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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INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK - 20.Jul.2015 - 24.Jul.2015

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Pharma Stocks Outlook for the week – 20 to 24.07.2015

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After gaining 3% this week and hitting three-month highs, stock indices are seen consolidating next week. Any decisive move on the upside will depend on global developments, monsoon session of Parliament and corporate earnings announcements.

This week, positive sentiment after the Iran nuclear deal and Greece Parliamentary vote accepting austerity measures took indices to higher levels, with the National Stock Exchange's Nifty reclaiming the 8600-point mark.

However, domestic equities ended yesterday session on a flat note, in the absence of any major
triggers and as traders turned cautious ahead of Germany's Parliament vote on Greece's bailout
package.

After market hours yesterday, the German Parliament voted in favour of starting negotiations on the third bailout for Greece.

Market participants expect activity to be stock-specific in the coming week but indices are not likely to see any major downside either.

The provisional trading activity data of FIIs corroborates the fact that the underlying sentiment
remains positive. According to provisional data on the NSE website, FIIs net bought Indian shares worth 6.05 bln rupees on the BSE, NSE, and Metropolitan Stock Exchange combined, and domestic Institutional investors net sold shares worth 1.75 bln rupees.

On the earnings front, 13 Nifty constituents--UltraTech Cement, Asian Paints, Cairn India, HDFC Bank, Hindustan Unilever, Idea Cellular, Infosys, Bajaj Auto, GAIL India, Lupin, Wipro, Axis Bank and Reliance Industries—will detail Apr-Jun earnings.

Federal Bank, Hindustan Zinc, Kitex Garments, LIC Housing Finance, Eicher Motors, Bharti
Infratel, CEAT and L&T Finance Holdings will also report numbers for the quarter ended June.
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INDIAN MARKET & SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 09.Mar.2015 to 13.Mar.2015

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FMCG Stocks Outlook for the week – 09 to 13.03.2015

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( www.rupeedesk.in )

Indian Stock indices are seen consolidating in a narrow range in next week on the outcome of
European Central Bank's policy meet on last week thursday and the release of a host of economic data on next week. While on the international front, market participants will watch out for the US non-farm payroll data Friday, in India, the index of industrial production for January and consumer price index-based inflation for February are to be released next week.

We expect banks, pharmaceutical, information technology, and fast-moving consumer goods
companies to gain next week, and we believe that the shift towards defensive sectors like Pharma and FMCG is a short-term direction, till the time action is taken for post budget measures (important bills in budget session).The confidence continues to be good with increasing momentum in mid and small cap stocks.


The banks to recuperate in the early part of the next week and see HDFC Bank as the strongest performer. Among specific stocks, Tata Consultancy Services may gain on positive guidance given by the company on its Jan-Mar earnings and National Fertilisers is seen declining as it has closed down operations in some of its units. Similarly, United Spirits stock will also be in focus as the company has discontinued its manufacturing at its Hooghly unit.

( www.rupeedesk.in )
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INDIAN MARKET OUTLOOK & SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 27.Jan - 30.Jan.2015

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Metal Stocks Outlook for the week – 27 to 30.01.2015

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Benchmark indices are seen moving in range next week with a positive bias, with the outcome
of the Greek elections acting as the next trigger. Volatility is expected as the January futures and
options contracts will expire on Thursday. Oct-Dec earnings will also lend direction to the
market as several index heavyweights will detail results.

The markets will focus on the Greek election on Sunday and take cues from global markets on
Monday. That the outcome of the election could lead to Nifty opening up with a gap up or gap
down of 100 points from yesterday’s close.

On the earnings front, Nifty constituents Maruti Suzuki India, Asian Paints, Dr Reddy's
Laboratories, Housing Development Finance Co, IDFC, Sesa Sterlite, Bank of Baroda, HCL
Technologies, ICICI Bank, NTPC and Tech Mahindra will detail Oct-Dec results.

Lower-than-estimated net profit for Oct-Dec is likely to drag UltraTech Cement stocks down on
Tuesday. The company reported a net profit of 3.64 bln rupees, which was sharply lower than
4.25 bln rupees. Net sales at 54.89 bln rupees were lower than forecasts of 55.71 bln rupees.
( www.rupeedesk.in )
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INDIAN STOCK MARKET OUTLOOK & SECTORWISE STOCKS OUTLOOK FOR THE WEEK 19.Jan - 23.Jan.2015

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Metal Stocks Outlook for the week – 19 to 23.01.2015

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Stock indices are seen extending gains next week provided overseas markets, which witnessed
sharp declines following Switzerland's surprise move to scrap the cap on the Swiss Franc's
exchange rate against the euro, do not turn up any unpleasant surprises. Prices of crude oil and
other commodities, which remained under pressure this week, will also be watched by market
participants.

The National Stock Exchange's Nifty has strong resistance at 8550, which it is seen testing in the
coming week. On the lower side, it will draw support at 8380 levels. The 50-stock index ended at
8513.80 after a volatile session, up 19.65 points or 0.2% from Thursday's close, and moved in
the range of 8530.75 and 8452.25 points intraday.

