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Market Outlook - 09th May 2016

Published on May 09th 2016


Indian markets are expected to open on a positive note tracking the SGX Nifty. US Stocks closed higher Friday rebounding after an earlier decline as investors grappled with a disappointing job reports and its impact on the further monetary policy. Fridays labor department missed expectations showing that companies scaled back hiring in April adding only 160000 new jobs compared with an average forecast of 203000. The weaker than expected jobs number sparked speculation that the Fed likely to stay its hand at raising interest rates over coming months. The European markets were in negative territory of much of Fridays session. They slipped to their lowest level of the session immediately following the release of the weaker than expected US employment report for April. However subsequently the market rallied and entered positive territory. Indian shares remained during Friday and closed marginally low with Sensex closing down by 34 points. Weak Asian Markets and lack

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