Central Bank chief Mario
Draghi on Thursday led to prospects of more stimuli from the central bank,
comforting investors.

Yesterday the National Stock Exchange's Nifty 50 ended above the 7400-mark at
7422.45, up 145.65 points or 2.0%, and S&P BSE's Sensex closed at 24435.66, up
473.45 points or 2.0% from close Thursday. We think it (the recovery in the market)
will be more of a short-lived phenomenon. But we believe long-term investors should
use the sharp correction in stocks to accumulate. That the recovery in the market was
purely on the back of covering of short positions was clear from the futures data, as
the January futures contract of Nifty 50 saw an over 5% fall in open interest. But there
are some optimists in the market who believe Indian equities are done seeing major
sell-off and are set for a bounce back. A recovery was certainly due in the market and
it looks like we should see this pullback sustaining.

Earnings Watch

Besides eyeing global developments, the market will continue to focus on corporate
earnings. Nifty 50 companies detailing their Oct-Dec earnings next week include
Bharti Airtel, ICICI Bank, HDFC Bank, HDFC, Larsen & Toubro, Maruti Suzuki
India, NTPC, Vedanta and Power Grid Corp of India.

( www.rupeedesk.in )
Posted by

Indian Market Outlook for the week – 11 to 15.01.2016 (Economic data, earnings eyed next week; bias weak)

Indian Markets Outlook for the week – 11.Jan.2016 to 15.Jan.2016
(Economic data, earnings eyed next week; bias weak)
 ( www.rupeedesk.in ) 


Domestic economic data, Oct-Dec earnings and movements in global
markets will determine the trend for local equities next week, but the
underlying bias is weak as concerns persist on Chinese economy.

Due to the event-loaded week, volatility in the market will be high. We
are expecting a volatile week; hence, short-term traders are advised to
take caution, specially while dealing in mid and small-cap scrips.

On a weekly basis, indices have registered losses of more than 4%,
weighed down by the rout in Chinese markets after People's Bank of
China sharply devalued yuan.

ECONOMIC DATA

India's industrial production data for November and consumer price
inflation for December will be released by the Central Statistics Office
after market hours Tuesday, which will keep trade range bound on
Monday.

India's industrial production likely expanded 5.4% in November. Though
October's increase was largely due to base effects, conditions are on the
mend in India.

In October, IIP came in at a five-year high of 9.8% largely due to a
favourable base effect. Meanwhile, headline consumer price inflation is
expected to rise further in December from a 14-month high of 5.41% in
November.
 ( www.rupeedesk.in )
Posted by

Indian Market Outlook for the week – 04 to 08.01.2016 (Seen positive next week; auto, IT companies in focus)

Indian Markets Outlook for the week – 04.Jan.2016 to 08.Jan.2016
(Seen positive next week; auto, IT companies in focus)
 ( www.rupeedesk.in ) 


Stock indices are likely to trade positive next week as investor
participation in the market is expected to return without significant selling
pressure. Also, a positive trend in global markets, if any, may aid gains
in local equities.

Information technology companies, which are generally the first ones to
start detailing their quarterly earnings, are likely to be in focus as they
react to earnings estimates for Oct-Dec.

Stocks of automobile companies, who did not detail sales numbers during
market hours yesterday, and will likely do so over the weekend, will also
be in focus. Stocks of public sector banks, which have seen buying
interest this week, may extend gains, even though they are expected to be
short-lived.
Posted by

Indian Market Outlook for the week – 15.Jun.2015 to 19.Jun.2015 (Stock indices are seen extending losses)

Indian Markets Outlook for the week – 15.Jun.2015 to 19.Jun.2015 
(Stock indices are seen extending losses)
( www.rupeedesk.in ) 

Stock indices are seen extending losses as sentiment remains bearish after they ended at eight-month lows Thursday. According to provisional data on the National Stock Exchange website, foreign institutional investors net sold Indian stocks worth 6.23 bln rupees on Thursday.

The Fed (US Federal Reserve) meeting next week, bad earnings, rise in crude and weak rupee are all cumulatively weighing on the market. Some caution during the day is expected ahead of the industrial output data for April and headline inflation rate for May, which are due after market hours.

India's headline inflation rate, based on the new Consumer Price Index (Combined), is likely to inch up to 5.0% in May on the back of higher fuel and vegetable prices. Industrial production growth is likely to ease to 1.3% in April, despite a low base, due to poor core sector output, weak exports and manufacturing activity.

Among individual stocks, shares of Reliance Industries may be under pressure as the Bombay High Court Thursday refused the company's plea to restrain shareholders from making allegations, ranging from siphoning of funds to physical restraining of a shareholder, in company's annual general meeting.

Product approvals from US Food and Drug Administration for Lupin and Orchid Chemicals & Pharmaceuticals are set to take their shares higher.

( www.rupeedesk.in )
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