Indian Markets Outlook for the week – 21.Dec.2015 to 24.Dec.2015
(Likely to consolidate next week, bias positive)
After
gaining 2% each this week, Nifty 50 and Sensex are likely
to
consolidate in the week ahead due to lack of any major triggers
Domestically
as well as globally. Domestically, while the winter session
of
Parliament will be watched, the non-passage of the Goods and Services
Tax
Bill is unlikely to result in an aggressive correction in equities.
We
expect the market likely to be volatile in the near term due to
domestic
cues, as the prevailing uncertainty towards the passage of the
GST
and the challenges in balancing the deficit due to tepid growth in
disinvestment.
Continued disruptions in Parliament though could weigh
on
sentiment.
After
an eventful week, activity is likely to remain subdued in a week of
holidays.
On Friday, domestic equities will remain closed for Christmas.
Globally,
various markets will be on half day, or will stay shut on
Thursday
as well.
The
sentiment will remain positive as indices are Nifty is likely to move
in a
range of 7700-7950 points for the week. Yesterday, the 50-share
index
ended at 7761.95, down 82.40 points or 1.0% from the previous
close.
( www.rupeedesk.in )