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Market Outlook - 06th May 2016

Published on May 06th 2016

IT

Indian markets are expected to open on a negative note tracking the SGX Nifty. US markets ended little changed in a relatively lackluster performance over the course of the trading session. The techheavy Nasdaq saw a modest drop on the day falling to its lowest closing level in almost two months. The choppy trading seen throughout much of the session came as traders seemed reluctant to make significant moves ahead of the monthly jobs report on Friday. The European markets ended session with mixed results in light holiday trading action. Several markets were closed today for the Ascension Day holiday including Switzerland Denmark and Austria. Indian shares ended in green for the first time in four days as oil prices jumped on concerns about production cuts in Canada oil sands region and a rally in bond markets fizzled out ahead of the allimportant U.S. jobs report due today. Investors also cheered comments by Finance Minister Arun Jaitley that the Indian economy can gr

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