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Market Outlook - 13th Jul 2016

Published on Jul 13th 2016

IT

Indian markets are expected to open flat tracking SGX Nifty. US stock hit another milestone as the Dow Jones industrial average closed at a record high a day after the Standard Poors 500 index did. The optimism about stimulus from Japan and China and expectations of interest rate cut by Bank of England generated buying interest. European shares rose for fourth straight day on Tuesday where the panEuropean STOXX Europe 600 index and the similar FTS Euro first 300 index both rose 1.1%. Autos and banks were among the top gainers up 3.8% and 3.3% respectively. Indian markets gained for second consecutive day on the back of encouraging U.S. data and expectations of further monetary stimulus from global policymakers.

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