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Market Outlook - 04th Jul 2016

Published on Jul 04th 2016

IT

Indian markets are expected to open with positive bias tracing SGX Nifty. U.S. stocks gained for 4th straight daily gain on Friday with Dow and SP reporting their best week this year as stocks clawed back some of the losses scored in the wake of tumult that followed U.K.s decision last week to sever ties with EU. Markets gained as ECB says it is weighing changes to its bondbuying program BoE Governor saying his organization would loosen policy within months to deal with fallout of Brexit vote. European shares gained on Friday lifted by expectations that ECB would take action to support markets in order to ease worries about fallout from UKs vote to leave EU. Indian shares closed higher for 5th consecutive session on account of good monsoon progress cabinets approval for 7th pay commission recommendations government reforms to boost private sector and positive global mood.

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