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Market Outlook - 09th Sep 2016

Published on Sep 09th 2016

IT

Indian markets are likely to open negative taking global cues. US markets continued to remain weak for the day. Market has remained range bound for the last two trading session due to lack of major economic data. This together with status quo by ECB on its monetary policy led to marginal selling in the index. European markets ended mixed as there was no change in monetary policy by ECB. The ECB left key interest rates unchanged for the fourth consecutive session. Though the decisions were in line with market expectations markets remained directionless. The Indian markets remained volatile with narrow range initially but picked up momentum later on and ended the day with a modest gain. Pharma and auto stocks saw buying interest during the day.

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