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Market Outlook - 01st Jul 2016

Published on Jul 01st 2016

IT

Indian markets are expected to open on a Flat note tracing SGX Nifty and Global cues. U.S. stocks rallied for third consecutive session on Thursday as investors anxiety about Britains vote last week to leave the European Union eased. Markets also reacted positively to speech by Bank of England Governor Mark Carney hinting at providing further monetary stimulus. European shares rose for a third straight session yesterday as investors widely expect central banks to cut interest rates and ramp up bond buying in order to ease fears over Britains vote to exit EU. Indian shares closed higher for a fourth consecutive session bouncing back to its preBREXIT levels on Thursday. The recovery is believed to be on the back of improving prospects of domestic economy hopes of good monsoon and clearance of the GST bill in next parliament session.

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