Indian Indices
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06 Dec 2016 | 11:25 PM
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Monthly

Equity Research Report: Market Explorer - May 2016

The next major trigger for the Indian markets is Q4 results of India Inc. and progress on monsoon. India Meteorological Department first monsoon forecast for the year 2016 says the ‘above normal’ monsoon of 106 per cent of the Long Period Average (LPA) during the period of June to September 2016. The results so far declared by corporate India are mixed but still lacking pace to boost the market sentiment. Markets are likely to remain choppy for the next few weeks as it is still awaiting the next cues to move ahead.
05 May 2016 | 11:39 AM

  • After strong surge in March month, Nifty underwent in consolidation phase in the passing month and hovered in a broader range of roughly five hundred points. Importantly, it almost tested the psychological level of 8000 and managed to settled at 7847.25; up by nearly 1.5 percent on monthly basis.
  • This month, a lot depends upon the earning announcements, which has failed to trigger any strong directional move in index so far. Besides, markets will continue to react on global events so volatility will continue to remain quite high throughout the month.
  • On sectoral front, we reiterate our preference for auto, private banks and NBFCs for long trades while PSU banks, metal and realty counters will face selling pressure at higher levels so plan your trades accordingly. 
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