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Market Outlook - 12th Jul 2016

Published on Jul 12th 2016

IT

Indian markets are expected to open positive tracking SGX Nifty strong global markets. After strong gain on Friday the US markets further advanced ahead of the result season. The better than expected job data gave a renewed confidence to investors and who feel that the BREXIT concern was overblown and its earnings what needs to watch out for now. The European markets closed further high on expectations of renewed stimulus by the central bank. Indian markets opened gap up on Monday after Fridays bullish market in the US where the Dow Jones and Nasdaq gained strongly after better than expected job data. There was broad based buying across banks auto and selected infrastructure companies. Index heavy weight HDFC twin also remained active during the days trade. The result season has started with a great note with IndusInd Bank reporting strong set of results.

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