Showing posts with label INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK. Show all posts
Showing posts with label INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK. Show all posts

INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 25 to 29.05.2015

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FMCG Stocks Outlook for the week – 25 to 29.05.2015

Oil Stocks Outlook for the week – 25 to 29.05.2015

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Indian Markets Outlook for the week – 25 to 29.05.2015


Indian Markets Outlook for the week – 25 to 29.05.2015
 Jan-Mar earnings, expiry to be key next week
( www.rupeedesk.in )
With an action packed week ahead as many Nifty companies are scheduled to release their Jan-Mar earnings and the US will releases its economic growth data, share indices are seen moving within a range, but may also witness volatility due to expiry of May derivatives expiry on Thursday. Data on the US economic growth for Jan-Mar and housing starts for April will be looked at next week. While the data from the US may impact the market, its affect will be less than of local factors.

With the May derivatives contract expiring on Thursday, the market is likely to be volatile over the week as traders rollover their positions to the June series. The Nifty ended up 0.4% at 8458.95 points while S&P BSE Sensex ended at 27957.50 points. Public sector banks are seen weak, especially after State Bank of India reported its Jan-Mar earnings. In the immediate term banks, especially public sector banks, will perform poorly as SBI was a
sentimentally strong result. In the long term we see SBI as a good stock as asset quality would improve with better macro environment.

State Bank of India reported a net profit of 37.42 bln rupees for Jan-Mar against estimates of 36.72 bln rupees. The bank also reported a 70 bps decline in its gross non-performing assets ratio, with its gross NPAs falling to 567.25 bln rupees from 619.91 bln rupees as of the end of December. However, the bank sold 45.10 bln rupees of assets to asset restructuring companies, which the equity markets took as an explanation for the reduction in NPA ratio. Stock prices of the company declined 2.7% to 282.45 rupees.


Large-cap information technology stocks are also likely to do well while mid-caps are seen subdued, due to the steady depreciation in the rupee. Tech Mahindra, Tata Motors, Bharat Heavy Electricals, Coal India, Hindalco Industries, NMDC, Oil and Natural Gas Corp, Power Grid Corp of India, Cipla, Mahindra and Mahindra, Sun Pharmaceutical Industries and Larsen & Toubro are the Nifty companies reporting their earnings next week. Bosch, which will be included in the Nifty on May 29 at the expense of IDFC, will be reporting its Jan-Mar earnings on the same day. Other companies reporting their Jan-Mar earnings next week are Glenmark Pharmaceuticals, Jindal Steel and Power, ABG Shipyard, Ipca Laboratories, Bank of India, United Spirits, and United Breweries, among others

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INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 11.05.2015 to 15.05.2015

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Telecom Stocks Outlook for the week – 11 to 15.05.2015

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(www.rupeedesk.in)

Stock indices will take direction from developments in Parliament over key bills,
domestic economic data and corporate earnings next week. Although equities rebounded yesterday, we cannot get carried away with the recovery just yet as the gains have to besustained, which depends on factors such as progress of the Goods and Services Tax bill and the Land Acquisition bill, movement in crude oil prices, rupee and quarterly results. The Budget session of the Lok Sabha and the Rajya Sabha will conclude on May 13.
The indices ended up nearly 2% following formation of a panel by the government to
resolve Minimum Alternate Tax on foreign institutional investors’ issue. Appreciation of
the rupee, fall in crude oil prices and stabilisation of government bond prices globally
also aided gains.

Government's move to set up a high level committee to decide MAT issue could reduce
FII's concerns over the medium term. But the risks prevailing with Q4 (Jan-Mar earnings)
and outcome of key bills still remain. That the downtrend is not over yet is corroborated by the fact that foreign institutional investors remained net sellers even yesterday. On Monday, stock indices will take cues from global markets' reaction to the US non-farm payrolls data for April.

On Tuesday, the Central Statistics Office will release Consumer Price Index based
inflation data for April and Index of Industrial Production data for March.
Greece will also be in focus on Tuesday as the country has to pay back around 750 mln
euros of principal to the International Monetary Fund. On the earnings front, Dr Reddy's
Laboratories, Lupin and Bank of Baroda are the Nifty companies detailing Jan-Mar
earnings next week. We are positive on private bank, information technology and fast moving consumer goods shares next week while PSU banks are likely to extend losses.

