The week ahead: Markets on a slippery road…by J Victor on November 7th, 2016
The tight run up to the US election and US investigation into Indian drug companies resulted in the markets recording the second highest weekly fall this year. The Sensex and the nifty ended 656 and 195 points lower to end the game at 27274 and 8434.
Going ahead, the second quarter results season is here and more stock specific action can be witnessed at the bourses. ICICI Bank, SBI, Bharat Heavy Electricals, Lupin, BPCL and Mahindra & Mahindra will be in focus this week as they announce the second quarterly numbers. More events are likely to unfold in the Tata – Mistry episode and this will impact Tata counters. In general, the volatility that we experienced last week is likely to continue this week too. Investors may watch out the dollar rates , oil prices , IIP numbers and FII flows to get an idea about the market mood.
For the week ahead we expect the markets to trade in a range of 26700-27000 for the Sensex and 8200-8450 for the nifty with negative bias.
You may like these posts:
- Point Blank
- Financial Discipline for all.
- Investing Basics
- Shares & Stock Markets
- Introduction to Financial Statements
- Financial ratios.
- Stock investing strategies
- Technical Analysis I
- Technical analysis II
- Before Picking up stocks..
- Choosing a Broker and opening Demat Accounts
- Make your debut !!
- More ... from stock markets.
- Valuation of shares
- Futures and Options - The basics.
You can get the latest posts delivered to you for free via Email or RSS