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=======================================================================Indian Markets Outlook for the week – 8.Feb.2016 to 12.Feb.2016 (Market to eye earnings, economic data next week)
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( www.rupeedesk.in )
As indices have shown some strength in the fag end of this week, bias
next week is positive for domestic equities but further gains will depend
on corporate earnings, trend in global equity markets and crude oil
price movement.
Economic data, both domestic and global, will also lend direction. US
monthly jobs data, will be watched. Back home, consumer price index based
inflation data for January and industrial production data for
December will be detailed on Friday.
Focus will be on Japanese, European and US markets next week as most
Asian equities will be shut for better part of the week on account of Lunar
New Year. Meanwhile, sustainability of gains in domestic equities will
also depend on the banking sector as frontline public sector banks--State
Bank of India, Punjab National Bank, and Bank of Baroda will detail
their Oct-Dec earnings.
Despite domestic equities ending on a positive note and Thursday,
some market participants believe gains may not sustain as foreign
institutional investors continue to remain net sellers.( www.rupeedesk.in )
