Showing posts with label INDIAN MARKET AND SECTORWISE STOCKS OUTLOOK. Show all posts
Showing posts with label INDIAN MARKET AND SECTORWISE STOCKS OUTLOOK. Show all posts

INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 9.Feb.2015 - 13.Feb.2015

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IT Stocks Outlook for the Week – 09 to 13.02.2015

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Benchmark indices are expected to be volatile in a week punctuated by data and events ranging from the outcome of Delhi Assembly elections to the release of figures on the country's gross domestic product, inflation, and manufacturing output.

Over the weekend, the market will also follow developments in Greece, as the country's prime minister announces his economic policies while taking the vote of confidence in Parliament. Stocks of power majors will be the worst hit. In its last stint leading the Delhi government, the Aam Aadmi Party had initiated a tirade against alleged overpriced tariffs by Delhi's power distribution companies owned by Tata Power and Reliance Infrastructure.

The election results will be announced on Tuesday. Market participants will also take cues from the Oct-Dec earnings of eight Nifty companies State Bank of India, Larsen & Toubro, DLF, Bharat Heavy Electricals, Bharat Petroleum Corp Ltd, Hindalco Industries, Mahindra & Mahindra and Cipla. As markets are likely to be choppy, advised avoiding high-beta counters in leveraged positions and prefer information technology and fast moving consumer goods stocks.

In the next week, the National Stock Exchange's Nifty faces resistance at 8775 points and has
support at 8565 points. Yesterday, the Index closed at 8661.05, down 50.65 points or 0.6%.
Banking, metal and automobile stocks will continue to weigh on the benchmark indices. The
market may gain support from commodity-based stocks, such as Reliance Industries, Cairn India, and Sesa Sterlite.

Among companies that announced their corporate earnings post market hours yesterday, NMDC may trade with a strong upward trend on Monday. Yesterday, the stock closed at 141.05 rupees.

Tata Chemicals is seen continuing its gains on Monday following the company's robust Oct-Dec earnings. On the other hand, stocks of GAIL (India) may decline, as the company reported lower-than-estimated earnings in Oct-Dec.

( www.rupeedesk.in )
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INDIAN MARKET AND SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 7.Oct.2014 - 10.Oct.2014

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Telecom Stocks Outlook for the week – 07 to 10.10.2014

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Domestic stock indices are seen moving in a narrow range next week, while keeping a hawk's
eye on Jul-Sep corporate earnings, that will be kick-started by information technology major
Infosys on Oct 10. Prior to that, when indices open after a five-day break on Tuesday, the trend in global equity markets will be the guiding factor.

Broadly, the National Stock Exchange's Nifty is seen moving in the 7850- 8050-point range.
Today, the index ended at 7945.55, down 19.25 points or 0.2% from close Tuesday. S&P BSE's 30-share Sensex closed at 26567.99, down 62.52 points or 0.2%.

All eyes are on Infosys' earnings, and with the stock trading near all- time high levels, market participants expect more gains in the stock. Not just Infosys, most major frontline IT stocks are near record high levels or at multi-year highs on expectations of robust quarterly results and week rupee, and analysts expect hope of the same to drive these shares up further.

This will be the company's first quarterly earnings announcement after Vishal Sikka took charge as Chief Executive Officer and Managing Director from Aug 1. His appointment was announced on Jun 12. Q2 is the strongest quarter seasonally for IT companies...For Infosys, strategy under Sikka going forward will be watched, Apart from Infosys' result, market participants will also watch out for Index of Industrial Production data for August, which will be detail post market hours on Oct 10.

Market participants are positive on the IT and pharmaceuticals sector and said rate sensitive
sector shares such as banks and capital goods will trade firm, but not witness as much gains as defensive stocks.

Automobile sector companies that gave strong sales numbers for September may continue to move higher. TVS Motor Co may rise as September total sales increased 27% on year but Tata Motors may come under pressure as its total sales declined 8% on year during the month.

Apollo Tyres may advance as foreign institutional investment limit in the company was hiked to 45% from 40% earlier.
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