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Market Outlook - 12th Aug 2016

Published on Aug 12th 2016

IT

Indian markets are likely to open flat and remain in positive bias tracking SGX NIFTY and global markets. The US markets closed strongly on the back of surging crude oil prices. All the key indices of US markets closed at new high backed by better than expected results from several of the country’s department stores. The FTSE closed at 14 months high surpassing 6900. A set of MA news helped strong buy across the board and markets closed strong. Other European indices like DAX and CAC also closed in positive territory. The Indian markets witnessed some positive move backed by short covering. After two days of weak markets bargain hunting helped some relief for market participants.

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