GOLDEN RULES FOR TRADING

Indian Markets Outlook For The Week - 03 to 06.10.2017

Indian Markets Outlook For The Week - 03 to 06.10.2017

Click Below Link


Indian Markets Outlook For The Week - 03 to 06.10.2017
  www.rupeedesk.in )

Domestic share indices are likely to remain in a range through the upcoming holiday-truncated week as the week contains several economic and sales data sets as well as the fourth bi-monthly monetary policy for 2017-18 (AprMar) outcomes. The Nifty Index is expected to move through the week it is seen moving between 9700 points and 9960 points. We expect the RBI to maintain status quo on interest rates despite the consumer-price index based inflation expected to average at 3.7% in FY18, lower than the medium-term target of 4.0%. We do not expect a rate cut as the CPI inflation is expected to chart an upward trajectory over the coming months, and print between 4.5-5.0% in March. Investors will also keep a close watch on Nikkei Manufacturing PMI for September and mobile subscriber data for August, both due this week. Stocks of automobile companies will be in focus this week as they report their September sales figures. We expect 10-15% retail growth in the two-wheeler and passenger vehicle segments, led by festive demand and positive rural sentiment, which should drive wholesales for September. Last Friday, the Nifty 50 ended 0.2% higher at 9788.60 points, having shed 1.8% through the week. Sensex closed flat at 31283.72 points, but down 2% for the week.

Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040

Source : Cogencis Information Services Ltd.