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Market Outlook - 10th Jun 2016

Published on Jun 10th 2016

IT

Indian Markets are expected to open flat tracking SGX Nifty Global Markets. The US markets ended marginally negative as traders booked profit amid renewed concern over domestic economy. Weakness emerged in the energy sector as July WTI oil fell. Euorpean stocks ended in red yesterday on the back of rising concern over Breexit. The FTSE closed 1.1% down while Frances CAC went down by 0.97% and Germanys DAX ended deep in red losing by 128 points down 1.25%. The Indian market opened with negative note and saw selling during the day. Market heavy weight like Infosys saw selling pressure during the day as the company said it is expecting short term quarterly bumps in some of the key sector that it had not anticipated during the beginning of the quarter. Selling was witnessed in the large Pharma and FMCG stocks also which put further pressure on the overall markets.

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