The S&P BSE's Sensex ended at 28121.89, up 46.34 points or 0.2%, and ranged between
28176.10 and 27945.31.

Greece elections, to be held on Jan 25, may set the tone for global markets, and in turn India,
next week. Any indications of the anti-bailout Syriza party coming to power may dampen
sentiment for equity markets.

Public sector banks, led by majors State Bank of India, Punjab National Bank, and Bank of
Baroda, may see further profit booking after rallying on Thursday following the rate cut.

The fast moving consumer goods and pharmaceutical sectors will be in focus as investors will
look to shift to safer bets amid volatility in global markets. ITC and Hindustan Unilever, are
scheduled to detail their third quarter results next week, and will remain in focus.

However, information technology companies may remain subdued after Tata Consultancy
Services reported disappointing Oct-Dec performance on Thursday, and due to a further
appreciation in the rupee against the dollar. However, are bullish on housing finance companies
following the rate cut.

In case overseas markets stabilise and offer only favourable cues, the market will largely see
stock specific movement, with selective buying in rate sensitive sectors such as private sector
banking, housing finance, and capital goods companies.

Kotak Mahindra Bank, ZEE Entertainment Enterprises, Cairn India and Ultratech Cement are
other Nifty constituents that will report their earnings next week.

Indiabulls Housing Finance, Mindtree, Rallis India, KPIT Technologies, L&T Finance Holdings,
Biocon, Muthoot Finance, Polaris Consulting Services, PrestigeEstates Projects, Colgate-Palmolive (India), Coromandel International, and Kolte-Patil Developers are others that will report their earnings next week.
( www.rupeedesk.in )
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INDIAN MARKET & 9 MAJOR SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 24.Nov.2014 to 28.Nov.2014

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Bank Stocks Outlook for the week – 24 to 28.11.2014

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Benchmark equity indices are seen rangebound with a positive bias in the coming sessions ahead
of expiry of the November derivatives contract on Thursday. Market participants will keenly
watch for cues from overseas markets too.

However, some market participants expect profit booking to set in. Nifty is seen trading at
overbought zone levels, major indicators are suggesting some correction. The Nifty is expected
to trade in the 8000-8500 points range next week.

Yesterday, the 50-share Nifty ended at a record closing high of 8477.35, up 75.45 points or
0.9%. Intraday, the index hit a record high of 8489.80 points.

The S&P BSE Sensex also ended at a record closing high of 28334.63, up 267.07 points or 0.9%.
Intraday, it touched a record high of 28360.66 points.Action will mostly be stock specific as
investors await major reforms.

The goods and services tax bill and insurance bill will be tabled in the winter session of the
Parliament that begins next week. Most market participants refrained from stock selection for the
week due to lack of broader participation in the rally.

We believe this upward (trend) would continue but broader participation is required to regain the momentum. Meanwhile, participants are advised to uphold stock specific approach and strictly
avoid illiquid stocks from the cash segment.

Investors believe that there is further steam in most bank stocks after the Bank Nifty touched a
lifetime high of 18139.95 points. Further upside is seen in ICICI Bank, Axis Bank, State Bank of
India, and IndusInd Bank.

Movement in rupee will determine the trend in information technology stocks such as Wipro,
Tech Mahindra, Tata Consultancy Services, and Infosys.

Stocks of most metal companies such as Jindal Steel and Power, Steel Authority of India and
Tata Steel are expected to weaken in the coming sessions as a fall in steel prices due to low
demand, higher steel exports from China, and a volatile outlook for pricing of base metals has dampened sentiment
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INDIAN MARKET & MAJOR SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 10.Nov.2014 to 14.Nov.2014

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Bank Stocks Outlook for the week – 10 to 14.11.2014

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Benchmark share indices are expected to be in a range and may trade with some caution next week. The market will take cues from a slew of economic data to be released on November 12. The Central Statistics Office will release the industrial production data for September and the consumer price index based inflation data for October on Wednesday. Indian equity markets are expected to trade with caution next week. Market participants will await crucial CPI data for Oct and IIP for Sept which will give pace of industrial production. The 50-share Nifty yesterday ended at 8337.00, down 1.30 points from Wednesday's close, and the S&P BSE Sensex ended at 27868.63, down 47.25 or 0.2%.

The industrial production data for September will be closely watched by market participants. The IIP for August was at 0.4%, against expectation of 2.3%. In September, the inflation rate based on the Consumer Price Index fell to a record low of 6.46% from 7.73% a month ago and 7.20% estimated. CPI is expected to ease slightly as non-core inflation is seen easing on back of lower global crude prices. Banking, realty and auto sectors are seen in focus. We see consolidation in the market and expect it to move sideways in the next week.

