Bank
Stocks Outlook for the week – 12 to 16.01.2015
( www.rupeedesk.in )
Bank stocks are likely to remain in focus next week, amid economic
data flow, as market participants take cues for likely interest rate action.
On Monday, expectations around retail inflation and industrial
activity data, which will be released post market hours, will lend cues to bank stocks. Dealers
said that data releases are important to gauge the interest rate decision of the Reserve Bank of
India at its Feb 3 monetary policy statement.
The central bank, in its fifth bi-monthly monetary policy last month,
said if the current inflation momentum continues and fiscal developments remain encouraging, a
change in the monetary
policy stance is likely to occur early next year, including outside
the policy review cycle.
Central Statistics Office will detail December Consumer Price Index-based
inflation data and November Index of Industrial Production data on Monday evening.
Separately, Wholesale Price Index-based inflation data is slated to be
released by Commerce and Industry Ministry on Wednesday.
In the remainder part of the week, stock-specific activity is expected
as some banks will detail their Oct-Dec earnings results. IndusInd Bank, Axis Bank, YES Bank,
Federal Bank, DCB Bank and Lakshmi Vilas Bank will
detail their results next week
