I.T Stocks Outlook for the week – 27 to 30.04.2015
( www.rupeedesk.in )
Stocks
of the state-owned oil marketing companies--Indian Oil Corp, Bharat Petroleum
Corp and Hindustan Petroleum Corp--are seen trading in a range next week in the
absence of any triggers and a damp broad market.
The
Street will be focusing on companies reporting earnings and the market is seen
weak in the near term. Domestic indices are expected to trade with a negative
bias next week with concerns over minimum alternate tax, weak rupee and
disappointing corporate earnings weighing on sentiment.
The
damp market sentiment is also likely to rub off on the oil companies' stocks.
