Rupeedesk Consultancy

Indian Market Weekly Outlook & Sectorwise Stocks Outlook for the Week - 4.Jul.2016 to 8.Jul.2016

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Indian Markets Outlook for the week – 4.Jul.2016 to 8.Jul.2016 (Positive next week; Bosch, auto sector in focus)


The stock indices are seen trading with a positive bias next week as sentiment continues to be buoyed by the recovery in global markets and the satisfactory progress of the monsoon. The recent government policy initiatives and moves to increase investment in the infrastructure sector are also seen lifting sentiment.

The implementation of Seventh Pay Commission, good development in monsoon and revised capex (capital expenditure) in road and railway has increased expectation on corporate earnings in the medium-term. According to India Meteorological Department, the country received 145.4mm of rain in June, about 11% below the normal weighted average of 163.6 mm for the month. The weather bureau had earlier said rainfall in June would be "slightly below-normal".

In 2014 and 2015, India received 12% and 14% below-normal rains, respectively. Among, shares of automobile companies are seen in focus as they detail their monthly sales numbers for June. The shares of TVS Motor are seen gaining as the company's total sales in June jumped to 247,085 units from 222,017 units a year ago. Shares of Reliance Industries and State Bank of India will also be in focus as the two have entered into a 70:30 joint venture to set up a payments bank. )