Indian Market & Sectorwise Stocks Outlook for the Week - 21.Sep.2015 to 25.Sep.2015

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Capital Goods Stocks Outlook for the week – 21 to 25.09.2015 (Stocks will be driven by Newsflow)

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The Indian equity market is likely to be volatile next week ahead of the expiry of September futures and options on Thursday, while hopes of a rate cut by the RBI may spur gains in rate-sensitive stocks.

As the US Federal Reserve left key policy rates unchanged in its monetary policy meeting that ended Thursday, market participants expect strength of the dollar and US bond yields to be capped.

Meanwhile, market participants expect foreign institutional investors to stall capital flows to emerging markets such as India, owing to uncertainty over global economy and the timing of a rate hike by the Fed.

The National Stock Exchange's Nifty is seen trading between 7750 points and 8150 points in the coming next week. Yesterday, both benchmark indices ended up about 1%, with the Nifty closing up 82.75 points at 7981.90 and the S&P BSE Sensex ending up 254.94 points at 26218.91.

A spike in volumes and volatility in the last fifteen minutes of yesterday session indicated that traders unwound their long positions, and this reflects caution ahead of expiry of the September derivatives contract on Thursday. While some market participants expect rate-sensitive stocks to rise in the near-term, others are skeptical whether the rate cut would be passed on by banks.

Stocks of information technology companies and US-focussed pharmaceutical companies are likely to witness some profit booking as the dollar is seen continuing gaining strength against the rupee. Last trading day the rupee appreciated 1.1% to trade at 65.74 rupees against the dollar. )