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Market Outlook - 15th Jun 2016

Published on Jun 15th 2016

IT

Indian markets are expected to open flat some consensus seems to be developing for the GST bill. In a two days meet with states FMs the union finance minister Arun Jaitly has expressed hope for positive move ahead. The SGX NIFTY is trading marginally negative. However further direction of the market will be decided by global indices today and global markets closed on a weak note. The US market closed modestly down with Dow closing down by 57 points. Though the selling pressure was modest risk aversion by traders head of US Fed policy announcement on monetary policy on Wednesday kept the markets subdued. Though it is widely expected that the US Fed will keep its policy rates unchanged traders and investors will keenly watch out for the accompanying commentary which could give time line for the same. The European market ended Tuesday further lower and ended at their lowest level in over three months. Potential Brexit and weakness in the Asian markets continued to dampen

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