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Market Outlook - 10th May 2016

Published on May 10th 2016

IT

Indian markets are expected to open on a negative note tracking the SGX Nifty and weak global cues. US markets ended lackluster with Down Jones marginally declining while Nasdaq posted minor gains. Traders remained on sidelines as no major economic data were to be announced ahead during the day. The ongoing weeks lack any major economic data and hence participation levels seemed lower. The European markets ended higher and rebounded from a months low level as oil prices climbed and reading on German factory orders and Eurozone investor confidence beating estimates. As a result the German Index DAX reported strong gain of 1.12%. Indian markets reported strong gain with Sensex rising by 460 points on Monday backed by strong global cues as oil prices picked up. Weak job data in the US overnight fuelled the hope that US fed might postpone its rate hike in June. FII turned positive buyers in the domestic market as risk adverse investors took buying interest. A delayed rate ris

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