Indian Markets Outlook for the week – 11.Jul.2016 to 15.Jul.2016
(Economic data, Apr-Jun results key triggers next week)
Metal Stocks Outlook for the week – 11 to 15.07.2016
Auto Stocks Outlook for the week – 11 to 15.07.2016
Capital Goods Stocks Outlook for the week – 11 to 15.07.2016
Bank Stocks Outlook for the week – 11 to 15.07.2016
Pharma Stocks Outlook for the week – 11 to 15.07.2016
Telecom Stocks Outlook for the week - 11 to 15.07.2016
IT Stocks Outlook for the week – 11 to 15.07.2016
Given the satisfactory progress of the monsoon in the
country so far, stock indices are seen trading
with a positive bias next week, with corporate earnings for
Apr-Jun and key economic data driving the trend in domestic stocks. Among Nifty 50 constituents,
IndusInd Bank, Infosys, Reliance Industries and Tata Consultancy Services are scheduled to detail their
Apr-Jun earnings during the coming week.
Data on Consumer Price Index-based inflation for June, as
well as that on the Index of Industrial
Production for May will be released on Tuesday. On Thursday,
data on Wholesale Price Index-based
inflation is to be released. India's headline inflation, based on the CPI, had risen to a
21-month high of 5.76% in May from 5.47% a month ago, while annual inflation based on the WPI
rose to 0.79% in May from 0.34% a month ago.
Next week, the Nifty 50 is seen trading in the range of
8200-8500 points, with immediate support at
8280 points. Today, the index ended at 8323.20, down 14.70
points or 0.2% from the previous close.
The S&P BSE Sensex ended at 27126.90, down 74.59 points
or 0.3% from Thursday.
Among stocks, stocks of pharmaceutical companies are seen
extending gains, as recent approvals and
news of inspection clearances for select companies has
lifted sentiment for the sector. Yesterday Alembic Pharmaceuticals and Cadila Healthcare
ended 3.3% and 5% higher, respectively, after both companies received establishment inspection
reports from the US Food and Drug Administration for one unit each. Lupin, however, said the
US FDA had issued Form 483 to its Dabhasa plant in Gujarat and made two observations,
following an inspection carried out during Jun 29-Jul 6.
( www.rupeedesk.in )
( www.rupeedesk.in )
