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========================================================================Indian Markets Outlook for the week – 21.Dec.2015 to 24.Dec.2015 (Likely to consolidate next week, bias positive)
Pharma Stocks Outlook for the week – 21 to 24.12.2015 (Expected to trade rangebound, with the positive momentum)
I. T Stocks Outlook for the week – 21 to 24.12.2015 (Seen trading in narrow band with negative bias)
Cement Stocks Outlook for the week – 21 to 24.12.2015 (Seen trading within range with negative bias)
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After gaining 2% each this week, Nifty 50 and Sensex are likely
to consolidate in the week ahead due to lack of any major triggers
Domestically as well as globally. Domestically, while the winter session
of Parliament will be watched, the non-passage of the Goods and Services
Tax Bill is unlikely to result in an aggressive correction in equities.
We expect the market likely to be volatile in the near term due to
domestic cues, as the prevailing uncertainty towards the passage of the
GST and the challenges in balancing the deficit due to tepid growth in
disinvestment. Continued disruptions in Parliament though could weigh
on sentiment.
After an eventful week, activity is likely to remain subdued in a week of
holidays. On Friday, domestic equities will remain closed for Christmas.
Globally, various markets will be on half day, or will stay shut on
Thursday as well.
The sentiment will remain positive as indices are Nifty is likely to move
in a range of 7700-7950 points for the week. Yesterday, the 50-share
index ended at 7761.95, down 82.40 points or 1.0% from the previous
close.
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