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Market Outlook - 17th May 2016

Published on May 17th 2016

IT

Indian markets are expected to open on a positive note tracking the SGX Nifty. U.S markets closed higher on Monday led by energy stocks and fresh gains in the tech sector including Apple Inc who jumped 3.7% and contributed to gains across the board. European markets closed broadly flat hovered around the flatline Monday following weak data out of China. Indian markets ended a choppy session solidly higher on Monday. While higher oil and metal prices as well as broadbased gains in Asia offered some support overall gains for Sensex and Nifty were capped by weak cues from Europe sluggish Chinese data and slightly worrying inflation data on the domestic front.

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