Indian Markets Outlook for the week – 27.01.2015 to 30.01.2015
( www.rupeedesk.in )
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 )