Indian Markets Outlook: 30.07.2012-03.08.2012
Investors will eye overseas equities and Apr-Jun
earnings for cues on Monday, but the market trend will mainly depend on the
Reserve Bank of India's first-quarter monetary policy review on Tuesday.
Yesterday, US index futures were up ahead of the Commerce Department's
estimate for Apr-Jun gross domestic product. The RBI to keep policy rates
unchanged, even though both inflation and India's economic growth have
begun cooling down. Interest rate-sensitive sectors such as banking,
automobile, real estate, and capital goods could be subdued before RBI's
policy.
Stocks of IRB Infrastructure Developers are likely
to gain on Monday as the company, post market hours, reported an Apr-Jun
net profit of 1.42 bln rupees. Grasim Industries could be weak as the
company's 7.18-bln-rupee net profit for Apr-Jun missed consensus estimate
of 7.6 bln rupees. Rural Electrification Corp stocks may gain as the
company's profit rose to 8.77 bln rupees in Apr-Jun from 6.62 bln rupees a
year ago. Investors in Maruti Suzuki India will take cues from the
company's Apr-Jun earnings on Saturday. The auto major reporting a 15%
on-year fall in net profit to 4.69 bln rupees due to high discounts on
petrol models and fluctuation in currency.
Weakness in the rupee against the dollar coupled
with a better product mix and facility utilisation are likely to help Cipla
post a 24% on-year rise in net profit to 3.13 bln rupees. Jaiprakash
Associates' Apr-Jun net profit is likely to have risen by a tepid 2% on
year to 1.09 bln rupees.
Havells India, Kansai Nerolac Paints, Bhushan Steel,
Hexaware Technologies, IDBI Bank, Petronet LNG, Titan Industries,
GlaxoSmithKline Consumer Healthcare, Cummins India, Satyam Computer
Services, Jet Airways, Marico, SKS Microfinance are some of the major
non-Nifty companies reporting their earnings next week.
By RUPEE DESK [email protected]
--
You received this message because you are subscribed to the Google Groups
"Kences1- Rupeedesk" group.
To post to this group, send email to [email protected].
To unsubscribe from this group, send email to
[email protected].
For more options, visit this group at
http://groups.google.com/group/kences1?hl=en.