Stocks of public sector banks are expected to see some correction as most small- and mid-cap public sector banks such as UCO Bank, Syndicate Bank and Corporation Bank have reported worsening asset quality. However, private sector lenders such as ICICI Bank and Axis Bank are expected to see further upside. Stocks of ICICI Bank and AxisBank yesterday ended up 0.8% at 1,684.70 rupees and 2.4% at 469.05 rupees, respectively.

We believe markets are in normal consolidation phase which usually happen post an exceptional move. And, participants, especially those who wish to trade and invest fresh, can consider this as an opportunity to buy stocks from private banking, auto, finance, and midcap space.

Stocks of Larsen & Toubro, that reported Jul-Sep results post market hours yesterday, the company posted a net profit of 8.6 bln rupees for the quarter ended September, against an estimate of 9.7 bln rupees. Investors may also exercise caution as the revenue growth estimate for 2014-15 (Apr-Mar) has been revised by the company to 10-15% from 15%. However, downside in the stock is expected to be limited as the company's net profit surged 7% on year
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INDIAN MARKET & MAJOR SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 27.10.2014 to 31.10.2014

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Bank Stocks Outlook for the week – 27 to 31.10.2014

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( www.rupeedesk.in )

Benchmark share indices are expected to move in a narrow range next week as action may be
largely stock-specific with Jul-Sep earnings reports coming in from companies. Today the stock
market closed for Bali Pratipada. Global developments may also move the market, and will be
closely watched by investors.

For next week, on the global front investors will wait for cues from (US) Fed on interest rates.
Also, the Fed is expected to end stimulus. Further cues from the European Central Bank on
stimulus will be awaited.

On the domestic front, the formation of a new government in Maharashtra may also affect the
course of the market next week. The bias is slightly positive after the National Stock Exchange's
50-share Nifty closed above the 8000-mark for the first time since Sep 24.
Indian stock exchanges had special Muhurat trading for Diwali yesterday. Yesterday, Nifty
ended at 8014.55, up 18.65 points or 0.2% from close Wednesday, and S&P BSE's 30-share
Sensex closed at 26851.05, up 63.82 points or 0.2%.

Both Sensex and Nifty have gained around 27% each from last Diwali and market participants
hope that the fireworks will continue in the backdrop of optimism that the new government will
bring in more investor-friendly reforms and bring India back to the growth path.

Besides other things, Jul-Sep results of companies will lend direction. Among Nifty constituents,
Hindustan Unilever, Lupin, Dr Reddy's Laboratories, Grasim Industries, Sesa Sterlite, Tech
Mahindra, ACC, Ambuja Cements, Bharti Airtel, ICICI Bank, IDFC, Maruti Suzuki India,
Mahindra & Mahindra, NMDC and NTPC will detail their earnings over the next week.

Stocks of banks are expected to rise next week, with private banks gaining more than their
public-sector peers. The Bank Nifty is seen moving in the range of 16000-16950 points.
Auto companies are also seen rising further on expectations of robust sales on Diwali.
Wipro shares may see some more weakness as the technology major posted disappointing quarter earnings. Yesterday, the stock ended down nearly 4%.
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INDIAN MARKET & 10 MAJOR SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 20.10.2014 to 22.10.2014

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Bank Stocks Outlook for the week – 20 to 22.10.2014

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Indian Markets Outlook for the week – 20.10.2014 to 22.10.2014

( www.rupeedesk.in )

Results of elections to the assemblies of Haryana and Maharashtra, which will be
released on Sunday, will determine the course of the markets on Monday. However, benchmark share indices are expected to move in a narrow range later next week as investors avoid taking positions ahead of a long weekend. Markets will be closed on Thursday and Friday for Diwali, but the market will remain open for a short period on Thursday for muhurat trading.

However, for the gains to sustain beyond Monday, the government will have to start the reforms process. Investors will also keep a close watch on global markets. Any major sell-off in overseas markets could fuel selling by foreign institutional investors and a subsequent fall in Indian indices. FIIs continue to sell due to gap in liquidity telling that world is slowing and dollar interest will increase.

We see the National Stock Exchange's Nifty moving between 7650 points and 7920 points next week. Yesterday, the Nifty ended at 7779.70, up 31.50 points or 0.4% from Thursday's close and the S&P BSE Sensex closed at 26108.53, up 109.19 points or 0.4%. Jul-Sep earnings reports of companies will also drive markets next week.

Among Nifty constituents, HDFC Bank, Punjab National Bank, Asian Paints, Kotak
Mahindra Bank and Wipro will detail their Jul-Sep earnings over the next week.
UltraTech Cement will detail its results today. UltraTech Cement's net profit is seen at 3.61 bln rupees, up 36.8% on year and net sales at 51.25 bln rupees, up 13.8% on year. Earnings of Axis Bank may lead to some fall in the bank's shares. The bank's net profit for Jul-Sep stood at 16.11 bln rupees as against an estimated 16.45 bln rupees. Stocks of banks and automobile companies are expected to rise next week.
( www.rupeedesk.in )
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