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INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK:04.05.2015 to 08.05.2015

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Metal Stocks Outlook for the week – 04 to 08.05.2015

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Stock indices are expected to tread lower in the coming week amid lack of any positive fundamental triggers, and lack of clarity on whether foreign institutional investors will have to pay minimum alternate tax for earlier transactions. Finance Minister Arun Jaitley, in his reply to a debate on the Finance Bill 2015, which was passed by the Lok Sabha today, said FIIs will not have to pay MAT from the current financial year and that its levy for the previous years would depend on a Supreme Court order.

Retrospective taxation fears and weak corporate earnings will continue to weigh heavily on the market. Introduction of key policy bills such as the one on Goods and Services Tax will be keenly watched next week. Indices have lost 1.5% each this week, and market participants believe further fall is on the cards. FIIs have been continuously on the short side. Also quarterly results are weak and monsoon is also not expected to be good. So fundamentally there are no positives. Market participants expect the National Stock Exchange to find initial support at 8100 points, breaching which sub-8000 levels on the index are likely to be seen.

Some market participants said a bounce back could be seen next week but the overall weak
sentiment would restrict any gains. Others advised utilising any bounce back to sell stocks.
Last trading day, the National Stock Exchange's Nifty ended at 8181.50, down 58.25 points or 0.7% from Wednesday's close, after testing a low of 8144.75 and a high of 8229.40 intraday. The S&P BSE Sensex closed at 27011.31, down 214.62 points or 0.8%. During the day, the Sensex touched a low of 26897.54 and a high of 27242.05.
Sector wise, market participants expect private banks and real estate stocks to extend gains next week. Market participants are bullish on private banks as some of them reported better-thanexpected Jan-Mar earnings this week.

Real estate stocks may extend gains next week as the government today said MAT will be exempted for gains from sale of real estate investment trust units. Tyre makers are set to gain on Monday as the finance minister said last day that the government would soon hike import duty on rubber to 25% from 20% at present.

On the earnings front, Kotak Mahindra Bank, Hero MotoCorp, Punjab National Bank, Grasim Industries and Hindustan Unilever will detail results for the quarter ended March next week. Others reporting Jan-Mar results next week include Adani Ports and Special Economic Zone, IDBI Bank, SKS Microfinance, Dabur India, South Indian Bank, Allahabad Bank, Eicher Motors and Titan Co.


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INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 20.04.2015 to 24.04.2015

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( www.rupeedesk.in )
Indian equities will take cues from corporate earnings and the second half of the Budget session of Parliament next week. Any clarity on land acquisition bill and GST (Goods and Services Tax) will be encouraging. The second half the Budget session will start on Monday. The sentiment remains weak after the sharp decline in the last three sessions.

Moreover, data released after market hours last week showed that the country's trade deficit
increased to $11.79 bln in March from $10.95 bln a year ago. Exports during the month fell 21.1% on year to $23.95 bln and imports declined 13.4% to $35.74 bln.
The weak data is seen adding further pressure to the indices on Monday. For the next week, National Stock Exchange's Nifty is expected to move in the range of 8400 and 8750 points next week.

Yesterday, the 8700-call option added over 1 mln in open interest. The 8700- and 8800-call options held the maximum open interest, indicating stiff resistance for the index around these levels. Though defensive counters are also witnessing excessive volatility these days but they are still better in comparison to high beta midcap counters for trading. On the earnings front, HCL Technologies, HDFC Bank, YES Bank, Cairn India, Infosys, and Wipro are Nifty constituents detailing their Jan- Mar earnings next week.

Other companies include LIC Housing Finance, Titagarh Wagons, Hindustan Zinc, Tata Sponge Iron, Persistent Systems and Siemens. Reliance Industries is seen rising next week as the oil and gas major reported better-than-expected numbers for the Jan-Mar quarter.
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INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 13.Apr.2015 - 17.Apr.2015

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Oil Stocks Outlook for the week – 13 to 17.04.2015

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 ( www.rupeedesk.in )

Ahead of the start of the Jan-Mar earnings season, market sentiment will remain cautious as
participants’ eye key economic data to be released next week. The Central Statistics Office is
scheduled to detail headline inflation based on the Consumer Price Index for March on Monday.

