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Market Outlook - 07th Jul 2016

Published on Jul 07th 2016

IT

Indian markets are expected to open positive tracking SGX Nifty. The US markets opened weak on Wednesday; however bargain haunting pulled back the indices and the broader market closed in positive territory. European markets closed weak on Wednesday among fresh weakness in BGP and concerns over Britains exit from EU continues to impact the investor sentiments. Weak German data also contributed to the weakness in the markets. Indian markets closed down on Tuesday after successive gains in the previous trading days. Though there was no broad based selling auto stocks saw some selling pressure. With results for Q1FY17 likely to start flowing in from next week markets will be focused on them rather than global events. However after sharp rebound the European markets have turned weak again after GBP weakened further.

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