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Market Outlook - 05th May 2016

Published on May 05th 2016

IT

Indian markets are expected to open on a flat to positive note tracking the SGX Nifty. US Stocks ended in red adding to the losses posted in the previous session. The techheavy Nasdaq ended the session at its lowest closing level in almost two months. The weakness on Wall Street was partly due to the release of some disappointing economic data with a report from payroll processor ADP showing weaker than expected private sector job growth. The report raised some concerns ahead of the release of the Labor Departments more closely watched monthly jobs report on Friday. The European markets ended in the red extending its losses from the previous session. Investor sentiment was impacted by some disappointing regional economic data and some weaker than expected corporate earnings results. Indian shares extend losses for the third consecutive day as worries about global growth and deflation weighted on dollar and pushed commodities lower. European stocks gave up early gains on the back

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