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Market Outlook - 08th Apr 2016

Published on Apr 08th 2016

IT

Indian markets are expected to open weak tracking the SGX Nifty and negative global cues. U.S. markets moved sharply lower over the course of the trading day on Thursday more than offsetting the strength seen in the previous session. The selloff on Wall Street was mainly due to concerns the outlook for global economic growth which came amid a jump in the value of the Japanese yen versus the U.S. dollar. European stock markets slid in Thursdays trade with initial optimism over rising oil prices overshadowed by concerns about global growth. Indian markets fell sharply on Thursday tracking mixed cues from Asia and Europe as oil surrendered initial gains.

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