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Indian Markets Outlook for the week – 08.12.2014 to 12.12.2014
( www.rupeedesk.in )
Benchmark indices are expected to move in a range bound manner next week due to lack of
major triggers. The National Stock Exchange's 50-share Nifty is expected to move between 8430
points and 8630 points.
Yesterday, the index ended at 8538.30, down 26.10 points or 0.3% from close Thursday and the
S&P BSE Sensex at 28458.10, down 104.72 points, down 0.4%.
The participation of foreign institutional investors in the market to decrease next week. In
December, most foreign institutional investors go for a holiday. So, in the second or third week
of the month, you can see volumes drying up and some volatility.
Mid- and small-cap shares are expected to perform well next week. Rate-sensitive may gain in the coming week. Most market participants are bullish on automobile companies. Banks
may also gain. You may see public sector banks in the mid-cap space rising.
Stocks of Steel Authority of India Ltd, whose offer for sale was conducted today, may recover in
the latter part of next week.
Monday, Stocks of Thermax may rise as post market hours, the company said it has won an
order worth 3.51 bln rupees from an African company for building and commissioning a power
plant.
ICICI Bank may gain, as the bank has approved sale of its Russian arm ICICI Bank Eurasia to
Sovcombank. Tata Motors will also be in focus after the company announced a 26.9% year-onyear rise in November sales of its Jaguar brand in the UK. Sales of Land Rover in UK fell 11.5% on-year.
( www.rupeedesk.in )
( www.rupeedesk.in )