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Friday, 26 December 2014

BSE Sensex, Nifty sluggish; ITC, ICICI Bank laggards

1:30 pm Market outlook: Sandip Sabharwal of asksandipsabharwal.com is very skeptical of the market for the first few months of 2015. According to him the market is likely to enter a difficult phase. The upcoming earnings season could be one of the worst in past several years and some of the global headwinds with regards to liquidity also remain, feels Sabharwal. Sector specific, he thinks telecom could outperform once the auction process is over but It and captial goods could report muted third quarter earnings. Some midcap stocks could be good bets for 2015.

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The market is still struggling with the Sensex down 107.36 points at 27101.25. The Nifty was down 18.25 points at 8155.85. About 1221 shares have advanced, 1325 shares declined, and 118 shares are unchanged.

Trading volumes remained low as investor interest was subdued despite Friday being the first trading day for the new monthly derivatives contract, traders said. Infosys, Sun Pharma, HDFC, Hindalco and SBI are major gainers while ITC, Maruti, ICICI Bank and Tata Motors are laggards.

Japanese stocks ticked up, with sentiment buoyed by bullish expectations for 2015 helping to overcome slight losses from profit-taking in the morning session. The Nikkei benchmark closed up 0.1 percent at 17,818.96 in quiet trade. The average added 1.1 percent over the holiday-shortened week, which saw the thinnest trade volume since May. More information please visit this site www.bigprofitbuzz.com

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