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Market Outlook - 11th Jul 2016

Published on Jul 11th 2016

IT

Indian markets are expected to open positive tracking SGX Nifty and global markets with US markets losing on strong hold on Friday. The US markets closed on a strong note with the Dow Jones gaining by 250 points and Nasdaq by 80 points. Strong job data propelled the stock markets up. On Friday the US Labor department said nonfarm payroll employment surged up by 2 87000 jobs in June which was much higher than economists expectations of 1 80000 jobs. European markets also closed on a strong note after news of better than US job data came in. After a lackluster opening banks and auto share witnessed decent buying and helped in overall gain for the markets. Indian markets closed down on Friday after showing strength in the last few trading session. Auto and Pharma stocks saw some buying interest; however Telecom stocks were under selling pressure. Overall advance decline ration was in favor of declines. With results season kicking the markets will closely watch the outco

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