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Market Outlook - 08th Jul 2016

Published on Jul 08th 2016

IT

Indian markets are expected to open flat tracking SGX Nifty. The US markets traded in narrow range on Thursday and the broader indices remained lackluster. Lack of buying interest resulted in marginally negative closing for the indices at the end of the day. European markets closed on a positive note after remaining in negative zone for three successive sessions. After the recent sell off bargain haunting led to some level of buying in selective stocks. Indian markets closed flat on Thursday after showing strength in the last few trading session. Pharma stocks saw strong buying after Lupin Ltd said it has received clearance for its Goa plant this led to buying in other pharma companies as well along with Lupin.

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