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Market Outlook - 19th Feb 2016

Published on Feb 19th 2016

IT

Indian markets are expected to open marginally negative tracking the SGX Nifty and some of its Asian peers. After initially showing a lack of direction U.S. markets have moved mostly lower over the course of the trading session on Thursday. The weakness that emerged on Wall Street was partly due to a pullback by the price of crude oil. The European markets erased earlier firm gains and closed almost flat on Thursday tracking a rollercoaster ride in oil futures after fresh comments from Saudi Arabia and U.S. inventory data. Indian markets joined a global rally on Thursday although trading remained a little bit volatile amid weakness in the rupee which is nearing record lows on continued foreign fund outflows.

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