Through the week, the trend in global markets and earnings from a few companies will also be watched. On Tuesday, markets will remain shut for Dr. Baba Saheb Ambedkar Jayanti. Annual inflation rate for March, based on the Wholesale Price Index, which is likely to be released on Wednesday, is seen inching up to (-)1.9%, primarily because of the hike in petrol and diesel prices. 

 We expect Q4FY15 (Jan-Mar) Nifty earnings to decline by 0.6% similar to decline of 0.6% in Q3FY15 (Oct-Dec). The deceleration in PAT (net profit) growth can be attributed to weak performance expected by metals, oil and gas, power equipment and construction stocks.


Among Nifty constituents, ACC, Tata Consultancy Services and IndusInd Bank will detail their earnings next week. Other companies include DCB Bank, Network18 Media and Investments, TV18 Broadcast, Mindtree and CRISIL Ltd. Shares in the mid-cap space, which have been outperforming their larger peers, are also likely to be in focus. These stocks are expected to continue gaining.
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INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK 06.Apr.2015 - 10.Apr.2015

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Oil Stocks Outlook for the Week – 06 to 10.04.2015

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Movement in benchmark stock indices is expected to depend on the Reserve Bank of India's
monetary policy, news flow ahead of Jan-Mar corporate earnings and global developments.
Last week Wednesday, there was talk in the market that the central bank would further ease its monetary policy in its meeting on next week Tuesday. The RBI has already cut its benchmark lending rate by 50 basis points this year.

Though corporate earnings are not expected to be released next week, the market is likely to react to news flow ahead of Jan-Mar results season. Earnings in Jan-Mar may be at par or slightly better than the previous quarter. However, a recovery would only take place in the September quarter.

On the international front, details from the US Federal Open Market Committee's monetary policy meeting will be released on Wednesday. As we have a long weekend ahead, participants should keep a close watch on global cues as they may influence the early trades on Monday.

Traders should uphold stock-specific trading approach and prefer counters from private banking, automobile, infrastructure and Pharmaceutical space for fresh buying. On the other hand, further rebound in PSU banking, energy and metal and realty space may attract selling pressure so plan your positions accordingly.

Information technology stocks are expected to continue their decline next week after HCL

Technologies stated that appreciation in the dollar would negatively impact their Jan-Mar revenue and earnings before interest and tax margin.

( www.rupeedesk.in )
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INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 30.Mar.2015 - 01.Apr.2015

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Cement Stocks Outlook for the week - 30.03.2015 to 01.04.2015


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Indices are seen correcting in the upcoming truncated week, which is expected to see thin
volumes on account of the extended weekend cutting the week short.

Index heavyweight ITC is seen declining heavily after the Delhi government notified of a ban on most tobacco products. Other companies dealing with tobacco--Godfrey Phillips and VST
Industries--are also expected to fall.

Developments over the Yemen crisis, and currency and crude oil price movements will also lend cues to domestic markets.

The Nifty is seen facing resistance at 8450, and seeing support at 8100, having ended at 8341.40, down 0.75 points or flat from Thursday's close. The S&P BSE Sensex closed at 27458.64, up 1.06 points or flat. However, market participants do not rule out a bounce back after the Nifty hit a one-month low of 8269.15 yesterday.
Among sectors, persistent volatility is likely to push up pharmaceutical stocks, which are a part of defensives which traditionally gain in the face of a bearish market and are seen as safe bets.

Meanwhile, the banking sector is likely to see volatility, with the Bank Nifty having seen a swing of 373.05 points on yesterday session, and ending 1.2% higher. Metals stocks will also continue to remain under pressure in the near term, Energy, Metal, Realty and PSU banking looks weakest amongst all the sectoral indices so traders may choose stocks from these segment for fresh short positions," Religare Securities' Manglik was quoted as saying.

The automobile sector is also seen in focus as constituents of the sector disclose monthly sales figures for March.

In stock specific news, Jindal Steel and Power is likely to decline, having ended 4.6% higher
today at 157.20 rupees after the Delhi High Court ruled that Coal India would be the custodian for the company's two scrapped Gare Palma IV/2 and Gare Palma IV/3 coal blocks, alongside Bharat Aluminium Co's Gare Palma IV/1 coal block.

The high court said it would hear the companies' plea against the government's decision to scrap their auction determined coal blocks wins on Apr 13. Coal India is expected to react positively to this development.


Fortis Healthcare is likely to do well on having sold its Singapore-based subsidiary to Concord Medical for $55 mln.
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