Showing posts with label Weekly Indian Sector Outlook. Show all posts
Showing posts with label Weekly Indian Sector Outlook. Show all posts

Weekly Indian Sector Outlook -24.10.2016 - .28.10.2016

Weekly Indian Sector Outlook -24.10.2016 - .28.10.2016

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 Indian Market Outlook for the week – 24 to 28.10.2016
(Volatile next week; Jul-Sep earnings in focus)


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Weekly Indian Sector Outlook -24.10.2016 - .28.10.2016


The stock indices are expected to be volatile next week due to expiry of the October
derivative series and because several companies are scheduled to detail their earnings
for Jul-Sep. As many as 21 companies that are part of the Nifty 50, including Bharti
Airtel, Axis Bank, Housing Development Finance Corp, ITC, Hindustan Unilever and
Maruti Suzuki India will announce their Jul-Sep earnings next week.

The expiry of October derivatives contracts might accentuate the volatility next week,
as buyers are likely to remain cautious due to geopolitical Uncertainties, and also
because most corporate earnings announced so far have been disappointing. As long as
there is ample liquidity and bond yields are low, the markets will remain broadly
positive, even as they are likely to consolidate next week.

The risk of capital flight from emerging markets such as India in case of any
unexpected global event would weigh on sentiment. Though volatility will persist,
market participants do not expect any major fall in indices. The Nifty 50 is likely to find
support at the 8540-mark. The Banking stocks will continue to outperform the
benchmark indices. This week, the Nifty Bank index gained 3.6%, registering the
highest weekly gains among all NSE sectoral indices. Chances of a positive surprise in
Jul-Sep earnings from banks are quite high.

In the short term, private sector banks with exposure to corporate business are also
likely to do well because their provisioning looked better now. However, shares of
Wipro are expected to fall on Monday because the company reported below-par
earnings for Jul-Sep. Also, its sales guidance for Oct-Dec was weak. On a sequential
basis, Wipro's consolidated net profit for Jul-Sep rose a mere 1% to 20.7 bln rupees,
while net sales rose only 1.4% to 138.9 bln rupees.
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Weekly Indian Sector Outlook -17.10.2016 - .21.10.2016

Weekly Indian Sector Outlook -17.10.2016 - .21.10.2016

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Indian Market Outlook for the week – 17 to 21.10.2016
( www.rupeedesk.in )

Bank Stocks Outlook for the week – 17 to 21.10.2016


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Weekly Indian Sector Outlook -17.10.2016 - .21.10.2016


Domestic stock indices are seen consolidating next week because investors will be cautious
ahead of corporate earnings for the September quarter. Among heavyweights, Infosys and
Tata Consultancy Services have disappointed with their Jul-Sep earnings result so far.
Next week, index majors Reliance Industries, YES Bank, HCL Technologies, Wipro, and
UltraTech Cement will report their earnings for quarter ended September.

Indices are also seen consolidating due to concerns over stock valuations and dwindling fund
inflows in the market. Global volatility ahead of upcoming US presidential elections,
prospects of the Federal Reserve hiking interest rates, challenges pertaining to Brexit, and
prevailing tensions between India and Pakistan will also keep investors guarded.

Next week, the Nifty 50 is likely to find support at the 8540-point mark, and no major
downside is expected. Gains are likely to be capped at 8730 points. Yesterday, the 51-stock
index ended at 8583.40, up 10.05 points or 0.1% from the previous close, while the Sensex
ended at 27673.60, up 30.49 points or 0.1%.

We expect mid-caps to continue their rise as the broad market remains fundamentally
strong. Any fall in mid-caps is nothing but an opportunity to buying. Stocks in the
information technology sector will remain subdued because Infosys cut its sales guidance for
2016-17 (Apr-Mar), and also as earnings of other peers in the sector are seen disappointing
the market.

However, expect stocks of HCL Technologies and Tata Consultancy Services to outperform
those of Wipro and Infosys. HCL Technologies, Wipro, and Mindtree will report their earnings
for the September quarter on Friday.

The Nifty IT index is seen remaining flat to marginally negative next week, with stock
specific value buying opportunities seen emerging from a medium-to-long-term perspective.
Market participants expect companies in the pharmaceutical and cement sectors to
outperform benchmark indices next week.
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Weekly Indian Sector Outlook - 3.10.2016 -7.10.2016

Weekly Indian Sector Outlook -3.10.2016 - 7.10.2016

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Indian Market Outlook for the week – 03 to 07.10.2016
Positive next week; RBI policy, auto sales eyed
( www.rupeedesk.in )

Bank Stocks Outlook for the week – 03 to 07.10.2016 Seen volatile next week ahead of RBI policy Tue


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Weekly Indian Sector Outlook - 3.10.2016 -7.10.2016'


Share prices are likely to rise next week, even as the market focuses on the Reserve Bank of India's
monetary policy, and automobile sales numbers for September. While concern over border tension
with Pakistan will likely persist, the fact that share prices yesterday saw a recovery, albeit a mild one,
indicates that the worries will not be in the limelight. Analyst recommends utilising the recent fall in
share prices as opportunity to buy shares of large-cap companies. They recommend staying away
from shares of mid-cap companies because these may succumb to profit booking if geopolitical
tensions flare up. Share indices ended lower for the first time in seven months yesterday on a monthon- month basis as flows from foreign institutional investors showed signs of slackening.

The fall in shares of telecom companies after the launch of Reliance Jio Infocomm services, concern
over Donald Trump being elected as the US President, and the possibility of a financial crisis due to
Deutsche Bank's inability to pay a $14-bln fine weighed on share prices. As a result, investors have
not aggressively rolled over long positions to the October futures and options series.

The RBI will detail its monetary policy on Tuesday at 1430 IST, with the central bank expected to
leave interest rates unchanged, and maintain a dovish stance. This will be Urjit Patel's policy debut.
The lower-than-expected inflation has opened up room for an interest rate cut, but the RBI may not
do so because of the upside risks to inflation, sticky core inflation, and foreign currency non-resident
(bank) redemptions. Stocks of automobile companies will be in focus next week, as they detail their
sales numbers for September. While the first half of September witnessed strong sales due to Ganesh
Chaturthi and Onam, the second half was muted because of the Shradh season, considered an
inauspicious period for purchase of new vehicles.

Stocks of fuel-related companies will also be in focus in the week ahead. The central government,
after market hours yesterday, cut the price of domestically produced natural gas on a gross-calorificvalue basis to $2.50 mBtu for Oct-Mar from $3.06 mBtu in Apr-Sep. The government is also
scheduled to revise prices of petrol and diesel, done every fortnight. Yesterday the 51-share index
ended at 8611.15, up 19.90 points or 0.2% from the previous close.
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