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========================================================================Cement Stocks Outlook for the week – 14 to 18.12.2015 (Seen gaining some ground on tribunal's ruling)
FMCG Stock Outlook for the week – 14 to 18.12.2015 (Seen in range, bias positive; winter demand key)
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Robust industrial growth data for October is seen supporting market sentiment
on Monday but equity markets are still likely to be weak next week as investors
await the outcome of the US Federal Open Market Committee's two-day
meeting that ends Wednesday.
Industrial growth for October was 9.8% as against 8.0% estimated by most
market participants. Growth in the capital goods sector was 16.1% as against a
decline of 3.2% last year.
While many market participants point to the low base last year, when Industrial
growth declined 2.7%, and due to spending ahead of festival season, some
believe the better-than-expected growth is showing signs of recovery in the
economy. Selling by foreign institutional investors in December in anticipation
of a rate hike by the US Federal Reserve is likely to keep any recovery in
equities under check.
Until Thursday, foreign institutional investors and foreign portfolio investors
had net sold shares worth $534.28 mln so far this month on the BSE, National
Stock Exchange, and the Metropolitan Stock Exchange combined. It is
expected that the Nifty 50 will trade with negative bias for the week, however,
the reaction to FOMC meeting outcome could change the course of the market
mid week.
We expect volatility in the market, which he believes is a signal of indices
bottoming out. We advised traders to stay cautious prior to the announcement.
The expectation of volatility over the next week has made some market
participants bullish about equities.
Among sectors, the imposition of a 5-57% anti-dumping duty on cold rolled
steel products from China, South Korea, European Union, South Africa,
Taiwan, Thailand, and US will have a bearing on steel stocks, which could see
investors favouring them but could result in a weak outlook for automobile
stocks.( www.rupeedesk.in )