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Market Outlook - 12th Apr 2016

Published on Apr 12th 2016

IT

Indian markets are expected to open on a flat note tracking the SGX Nifty and Global Markets. After failing to sustain an early upside move US stocks ended mostly unchanged yesterday. The pullback came as investors remained cautious ahead of firstquarter company earnings. Japanese Yen showing continued strength may have also weighed on the markets. The European markers recovered well and ended in the positive zone yesterday after a weak start. The gains can be attributed to gain in Italian banks and as mining stocks gained on rising metal prices. Indian shares recovered early losses yesterday and closed convincingly higher in line with global markets. Late buying in large cap stocks boosted Indian markets. Market sentiment was also boosted on expectations of normal monsoon this year.

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