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Market Outlook - 06th Sep 2016

Published on Sep 06th 2016

IT

Indian markets are expected to open flat with a positive bias. The US markets were closed on Monday on account of Labor day.However markets closed moderaly up on Friday after a lower than expected job data by the Labor department.After reporting 275000 for the month of July the August data showed non farm payrolls at addition of only 151000. Though the markets gave off some of the initial gains it still manged to close higher. The European markets closed positvely on Friday after a lower than expected job data fuelled expectations that the US Fed might not be able to go ahead with its planned rate hike in the near term. Indian markets closed Friday with a modest gain. The markets have seen broad based buying in the last few trading sessions and seems in the absence of any negative development will continue to trade in positive territory.

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