Markets May Continue To Trade Flat Next Week

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices ended the week higher and closed at 2 month high. The week saw gains in the Nifty and the Sensex of about 0.4 per cent.

    Markets May Continue To Trade Flat Next Week
    This week's rally was largely led by solid gains in PSU banking stocks like Bank of Baroda and Punjab National Bank, after the government announced recapitalization measures for these banks.

    Individual stocks mostly reacted to their results and select stocks saw a good rebound in trade. Among these were stocks like Force Motors and Sun TV Network.

    IT stocks also saw some buying during the week after Cognizant surprising with its results. Many foreign brokerages continue to prefer tech stocks and have suggested buying the same at lower levels.

    Markets may continue their momentum built in the past week and may see a rally on solid strong inflows. Already the EPF has begun investing in the Indian markets.

    Apart from this domestic mutual funds are seeing solid inflows as gold prices keep falling and real estate is also seeing a slump. The inflows from small investors into the markets could continue to see the stock markets rally.

    Many investors are suggesting buying into tech stocks.

    With most of the major corporate out with their results there is nothing much to look forward in the earnings season, except a select few like State Bank of India, which have yet to announce their results.

    Globally, there are not many cues and investors would react to the US non farm payroll data to see if the US Fed hikes interest rates in Sept. This could be one of the key triggers for the markets next week.

    US markets have posted losses for 7 straight week and this may have an impact on markets when they open for trade on Monday.

    GoodReturns.in

    Read more about: sensex epf markets
    Story first published: Saturday, August 8, 2015, 8:24 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more