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Market Outlook - 15th Jul 2016

Published on Jul 15th 2016

IT

Indian markets are expected to open in green tracking SGX Nifty. U.S. equities closed at new record levels Thursday after Bank of England hinted at looser monetary policy next month and as earnings season kicked into full gear. Dow Jones closed at an alltime high for 3rd consecutive day with Goldman Sachs IBM and Apple contributing the most gains. SP 500 had its 4th consecutive record close ending half a percent higher led by financials. Nasdaq had its 6th positive day of gains in seven closing half a percent higher as Apple shares gained over 2%. U.K. stocks ended lower while pound climbed on Thursday after Bank of England confounded market expectations by leaving its benchmark interest rate unchanged at a record low of 0.5%. Europeled strength in last hour of trade helped Equity benchmarks end at 10month high on Thursday. Also likely meeting between NDA and Congress over Goods Services Tax (GST) issues and expected announcement of new RBI governor by weekend

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