Weekly Sector Outlook

Bank Stocks Outlook

1. A lot will depend on the mood after RBI releases its policy review on Jul 26.How much they hike or where they pause for now, and also what outlook they provide on rates, could have an impact on bank stock, a analysts with a domestic broking firm said.

2. Many bank stocks may see profits booking after their earning are detailed, as the market has already factored in their Apr-Jun performance.

Auto Stocks Outlook

1. Automobile stocks are seen taking cues from the Reserve Bank of India’s first quarter review of monetary policy for 2011-12 (Apr-Mar) next week, analysts said.

2. Investors will also keep an eye on Maruti Suzuki, which will detail its Apr-Jun earnings Tuesday.

Pharma Stocks Outlook

1. Sun pharmaceutical industries, Lupin, Glenmark Pharmaceuticals, and Orchid Chemicals & pharmaceuticals are among the major drug makers that will detail their first quarter earning next week.

2. The Sector’s growth is seen in the 10-15% range during the quarter ended June, which may attract some buying opportunity in select mid-cap stocks, an analysts said.

Telecom Stocks Outlook

1. Share of telecom companies are seen tracking the broad market next week and the bias is positive, dealers said, adding that Bharti airtel may test a new 52-week high.

2. Bharti airtel will announce its quarterly results on Aug 3. Trade will also be volatile because the July futures contracts will expire Thursday.

Capital Goods Stocks Outlook

1. Shares of capital goods companies may trade in a range next week, with investors eyeing earning s of major companies in the sector, according to dealer with a domestic brokerage.

2. On Tuesday, the market will take cues from the Reserve Bank of India’s first quarter review of monetary policy, which in turn will influence stocks in the capital goods sector.

Cement Stock Outlook

1. Share of major cement companies are likely to take cues from the Apr-Jun earnings of three sector heavyweight next week, analysts and dealers said.

2. Stocks of cement companies traded volatile this week and ended mixed today ahead of the earnings next week.

Steel Stocks Outlook

1. The short term outlook remains weak for steel companies because of slow growth in industrial demand and high commodity prices, ananlysts said.

2. ICICI Securities sees JSW steel’s Apr-Jun net profit falling 60% on quarter.

Oil Stocks Outlook

1.Reliance Industries will be the most-watched stock in the sector next week with the government today approving the companies $7.2 bln deal to sell 30% stake in 21 hydrocarbon blocks to British oil major BP Plc.

2. Firm crude oil prices will increase revenue losses of state – owned fuel retailers because they sell fuels such as diesel, kerosene and liquefied petroleum gas at highly subsidies rates.

FMCG Stocks Outlook

1. Share of major fast moving consumer goods companies will continue to outperform the broader market, with traders eyeing Apr-Jun earnings of Hindustan Unilever Ltd., ITC Ltd and Marico Ltd. next week.

2. Index heavyweights Hindustan Unilever and ITC were up 1.20% and 2.80% respectively over last week.

IT Stocks Outlook

1.shares of information technology companies are seen mostly rangebound with a slight positive bias next week, but Apr- Jun earnings may trigger stock –specific reactions , dealers and analysts said.

2. Analysts believe that Wipro and Infosys’s poor number for Apr-Jun cannot be treated as barometer for IT industry.