Rupeedesk Consultancy

Showing posts with label SECTORWISE STOCKS OUTLOOK. Show all posts
Showing posts with label SECTORWISE STOCKS OUTLOOK. Show all posts

Indian Market & Sectorwise Stocks Outlook for the Week - 14.Sep.2015 to 18.sep.2015

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Telecom Stocks Outlook for the week – 14 to 18.09.2015 (Bounceback seen post spectrum trading nod)

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( www.rupeedesk.in )

All eyes will be on the US Federal Reserve next week as the central bank is holding its two-day
monetary policy meeting on Wednesday to decide on hiking interest rates for the first time in nearly a decade.

On Monday, indices will react positively to better-than-expected July industrial growth data.
However, volatility is likely to increase as the outcome of the Fed meeting gets closer. Comments of US Fed officials regarding recent economic data have not given a clear indication whether a rate hike is imminent.

After remaining closed on Thursday for Ganesh Chathurthi, domestic equity market will react to the outcome of the Fed meeting on Friday. On Monday, indices may open up as India's industrial growth in July came in at 4.2%, higher than estimate of 3.4%. It was 4.4% a month ago.

Focus will also be on the headline inflation rate based on the CPI (Combined) for August, due after market hours on Monday. The headline inflation rate is expected to fall to a nine-month low of 3.5% in August from 3.78% a month ago due to statistical effect of a high base.

While some market participants said the domestic equities could see a knee-jerk downside reaction next week if Fed hikes rates, others believe that a rate hike has been factored in and a significant fall is unlikely.

The most likely scenario is that the Fed will say time for hiking rates is getting closer. The second most likely scenario is that they will hike by a small amount and signal that there are more hikes to come. However, a delay in rate hike by the US Fed to October or December could stall capital inflows in the country till winter due to the uncertainty over revival in corporate earnings and the Bihar Assembly elections.

 ( www.rupeedesk.in )
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24.Aug.2015 - 28.Aug.2015 - Weekly Indian Market & Sectorwise Stocks Outlook

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Metal Stocks Outlook for the week – 24 to 28.08.2015 Seen range bound with a positive bias

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Concerns over slowdown in the global economy will continue to weigh on market sentiment in the coming week, with benchmark indices likely to fall further. Amid the persisting weak sentiment, one stock that will be in the limelight on Monday is Indian Oil Corp, in which the government will divest 10% stake through an offer for sale on Monday. Yesterday, stocks of Indian Oil ended down 0.7% at 394.85 rupees. The uncertainty in the global markets seems to have offset the news of government considering giving relief to foreign institutional investors on the minimum alternate tax issue.

The news is unlikely to soothe market sentiment in a big way. It will provide initial support but if the macro overhang continues, not too much positive will come out of this. Moreover, expiry of the August futures contracts on Thursday will keep trade volatile during the week. We expect the August futures contract of the National Stock Exchange's Nifty to expire around 8300 points. The likely weakness in the rupee will also weigh.

Yesterday, the rupee ended at 65.8250 per dollar, its lowest closing since Sep 5, 2013. Worries that a slowdown in the Chinese economy will translate into slower global growth saw the Nifty and the S&P BSE Sensex falling 2.6% and 2.5%, respectively, this week.

The benchmark indices have effectively erased all the gains made this year. Besides global concerns, persisting worries over lack of progress on key legislations and pick-up in earnings growth, and uncertainty over the US Federal Reserve's rate hike move have led to the gradual weakening in domestic equities. Year to date, Nifty is up 0.2% and Sensex is down 0.5%.

Yesterday, Nifty and Sensex ended at a two-month low. Nifty closed at 8299.95, down 72.80 points or 0.9% and Sensex ended at 27366.07, down 241.75 points or 0.9%. Banks and Metal stocks are likely to extend losses and a stock-specific approach next week.
( www.rupeedesk.in )
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