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Market Outlook - 14th Jun 2016

Published on Jun 14th 2016

IT

Indian markets are expected to opened down after CPI inflation came in higher than expected. Surge in inflation is likely to weigh on the bond market in the near term and which in turn will have an impact on the overall equity markets in India. The SGX NIFTY is also trading in negative and global markets closed on a weak note. The US market remained weak for the day and overall trading throughout the day remained lackluster and closed in negative zone. Global concerns together with upcoming Fed meet weighed on the markets and seems kept traders away from the markets. The European market ended lower and ended at their lowest level in over two months. Potential Brexit and weakness in the Asian markets were the reasons for the continuous weakness in the markets across Eurozone. The German index DAX ended sharply down by 147 points while the French Index CAC was down by 66 points. It seems that the overall markets in the Europe is likely to remain volatile with a negative bia

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