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Market Outlook - 04th Feb 2016

Published on Feb 04th 2016


Indian markets are expected to open in green tracking the SGX Nifty and its asian peers. US markets ended in green since the volatility on Wall Street came as traders digested the release of a mixed batch of U.S. economic data as well as a sharp jump by the price of crude oil. The European markets ended Wednesday session in negative extending its losses from the previous two days. The weak performance of the Asian markets had a negative impact on sentiment. Continued volatility in crude oil prices and some disappointing corporate earnings news also weighed on the market sentiments. Indian shares joined another global selloff on Wednesday as investors are worried over slowing global growth. Global sentiment remained bearish despite further signs of improvement in China services sector and oil prices nudging higher in European deals after fresh comments from Russia on possible coordination of efforts to stabilize oil markets.

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