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Market Outlook - 18th Apr 2016

Published on Apr 18th 2016

IT

Indian markets are expected to open on a positive note tracking SGX Nifty. US stocks closed lower on Friday with energy stocks leading declines as oil prices fell ahead of highly anticipated weekend meeting of oil producers. Energy closed 1.3% lower to lead SP 500 decliners followed by Information Technology. Notably Apple was down 2% following report than they would continue reduced production of the device from AprJun in light of sluggish sales. FTSE 100 turned negative as investors booked profits at the end of a bullish week and shifted their attention towards Sundays Oil output meeting scheduled in Doha. Even though FTSE ended in red it recorded its biggest weekly gain in 7 weeks after the Chinese export data whetted traders risk appetite and catapulted Londons benchmark index to a fresh 2016 high on Wednesday. Indian markets rose more than 2% on Wednesday (Indian markets remain closed on ThursdayFriday for holidays) to their highest level in more than 3 months

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