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========================================================================Telecom Stocks Outlook for the week – 13 to 17.02015
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Indian Markets Outlook for the week – 13.Jul.2015 to 17.Jul.2015 (Economic data and earnings eyed next week)
( www.rupeedesk.in )
A host of factors such as developments in global markets, corporate earnings for Apr-Jun, and
domestic economic data will lend cues to benchmark indices next week. Data released post market
hours yesterday showed that industrial growth in May came in at 2.7%, lower than the expected
4.0%. Inflation data for June, based on the Consumer Price Index and Wholesale Price Index will be
detailed on Monday and Tuesday, respectively.
We expect inflation based on CPI is likely to have remained largely unchanged at 5.1% balanced by
the rise in vegetable prices and moderation in fuel prices. Inflation based on WPI, meanwhile, is
likely to rise to a four-month high of (-) 2.2% primarily due to a rise in vegetable prices.
On the earnings front, IndusInd Bank, Zee Entertainment Enterprises, and ACC are the National
Stock Exchange's Nifty constituents which will detail their Apr-Jun numbers next week. Other
companies include MindTree, NIIT Technologies, HT Media, South Indian Bank, Cyient, DB Corp,
Mastek, Credit Analysis and Research, CRISIL, NIIT and Federal Bank.
Globally, the movement in overseas markets, particularly China will be watched. Developments in
Greece as it negotiates with its creditors will also be tracked. The reforms package submitted by
Greece to creditors on Thursday will be put before the Greek Parliament yesterday. The package will
be discussed at the European Union summit over the weekend.
Share indices are seen moving in a narrow range next week following this, with trader sentiment
remaining cautious to slightly positive on the back of movement this week. Despite the turmoil in
global equities, Nifty and the S&P BSE Sensex have ended with a loss of 1.5% each for the week.
The domestic stock market has remained largely insulated in the current Chinese equity market
crash. FIIs (foreign institutional investors) have started to turn positive on Indian equities of late
while incremental fund flows could continue in Indian equities.
A host of factors such as developments in global markets, corporate earnings for Apr-Jun, and
domestic economic data will lend cues to benchmark indices next week. Data released post market
hours yesterday showed that industrial growth in May came in at 2.7%, lower than the expected
4.0%. Inflation data for June, based on the Consumer Price Index and Wholesale Price Index will be
detailed on Monday and Tuesday, respectively.
We expect inflation based on CPI is likely to have remained largely unchanged at 5.1% balanced by
the rise in vegetable prices and moderation in fuel prices. Inflation based on WPI, meanwhile, is
likely to rise to a four-month high of (-) 2.2% primarily due to a rise in vegetable prices.
On the earnings front, IndusInd Bank, Zee Entertainment Enterprises, and ACC are the National
Stock Exchange's Nifty constituents which will detail their Apr-Jun numbers next week. Other
companies include MindTree, NIIT Technologies, HT Media, South Indian Bank, Cyient, DB Corp,
Mastek, Credit Analysis and Research, CRISIL, NIIT and Federal Bank.
Globally, the movement in overseas markets, particularly China will be watched. Developments in
Greece as it negotiates with its creditors will also be tracked. The reforms package submitted by
Greece to creditors on Thursday will be put before the Greek Parliament yesterday. The package will
be discussed at the European Union summit over the weekend.
Share indices are seen moving in a narrow range next week following this, with trader sentiment
remaining cautious to slightly positive on the back of movement this week. Despite the turmoil in
global equities, Nifty and the S&P BSE Sensex have ended with a loss of 1.5% each for the week.
The domestic stock market has remained largely insulated in the current Chinese equity market
crash. FIIs (foreign institutional investors) have started to turn positive on Indian equities of late