Indian Market Outlook for the week – 06 to 10.03.2017
Indian Market Outlook for the week – 06 to 10.03.2017
( www.rupeedesk.in )
As the outcome of the state Assembly elections in India, as well as a meeting of the US Federal Reserve draw close, investors may stay on the sidelines, limiting the movement of share indices to a narrow range next week. On Monday, domestic share indices will take cues from US Federal Reserve Chair Janet Yellen's speech in Chicago. Yellen is expected to provide clues on whether or not the US Fed will raise interest rates later this month. While the outcome of state Assembly elections will be released on Mar 11, the US central bank will meet on Mar 14-15 for its monetary policy review. Caution still prevails in the market ahead of Yellen's speech to check for any confirmation on March rate increase. Investors were awaiting results of the Assembly elections to see whether demonetisation had turned voters in favour of the Bhartiya Janata Party. So far this year, the Nifty 50 and the Sensex have gained over 8% each. Investors will also monitor the initial public offerings of Music Broadcast and Avenue Super Markets, slated to open for subscription next week. Shares of Bharti Airtel will be in focus, as the company has inked a pact with Millicom International to merge their operations in Ghana. Shares of Housing Development Finance Corp may gain, as the company has announced an interim dividend of 3 rupees a share.
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Indian Market Outlook for the week – 06 to 10.03.2017
( www.rupeedesk.in )
As the outcome of the state Assembly elections in India, as well as a meeting of the US Federal Reserve draw close, investors may stay on the sidelines, limiting the movement of share indices to a narrow range next week. On Monday, domestic share indices will take cues from US Federal Reserve Chair Janet Yellen's speech in Chicago. Yellen is expected to provide clues on whether or not the US Fed will raise interest rates later this month. While the outcome of state Assembly elections will be released on Mar 11, the US central bank will meet on Mar 14-15 for its monetary policy review. Caution still prevails in the market ahead of Yellen's speech to check for any confirmation on March rate increase. Investors were awaiting results of the Assembly elections to see whether demonetisation had turned voters in favour of the Bhartiya Janata Party. So far this year, the Nifty 50 and the Sensex have gained over 8% each. Investors will also monitor the initial public offerings of Music Broadcast and Avenue Super Markets, slated to open for subscription next week. Shares of Bharti Airtel will be in focus, as the company has inked a pact with Millicom International to merge their operations in Ghana. Shares of Housing Development Finance Corp may gain, as the company has announced an interim dividend of 3 rupees a share.
