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Market Outlook - 17th Aug 2016

Published on Aug 17th 2016

IT

Indian markets are likely to open on a Negative note tracing Global cues. The US markets were lower Tuesday after Federal Reserve officials made hawkish comments despite anemic inflation data. The European markets finished in the red Tuesday retreating from their highest level in seven weeks. The move was largely attributed to profit taking following the recent run up in equities. The strong performance of the mining stocks helped to limit the downside move. Indian markets fell modestly on Tuesday as sluggish trade data as well as worrying retail and wholesale inflation figures stirred up concerns about the health of the domestic economy.

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