Indian Market Outlook for the week – 27 to 31.03.2017
Indian Market Outlook for the week – 27 to 31.03.2017
( www.rupeedesk.in )
The Domestic share indices are expected to be volatile next week, as investors look out for global cues, especially from the UK, where Prime Minister Theresa May will formally launch the Brexit process on Wednesday. The expiry of the March derivatives series on Thursday may add to the volatility. Besides, any development in the US on the health care Bill and US President Donald Trump's stance on tax cuts and investment plans will also lend direction to global markets. Market participants say the liquidity-led rally in domestic shares will continue. We expect the rally in bank stocks to continue next week due to hope of some positive moves by the government and the central bank to resolve the issue of bad loans with banks. Finance Minister Arun Jaitley on Thursday commented that the government was likely to announce "some decision" on the perilous issue of nonperforming assets in the banking sector in a few days. The Nifty Bank index is close to its lifetime high of 21336.05 points, while the Nifty 50 too is near its lifetime high of 9218.40. Both the indices had hit record levels on Mar 17. There is disconnect with actual fundamentals, and investors perception of the stock markets. The reason behind the rally was strong liquidity due to buying of shares by both foreign and domestic institutional investors. The shares of Coal India will be in focus next week, as the company's board will on Sunday decide on dividend payout. Shares of Andhra Bank and United Bank of India will also be in focus, as their respective boards meet next week to decide on preferential issues. The Colgate Palmolive India and Oracle Financial Services Software stocks will also be in focus, as these companies announce interim dividend next week.
Source : Cogencis Information Services Ltd.
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Indian Market Outlook for the week – 27 to 31.03.2017
( www.rupeedesk.in )
The Domestic share indices are expected to be volatile next week, as investors look out for global cues, especially from the UK, where Prime Minister Theresa May will formally launch the Brexit process on Wednesday. The expiry of the March derivatives series on Thursday may add to the volatility. Besides, any development in the US on the health care Bill and US President Donald Trump's stance on tax cuts and investment plans will also lend direction to global markets. Market participants say the liquidity-led rally in domestic shares will continue. We expect the rally in bank stocks to continue next week due to hope of some positive moves by the government and the central bank to resolve the issue of bad loans with banks. Finance Minister Arun Jaitley on Thursday commented that the government was likely to announce "some decision" on the perilous issue of nonperforming assets in the banking sector in a few days. The Nifty Bank index is close to its lifetime high of 21336.05 points, while the Nifty 50 too is near its lifetime high of 9218.40. Both the indices had hit record levels on Mar 17. There is disconnect with actual fundamentals, and investors perception of the stock markets. The reason behind the rally was strong liquidity due to buying of shares by both foreign and domestic institutional investors. The shares of Coal India will be in focus next week, as the company's board will on Sunday decide on dividend payout. Shares of Andhra Bank and United Bank of India will also be in focus, as their respective boards meet next week to decide on preferential issues. The Colgate Palmolive India and Oracle Financial Services Software stocks will also be in focus, as these companies announce interim dividend next week.
Source : Cogencis Information Services Ltd.