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Market Outlook - 16th May 2016

Published on May 16th 2016


Indian markets are expected to open on flat note tracking global cues. U.S markets tumbled Friday notching another weekly loss for the three main benchmarks. Markets dropped as a strong report on U.S. retail sales failed to assuage investor worries about the troubled sector. Meanwhile a drop in crudeoil futures weighed on energy shares and deflated investors appetite for risky assets. European markets rebounded from losses earlier in Fridays session as strong U.S. retail sales data buoyed markets. Indian markets tumbled on Friday in the wake of weak global cues and disappointing industrial output as well as consumer inflation data.

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