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Market Outlook - 03rd May 2016

Published on May 03rd 2016

IT

Indian markets are expected to open on a flat to negative note tracking the SGX Nifty. US markets ended in positive after showing a lack of direction in the start of the day. The strength was partly due to bargain hunting since traders picked up stocks at lower levels following recent weakness. Traders are now looking forward to the release of the closely watched monthly jobs report which could have a significant impact on the outlook for whether the Federal Reserve will raise interest rates at its next meeting in June. The majority of the European markets ended with modest gains. Markets in Greece Ireland and the U.K. were closed for public holidays. Eurozone manufacturing growth improved marginally in April. The factory Purchasing Managers Index rose to 51.7 in April from 51.6 in March and also over the survey average of 51.4. Indian shares fell on Monday with mixed global cues disappointing Q4 results and sluggish manufacturing data. The benchmark BSE Sensex hit a th

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