Click The Below Links To Read Full Reports
========================================================================
Bank Stocks Outlook for the week – 31.08.2015 to 04.09.2015 (Bias negative next week; Apr-Jun GDP eyed)
========================================================================
Indian Markets Outlook for the week – 31.Aug.2015 to 04.Sep.2015 (Consolidate next week; Apr-Jun GDP eyed)
( www.rupeedesk.in )
Benchmark indices are likely to consolidate next week as sentiment remains wobbly following the recent sell-off in global markets, triggered by concerns over the health of the Chinese economy. The vulnerability in the markets is there and is expected to continue for more time. India's gross domestic product growth for Apr-Jun, which will be released by the Central Statistics Office on Monday, will be the immediate trigger for the market.
India's GDP growth is likely to have marginally moderated to 7.4% in Apr-Jun from 7.5% a quarter ago, primarily pulled down by the services sector. The economy had grown 6.7% in the first quarter of last year.
Also, market participants will be hoping for any positive news on the sovereign rating front.
Reports that the Central Board of Direct Taxes will issue a circular early next week to exempt
foreign institutional investors from paying minimum alternate tax prior to April 2015 will also
influence trade on Monday.
During the next week, any news of reconvening of the monsoon session of Parliament will be
closely tracked. The progress of the monsoon in the country will also be watched. At the beginning of this week, benchmark indices suffered their biggest intraday drop in about seven years amid a global market rout, due to China-led global economy slowdown concerns.
However, some calm returned to global markets in the last two days, after a New York Federal
Reserve official said that a September rate hike in the US was unlikely. A strong US GDP growth data for Apr-Jun was also among the factors that aided markets. China also took some easing measures during the week, including an interest rate cut and liquidity infusions( www.rupeedesk.in )
