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Market Outlook - 18th Jan 2016

Published on Jan 15th 2016

IT

Indian markets are expected to open on a flat note tracking the SGX Nifty and Global markets. U.S. stocks rallied sharply Thursday as a rebound in oil prices allowed the main indexes to claw back much of the steep fall seen in the previous session. European market ended Thursdays session in the red but pared its losses in late trade. The late recovery was sparked by the market reversal in the U.S. after a rally in the energy sector. Indian markets pared early losses to end off their days lows on Thursday after IT heavyweight Infosys beat Street estimates for the third straight quarter and revised dollar revenue growth guidance upwards.

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