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Market Outlook - 05th Jul 2016

Published on Jul 05th 2016

IT

Indian markets are expected to open in red tracking SGX Nifty. Financial and commodities markets in United States were closed for the July 4 public holiday. PostBrexit recovery across European markets sputtered to a halt on Monday with major equity indices lower and safehaven demand for precious metals helping the price of silver surge to near a twoyear high. Equity benchmarks as well as broader markets gained for 6th consecutive day on Monday following upside in its Asian peers though there was some profit booking seen in the last hour of trade. Index heavyweights like ICICI Bank Tata Motors Infosys Reliance Industries and LT led the charge.

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