Indian Markets Outlook for the Week – 23 to 28.02.2015
( www.rupeedesk.in )
Stock
indices are seen in a range next week in the run up to the Union budget and the
expiry of derivatives contract on Thursday could cause some volatility. The
National Stock Exchange's Nifty ended down 0.7% or 61.70 points at 8833.60
points while the Standard and Poor's BSE Sensex ended 0.8% or 230.86 points
lower at 29231.41 points.
Stocks
of Jindal Steel and Power and DLF could fall as they will be excluded from the
Nifty
from
March 27 while YES Bank and Idea Cellular stocks could rise because of their
inclusion in the index.
Among
sectoral indices, infrastructure, capital goods, realty and defence stocks will
do well, as they could be in focus ahead of the budget. As a volatile week is
seen ahead, defensive stocks are seen as safe havens. FMCG, IT and pharma
stocks will generally be considered as safe havens. Banking stocks are seen as
volatile and hence are advised to be avoidedin the coming week. In case of
decline, PSU bank, energy and metal stocks may attract fresh selling pressure
so plan your positions accordingly.