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Market Outlook - 08th Jun 2016

Published on Jun 08th 2016

IT

Indian Markets are expected to open in green tracking SGX Nifty Global Markets. The US markets ended flat to positive after gaining strength in the last few trading session. On Mon day Federal chairperson Yellen struck a generally positive tone to the US economy warning markets against overreacting to the disappointing US non farm pay rolls numbers on Friday. Euorpean stocks posted strong gains yesterday as a rise in oil price and latest comments Fed Chairperson Janet Yellen boosted investor sentiment. The FTSe closed 0.2% higher while France CAC went up by 1.2% and Germany DAX pushed up further ahead gaining by 1.65% at day end. The Indian market opened with flat to positive not yesterday but picked up momentum after the RBI second bimonthly policy review. The RBI kept the key policy rates unchanged and said there is an upside risk to the inflation target. However it has retained its inflation target at 5% for Jan 2017. Banking stocks posted strong gain led by ICICI

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